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Lloyds

Possible upside for Lloyds bank.I've been watching an trading LLOY for the past 2/3 years. I believe the fundamentals to be excellent. 5% dividend approx and an internal revenue of 10 (forecasted to be 8 in 2019). The bank is highly profitable even with in this low interest rate environment. With the PPI repayment deadline in August 2019, this will only improve Lloyds profitability. And if a rate hike was to occur, the same would happen for the profitability of LLOY. From a technical point. There has been extremely strong support at 50p. With the current price at approx 65p, there is another resistance level approaching. With the PPI repayment deadline approaching there could be further upside for LLOY.
LSE:LLOYLong
by Tall_Short
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.businessinsider.com
LSE:LLOYLong
by Tall_Short
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