Lloyds shares are rocketing in early trading after the British bank said it would still pay a decent dividend to shareholders despite profits dropping. The stock price is up nearly 10% and investors can’t seem to get enough of the bank stock. Statutory profit before tax actually dropped to £1.6 billion, from £1.8 billion in 2014 — thanks to a massive £2.1 billion worth of compensation and admin charges related to the misselling of payment protection insurance. PPI was a form of insurance intended to pay out if consumers failed to make payments on their loans. Many consumers were duped into buying
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