The Lloyds share price will be in the spotlight this week as investors wait for the company’s half-year earnings scheduled...
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 FTSE 100 index retreated sharply in the futures market as investors remained concerned about the rising number of Covid...
Lloyds share price continued to suffer losses for the fourth day running after a massive IT glitch caused an outage...
Lloyds share price fell steeply on Monday as fears over a spike in coronavirus infections in the UK amid a...
Lloyds share price fell on Friday in response to the unexpected hawkish turn of events at the Bank of England....
The Lloyds share price is holding steady as investors brace themselves for the upcoming US bank results. The stock ended...
Lloyds share price fell this Monday after the Financial Conduct Authority (FCA) fined the bank 90.6 million pounds for providing misleading...
Lloyds share price is down today as the technical picture on the daily chart heightened the chances of a deeper...
The Lloyds share price will be in the spotlight today after the relatively weak UK house price index (HPI) data....
Lloyds share price is up 2.21% on the day, as the bank looks to forge new partnerships to grow its...