Lloyds share price remains close to its 2012 lows as uncertainties on when the country will reopen remains. The shares are trading at £32.60, which is close to its YTD low of £27.72. Register to learn more.
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
Lloyds share price continues its relentless selloff which was kicked off by the UK government’s sale of nearly all of...
Lloyds share price swayed side to side as investors reacted to the weak manufacturing and services data from the United...
Lloyds share price crawled higher today as investors braced for a blockbuster statement by management on Thursday.
Lloyds share price tumbled today after net income dropped by 95%. The loss was mostly because of provisions for bad...
Lloyds share price jumped by more than 1% as the UK started paving a way for easing the current lockdown. Investors also ignored the weak services PMI data and the disappointing auto sales numbers from the UK.
Lloyds share price tumbled by more than 35 basis points as the market grew concerned about Brexit, negative interest rates, and the health of the UK economy. Shares of the UK bank are now trading at p28.52, which is close to its lowest level since 2012.
Lloyds share price declined by more than 2% as the market reacted to new bond yields in the UK. Shares of other banks like Barclays, Standard Chartered, and HSBC declined by more than 1%.
Lloyds share price has been on an upward momentum in the past one month. The stock is up by more...
Lloyds Banking Group extends gains for the sixth consecutive session as investors continue to bid stocks the heavily battered during...