LLDTF - Lloyds' Credit Quality Drives 60% Upside Once It Emerges From A Challenging Year
Lloyds Banking Group (LYG) (LLDTF) is one of my holdings that I've not written about, but does deserve some attention. The UK bank has been hit by multiple issues over time. One legacy issue is PPI, a more recent one is Brexit, and the latest one is the global pandemic, which caused harm to bank stocks everywhere.
I believe that the bank has recently underperformed its peers in part due to the aggressive impairments it took. However, I think that the credit quality of Lloyds should make the company an