In a Morningstar interview last week, Old Mutual star investment manager Richard Buxton put forth Lloyds (LSE: LLOY) as one of his top stocks due to a dividend that he and his analysts forecast will soon rise to 6p.
Over the past three years, shares in Lloyds(LSE: LLOY) have gone nowhere. Excluding dividends, the shares have lost 18.7%. This performance would be acceptable were it not for the fact that over this period pre-tax profits have surged from �415m ...
Lloyds Banking Group PLC (LON:LLOY) saw its first-quarter results beat market expectations, despite further provisions for conduct issues, with the part-state-owned lender reaffirming its full-year guidance.
In a note to clients, the German bank's analysts reduced their target price for Lloyds to 66p from 70p, and for RBS to 240p from 252p, reiterating 'hold' ratings on both, with the two lenders' share prices still below those levels.