Lloyd's is a surprise U.K. play on housing numbers (LYG)

Posted in General 
June 23rd, 2009

Lloyd’s Banking Group plc (NYSE: LYG) is up more than 10% as of 11 a.m. Eastern on about 1.2 times normal daily volume. The stock appears to be rocketing ahead on positive housing data in the U.S. that is raising speculative interest in one of the U.K.’s largest mortgage lenders. Analysts previously had pegged Lloyd’s as a top turnaround play should housing start to pick up. — Mike Tarsala

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