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After a period of struggle in the banking sector recently, Lloyds Bank full year results release enabled the bank’s share price to shoot upwards of 10% in early trade. The bank made a surprise announcement to their dividend payments and answered some of the pressing questions around the cost of the eye-watering PPI claims scandal and the allocation that Lloyds will put aside.
So what were the results? Why have investors taken to the numbers so strongly?
Our Head Analyst Ravi Lockyer and CSS co-founder Luca Sarri discuss what the results were and Ravi gives comment on a rough idea for when the Lloyds Share Sale from the government may take place.
What questions were asked?
What are the good points in the FY15 numbers today?.
What targets has Lloyds set itself?
PPI; are we coming to an end of the provisions for PPI?
Special dividend of only 0.5p is a bit mean? What’s your view on the payout
Any lingering concerns over today’s numbers?
What does this mean for the Governments share sale?
Watch the video below
Enjoy the discussion and as always if you have any thoughts or questions please ask away in the comments below!
If there were any unfamiliar terms you heard or wanted to brush up on your Financial Jargon glossary in general, check out our financial terms list here: Financial Terms List