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LYG - Lloyds Banking Group: Victim Of Circumstance Remain Cautious
Lloyds Banking Group Plc American Depositary Shares
Lloyds has been held back by UK economic certainty
I first wrote on Lloyds (NYSE: LYG) back in May (article here) when I cautioned that the persistent UK economic uncertainty brought about by Brexit was likely to weigh on the shares of this most domestic-focused of the UK banks.
This is broadly how things have panned out with Lloyds' shares being largely unchanged since that article whereas more diversified peers like Barclays (NYSE: BCS) have enjoyed a nice rally (+13%).
My view on Lloyds hasn't changed: I think it's a value-trap for