Lloyds Banking Group

LYG

Market cap $79.5B

Lloyds Bank share price rose for two consecutive days, beating some of its top rivals like NatWest and Barclays. It rose modestly as the company mapped plans to expand in the United States, as it targets the fast-growing data center business.

Base case now assumes banking surcharge will rise from 3% to 5%. JP Morgan has warned that UK banks are likely to be caught in the crossfire of Labour's evolving domestic political landscape, with the broker now assuming as its base case that the banking surcharge will rise from 3% to 5%.

The FTSE 100 Index retreated for the fourth consecutive day, reaching its lowest level since March 30th. It has dropped by over 6.30% from its highest point this year as geopolitical risks jumped.

Lloyds share price retreated on Tuesday this week, reaching its lowest level in over a week as investors sold bank stocks after the weak HSBC earnings report. It dropped to 94.90p, down modestly from this month's high of 105.06.

High street bank's shares trade at 6% discount to sector despite forecast earnings growth of 17% and a 10% distribution yield UBS has upgraded Lloyds Banking Group PLC (LSE:LLOY) to 'buy' and raised its price target to 115p from 110p, arguing that weak sentiment towards UK domestic banks has created an attractive entry point into a franchise offering sector-leading earnings growth and a double-digit distribution yield. The Swiss bank's analysts Jason Napier and Sanjena Dadawala said Lloyds is trading at a 6% discount to European banking sector peers on 2027 earnings, at 8.5 times forecast earnings per share against a sector average of 9.0 times, despite what UBS described as stronger growth prospects than that valuation implies.

LONDON, April 29, 2026 (GLOBE NEWSWIRE) -- Lloyds Bank plcQ1 2026 Interim Management Statement29 April 2026

Shore Capital has reiterated its 'sell' recommendation on Lloyds Banking Group PLC (LSE:LLOY) with a 91p target price, arguing that a strong first-quarter performance is already reflected in a share price that has gained 34% over the past year. The broker pointed out that the stock is trading at approximately 1.7 times first-quarter tangible net asset value, a level it considers stretched given the risks still facing the group.

Lloyds Banking Group PLC (LSE:LLOY) reported strong growth in first-quarter profit as higher income and improved margins met slightly lower costs. The UK lender posted statutory profit before tax of £2.0 billion for the three months to 31 March 2026, up 2% from the final quarter of last year and 33% from the first quarter.

Lloyds Banking Group on Wednesday posted 2.025 billion pounds ($2.74 billion) in pretax profit for the first quarter.

Lloyds Banking Group on ​Wednesday reported its ‌first quarter profit rose 33%, beating analysts' ​forecasts, and said ​it was on track ⁠to meet its ​performance goals for ​the year as it increased lending income while trimming operating costs.