Lloyds Bank share price has been on a strong uptrend in the last five weeks, and is currently up by 42.5% year-to-date. Furthermore, the stock rose to 78.98p on Friday, its highest level in nearly a decade. This paints a picture of a company with strong fundamentals, especially in view of an underlying concern over its exposure to the multi-billion pound car miss-selling compensation.
Markets in the UK are closed for the Bank Holiday on Monday. However, traders will likely buy into the momentum generated by the US pause of 50% trade tariffs against the EU starting Tuesday. A key propellant for Lloyds Bank share price is from its ongoing share buyback program.
The bank initiated a £1.7 billion share buyback program in February 2025 and will run until the end of the year. The program reflects the bank’s commitment to boost the value of shares held by investors, which presents an attractive value proposition, especially in view of its dividend history. Lloyds Bank (LSE: LLOY) forecasts its dividend to grow from 3.17p to 4p by 2027.
However, the upward momentum on Lloyds Bank share price will likely slow down heading into July when the market expects UK Supreme Court ruling. While the bank already set aside £1.2 billion to settle potential claims from aggrieved clients, some analysts opine that the final figure could be much higher. Nonetheless, the bank has a strong balance sheet and relatively healthy fundamentals that will likely help it stay afloat.
Lloyds Bank Share Price Prediction
Lloyds Bank share price will likely head further up above 77.36p pivot. With the buyers in control, the stock will likely encounter the first barrier at 78.14p. Breaking above that level will signal a stronger momentum that could clear the path to test 78.72p.
Conversely, going below 77.36p will invite the sellers to take control. With that, the first support could come at 76.50p. Breaking below that level will invalidate the upside narrative. Also, an extended control by the sellers could send the price lower to test 75.60p.
