Banking is back in the black in the US, with the behemoths of Wall Street like JP Morgan and Citgroup reporting strong results redolent of their pre-crisis glory days. But should this be any reason for shareholders in Lloyds (LSE: LLOY) to get excited?
Do Great Results From Citigroup Inc & JPMorgan Chase & Co Herald Good News To Come From Lloyds Banking Group plc?
VIDEO: One Fool puts Lloyds Banking Group plc (LON:LLOY) under the spotlight following results from Citigroup INC (NYSE:C) and JPMorgan Chase & Co. (NYSE:JPM)
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Published Owain is a magpie of the investing world -- and not because he gets into a flap. Almost any style of investing might suit him, depending on the bigger picture, and he's held all sorts of companies. Paraphrasing Keynes, he says: “When the market changes, I change my mind -- what do you do?”
That said, Owain is usually a buyer of equities, where he prefers lightly geared, modestly rated companies, and is increasingly on the lookout for Buffett-style intangible quality. He aspires to buy-and-hold: his best investment ideas are worth much more than he sold them for. Then again, his worst investment went bust due to management fraud!
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