The Lloyds share price staged a strong recovery last week, jumping 5% and clearing several key resistance levels in the...
Lloyds share price
Lloyds Banking Group PLC (LON: LLOY) is one of the largest financial institutions in the UK, with over 30 million customers globally. In addition, the bank has a presence in multiple European countries, the United States, Asia and the Middle East. The bank’s history dates back to 1695, when the Bank of Scotland was founded but has been evolving to date.
Lloyds Bank as we know it today resulted from a merger between Lloyds TSB and HBOS in 2009, which created the enlarged banking group.
The bank’s share price rose to a 5-month high on October 14, 2021, after analysts at Barclays investment bank singled it out as a top banking stock. The analysts predicted that Lloyd’s shares could rise another 11% in the future.
Analysts at the Bank of America (BoA) also had a similar view of Lloyd’s bank, including it in their list of top UK banking stocks likely to outperform their peers.
JPMorgan analysts noted that Lloyds bank could outperform other UK banks due to its vast branch network, which could be used to service complex customer needs results in higher fee revenues.
The bank’s recovering top-line results could also play a key role in its future performance as its consumer business recovers.
However, Lloyds bank faces a threat from rising digital banks that offer competing services and do not have the high costs of operating a physical branch network.
Lloyds share price news
The Lloyd’s share price crashed by more than 0.70% on Monday as UK banks sold off. The stock is trading...
Lloyds share price is up today but is barely hanging on to its gains as it seeks to make it...
The Lloyds share price will be in the spotlight on Thursday as the Bank of England (BOE) concludes its two-day...
The Lloyd’s share price is in a tight range as investors reflect on the latest UK inflation and employment data....
As of writing, Lloyds share price has risen 1.95% as the bank’s stock seeks to make it three winning days...
Lloyd’s share price has been under pressure in the past few weeks as investors assess the bank’s entry into the...
Lloyd share price is slightly lower on the day, as the company finds itself in the law courts once more...
The Lloyds share price had a relatively difficult month in August. The LLOY stock declined by more than 4% in...
The Lloyds share price has been in a relatively tight range this week as investors reflect on the bank’s decision...