Modest 42% profit on Lloyds Bank shares in just over one week

Those readers who followed Lord Patel on Wednesday, March 25, 2009 Repairing the old wallet. into Lloyds bank after a quick in and out into Barclays will be gratified that since buying at 57 pence the shares in Lloyds trade, as we write, up 6p today at 76.9 p a modest 42% rise in a week.

Credit crunch ? Crisis ? What crisis ... those bankers are still reeling in the profits.

Want to join in the fun ? Royal Bank of Scotland have started to move. Last price 27.40 pence (174.00% above the 52 week low of 10.00 set on January 20, 2009) up +2.30pence up 9.16%. (Closed 4.30 28.2 p up 12.35%)

Just to recap : Royal Bank of Scotland Group (RBS:LSE) was acquired by HM Treasury for $26.06bn on 08 October 2008, the share price has decreased -69.56% since acquisition by you and me. They are in fact up 18% ish ove the whole of March - but 9%+ today alone.

Dip yer bread, Fill ya boots!