Monthly Investment Journal - Week 22 March 2010
Banking On a Turnaround
Monthly Investment Journal - 28 March 2010 - 04:56 PM
While good news is always welcome in the aftermath of the financial crisis, it does feel that it is a little too soon for Lloyds Banking Group (LLOY) to have suggested that it will return to profitability on a combined basis by the end of this year. That the day of the announcement saw a 10% rise in the shares, and there had been a series of broker upgrades following the news, suggested that most in the market were caught on the hop by Lloyds’s latest announcement.Latest live reports
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