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" here we go again " !

Dividend payment date 25th May 0.57P.
Lloyds is no longer a pure income play for for longterm holders.

" Give with one hand and take with the other " the Chancellor will need to to implement huge tax hikes in the March budget to allow him to make cuts before the 2024 General Election.

Metro Bank will remain a speculative buy, a return to profit may not happen until 2024 reinforcing the case of Hedge Funds making Metro Bank one of the most shorted top ten stocks on the london market today.

Hollybean not all bad news, If the bank decide to substantially reduce or cancel the dividend again, it will boost bank " Core Equity Tier One Ratios " and balance sheet cash flow and possibly have a positive effect on the current share price.

Who pays, Taxpayers or Shareholders ?.

£26Bn pounds of " Bounce Back Loans " many of them due to fraud are now in danger of turning sour. It could be argued by the Government due to lack of due -diligence and haste, banks must take sole full responsibility and foot the bill for this costly debacle.

Taking into account the immediate outlook for the UK economy, Lloyds share price hitting the 40P level, restoration of a token dividend payout on the back of a very small year end profit will be a satisfactory outcome for the bank.

Wenglishboy, I think Lloyds have made a big mistake promoting a new CEO from within the current management structure at the bank , management already entrenched in a company often lack new ideas and a fresh perspective that only an outsider can bring to the table.

I fear the dividend payout decision by the bank is slowly being baked into current share price trend.

Before any dividend is declared underlying profits generated by the bank must cross the dividend ratio threshold payout line, expect we will be hearing the words prudence and caution in this years upcoming, UK banking sector reporting season.

Fianancial markets have led investors on a merry dance over the last few months, Covid costs and new Brexit regulation on businesses will continue to cripple the UK economy for the forseeable future.

Gary 59 neither, competitive saturated pressures in both sectors , If you are looking for a steady stream of predictable chunky dividend income, it may be worth taking a look at pension and insurance providers Aviva and Legal & General, both stocks are also ripe for potential UK and Overseas takeover bids in the future.

" What a load of baloney " farmers are still pouring tens of millions litres of high quality milk down the drain each year that they are unable to sell into the UK home domestic market.

JP Morgan reports better than expected credit and trading revenue, entirely due to the American Federal Reserve's continual unprecedented actions to prop up financial markets.

Vaccine Update

Norwegian health officials have changed their advice on who gets the Pfizer covid 19 vaccine after many elderly people have died from deadly side - effects of the Pfizer vaccine. Pfizer said they are investigating and added the number of deaths so far is not alarming,and is in line with expectations.

Worrying !

Matt Sinnott, Lloyds group director, all staff bonuses have been scrapped due to the Bank not meeting the minimum profit threshold for a payout this year.

New British blue passport, made in Poland by a Franco / Dutch company while UK based passport maker DE LA Rue are laying people off !

At some point in the future QE assets held on " Central Bank " balance sheets will have to be sold back to the taxpayer and private sector.

Fair assumption UK Banks may well use a high degree of caution and prudence, and leave the dividend ban in place for the time being.

UK Banks have informed the Chancellor and BoE their IT systems are now primed and ready for the introduction of negative interest rates.

Lots of headwinds and no more Tailwinds, Lloyds next CEO faces a " Herculean Task Ahead " reviving the share price and fortune's of the Bank. In the meantime expect a 34P - 37P share price trading range until full year earnings release next month.