Lloyds Banking Group

LYG

Market cap $81.7B

JP Morgan has said it expects UK banks to upgrade their revenue forecasts for 2026 after a sharp repricing of interest rate expectations, with the Wall Street bank's analysts flagging NatWest Group PLC (LSE:NWG) and Lloyds Banking Group PLC (LSE:LLOY) as the most likely candidates for guidance increases. The note, authored by analysts Sheel Shah and Kian Abouhossein, argues that short-term interest rate (STIR) markets have moved more dramatically in the UK than elsewhere, with forward pricing now implying one rate rise compared with two cuts expected before the Iran war began.

Lloyds Banking Group will not launch a legal ​challenge against the UK financial regulator's 9.1 billion pound ($12.25 billion) compensation ‌scheme for consumers who were allegedly mis-sold car finance, the Financial Times reported on Friday.

Standard Life PLC (LSE:SL.) could see a significant uplift to earnings if it acquires Aegon's UK arm, according to JPMorgan, which assessed potential buyers for the business under review.

Lloyds Banking Group PLC (LSE:LLOY) has been upgraded by Citigroup as the US bank's analysts see European lenders as likely to benefit from a stronger outlook for interest rates due to the ongoing economic shockwaves from the Iran war. Events in Iran have shifted the market's rate expectations, with the forward curve now implying two interest rate rises from the European Central Bank this year.

Lloyds Banking Group PLC's (LSE:LLOY) decision not to increase provisions for motor finance compensation appears justified, according to analysts at Shore Capital, although uncertainty around the final cost remains. The UK's largest lender previously set aside £1.95 billion to cover potential redress for the misselling issue.

Lloyds Banking Group PLC (LSE:LLOY) said it "does not currently believe" it will need to make any change to its provisions for the motor finance compensation scheme, following the final guidance issued by the financial watchdog at the start of the week.  The Financial Conduct Authority said on Monday night that millions of motor finance customers should receive larger compensation than its previous guidance in October.

Lloyds share price jumped by over 4% on Wednesday as British stocks rebounded, with the FTSE 100 Index rising by over 1.8%. It jumped to 96.10p, up by 10% from its lowest point in March.

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The UK financial watchdog confirmed on Monday night that millions of motor finance customers should receive larger compensation under a scheme for those affected by misselling.  An average of £830 compensation is expected this year, the Financial Conduct Authority said, for people treated unfairly by firms who broke the law by failing to disclose important information.

Lloyds Banking ​Group is bracing for ‌a lawsuit by ​more ​than 30,000 consumers ⁠seeking ​66 million ​pounds ($87.87 million) in damages about ​mis-sold ​car loans, the ‌Financial ⁠Times reported on Friday.