European Banks Surging on NEWS out of
Lloyds - LYG , the bank whose largest shareholder is the British government, gained 7.1 percent to 72.28 pence. The Sunday Times newspaper said the lender may report a profit for the first six months of the year after accounting rules allowed it to write back billions of pounds of sub-prime investments. The Sunday Times did not say where it got the information.
European banks list:
LYG, AIB, BCS, DB, IRE