Possible upside for Lloyds Bank (LLOY)
I have been watching and trading lloyds for the past 2/3 years. The fundamentals are great. Its internal rate of return is excellent, especially considering it pays out a strong dividend (Approx 5%). It also has a P/E ratio of around 8. So fundamentally I believe it to be a sound investment. However, this is not advice.
LLOY has broken through 2 strong support levels and looks like it maybe approaching another and then another. With the August 2019 PPI cutoff point, which will only boost the banks profit, I personally can only see upside for LLOY. Also, considering how profitable Lloyds has been as of recent with rates this low, the profitability of the bank would increase if rates were hiked. HOWEVER.... Lloyds share price is seems to be correlated with BREXIT... yet, this may have changed as of late.
Please read this article for proof of profitability.
www.businessins...-in-2017-2018-2?r=US&I...
LLOY has broken through 2 strong support levels and looks like it maybe approaching another and then another. With the August 2019 PPI cutoff point, which will only boost the banks profit, I personally can only see upside for LLOY. Also, considering how profitable Lloyds has been as of recent with rates this low, the profitability of the bank would increase if rates were hiked. HOWEVER.... Lloyds share price is seems to be correlated with BREXIT... yet, this may have changed as of late.
Please read this article for proof of profitability.
www.businessins...-in-2017-2018-2?r=US&I...