Saturday, February 25, 2017

Would it be a good idea to purchase shares in Lloyd's Bank?

I read this on The Economist Espresso app this morning:

HSBC reported a 62% fall in annual pre-tax profit, to $7.1bn. Royal Bank of Scotland, 72% government-owned, lost a worse-than-expected £7bn ($8.7bn), the ninth loss since taxpayers rescued it after the financial crisis. Lloyds, another British bailed-out bank, made £4.2bn, its best result since 2006. It is expected to return to full private ownership this year.>

Does that hint at the possibility of Lloyd's Bank share prices rising later this year? I'm a total beginner but thought I'd enquire after reading that anyway.

Thank you for any answers or any added discussion!



Submitted February 25, 2017 at 08:25AM by MolemanByLaw http://ift.tt/2mvVbhH

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