4 Financial Stock Stories to End a Big Trading Week
Lloyds Banking Group (NYSE:LYG): Current price $4.10
Should a provisional scenario being mapped out by officials become effective, up to half of the government’s £18 billion interest in Lloyds would be divested to retail investors. The sell-off could commence as soon as September, with a 5-to-10 percent stake in Lloyds potentially being placed with institutional investors at a nominal discount to the share price. Those involved in the process anticipate a second institutional placing early in 2014, followed by a retail tranche, smoothing the way for the government to completely offload its 39 percent stake by the end of that year, assuming the markets remain stable.
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