Opinions on continuing to hold Lloyds bank shares?

TUVOK

I'm currently on a 25% loss on my Lloyds bank shares, what to do?

I thought back last autumn that a revival was occurring but that was a false dawn!

I would welcome opinions on whether to sell, and re-invest in a more profitable holding or carry on and hope that the UK market will continue to advance and with it hopefully Lloyds banks share price.

tafelmoneysaver

Presume you mean you purchased in Autumn '19, rather than Autumn '20 because they should have increased 25% over that time.

Why do you think they won't get back to 60p per share in the future?

sevenhills

Higher interest rates make it easier for banks to make more profits, with inflation increasing, interest rates are more likely to increase too. But that will probably be next year.

DireEmblem

On what criteria did you first buy them for, and does that still hold?

Alistair31

I am 75% up on my Lloyds shares. Was planning to sell at 50p.

davelewis

If you don't need the money, leave them be. They will recover. I'm banking on it 

ranciduk

Dividends should get much better next year hopefully 

lozzy1965

They are a good bet in my opinion - if you are an investor and not a trader?

wmb194

CityWire recently spoke to a fund manager about what he thinks about UK banks. The takeaway is that whilst he doesn't think they're great businesses it could be that the market has more than priced in the bad news and this does seem to be the general consensus amongst the talking heads when you watch Bloomberg. Then again, people have been saying this for years.

https://citywire.co.uk/investment-trust-insider/news/jpmorgan-claverhouse-uk-banks-are-too-cheap-to-ignore/a1528837?ref=investment_trust_insider_video_list

HHarry

I’ve been waiting since 2009 / 2013 for the shares that I bought at 96 / 51p to break even.

 I really should have sold a long, long time ago, taken the loss and just stuck the money in a global tracker.  I’d have recouped that loss and more.  Now I’m just being pig headed and holding out for a profit- but it’s not a lot of money.

 You might make an easy profit, you might be waiting another 10 years for nothing / not much.  Or you could stick the money in a fund and stand a better chance - or certainly less risk.

Shocking_Blue

HHarry said:

 You might make an easy profit, you might be waiting another 10 years for nothing / not much.  Or you could stick the money in a fund and stand a better chance - or certainly less risk.

I also own a small number of Lloyds shares, together with various others that fell after the pandemic hit. Did not get in at the bottom of the dips but am still up quite a bit. Currently their price is around halfway between what I bought them at and their pre-Covid valuation. Have also been considering cashing in now and putting into a fund rather than assuming they'll get back to pre-covid levels+ (did read a broadsheet  article  recently that suggested investors where considering this). Not sure what others think.