Lloyds shares? Views pleaae
Discussion
My response to anyone who asks me if x, y and z Bank is worth getting into or will such and such go back to wherever, is.....do you actually have a deeper understanding of what’s happened to banks and what they are like internally?
When you see what cost to income ratios look like for some of these places (and Lloyds is often the best as at the higher end of management their pay is the weakest in comparison!), then day traders with no vested interest can make quick bucks on day changes. But it isn’t for long termers. Banks across the West have significant strategic challenges.
The heady days of 2006 are long gone.
By and large - cynically - there are only two types of Bank staffers who hold stock.
- the 15yr veterans still plugging along, bemoaning at the water cooler why they didn’t sell years ago
- the grimacing newly minted junior MD who’s got the offer from HR and sees exactly how much is tied up in their LTIP
When you see what cost to income ratios look like for some of these places (and Lloyds is often the best as at the higher end of management their pay is the weakest in comparison!), then day traders with no vested interest can make quick bucks on day changes. But it isn’t for long termers. Banks across the West have significant strategic challenges.
The heady days of 2006 are long gone.
By and large - cynically - there are only two types of Bank staffers who hold stock.
- the 15yr veterans still plugging along, bemoaning at the water cooler why they didn’t sell years ago
- the grimacing newly minted junior MD who’s got the offer from HR and sees exactly how much is tied up in their LTIP
I've worked in (investment) banks and previously held Lloyds bank shares (back when they mysteriously took over HBOS), but before commenting would be useful to know why you are holding individual shares rather than something with less concentration/more diversification such as a fund(s)?
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