As a owner of more than 27000 shares of the bank who have invested £10000 and been following its success since the recession and who has made profit of £12000 in little more than 1 year from the shares I would say YES.It will be surely beneficial if its shares are bought for long term investment.Even the prime minister David Cameron said "LLoyds shares must be bought and forgotten".I think that is a good idea to buy the bank's share and don't touch it for many years to see huge reward.Cameron said the share holders of the bank will get substantial profit in the year 2020.
Lloyds has kept aside around £8 billion pounds for PPI mis-selling as the media reported last week which I think was the reason for the bank dropping to 75.48 pence margin this week from 81.00 pence last week.By looking at the billions of pounds profit the bank is making, in no time this £8 billion pounds for PPI mis-selling will be recouped.
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