Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Lloyds (LLOY) has passed the recent ‘stress test’ imposed by Prudential Regulation Authority, the Bank of England’s regulator. This test examined whether banks could cope with a severe economic downturn. The woes included a 35% drop in house prices, a hike in interest rates and unemployment reaching a high of 12%.
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