LYG Stock Recent News

Lloyds Banking Group PLC (LSE:LLOY) is Jefferies' top UK banking pick, with analysts highlighting its market dominance, solid financial position, and strong earnings outlook. The investment bank has set a price target of 85p for the stock, implying 21% upside from current levels.

Lloyds Banking Group is hiring hundreds of IT engineers in India, while planning to cut hundreds of similar jobs in the UK, the Financial Times reported on Friday citing a person familiar with the plans.

Citi has ranked Lloyds Banking Group PLC (LSE:LLOY) as the 'least preferred' UK bank in its coverage, assigning the lender a 'neutral' rating and expressing concerns over its ability to deliver upside surprises. While UK banks have seen strong year-to-date gains, with shares rising between 9% and 303%, Lloyds has been one of the top performers alongside Standard Chartered.

Lloyds Banking Group PLC (LSE:LLOY) was given a boost on Tuesday as analysts at Morgan Stanley and Peel Hunt upped their expectations and raised share price targets.  Morgan Stanley upgraded its rating on the shares to 'overweight' from 'equalweight' and raised its price target to 90p from 70p.

Lloyds Banking Group PLC (LSE:LLOY) got a boost (of sorts) from Peel Hunt, which raised its price target by 17% to 70p following a strong end to 2024. The bank's fourth-quarter underlying profit before tax came in 13% ahead of consensus, even after setting aside an additional £700 million for motor finance provisions.

LONDON, Feb. 27, 2025 (GLOBE NEWSWIRE) -- Lloyds Bank plc announces that on 27 February 2025 it filed its Annual Report on Form 20-F for the year ended 31 December 2024 with the Securities and Exchange Commission. A copy of the Form 20-F is available through the 'Investors' section of our website at www.lloydsbankinggroup.com and also online at  www.sec.gov Shareholders can receive hard copies of the complete audited financial statements free of charge upon request.

Shares in Lloyds Banking Group PLC (LSE:LLOY) jumped 3.5% after Deutsche Bank raised its price target from 80p to 88p while maintaining its 'buy' recommendation. It cited strong revenue growth, book value expansion, and robust capital returns as key drivers of its optimism.

RBC Capital has raised its price target for Lloyds Banking Group PLC (LSE:LLOY) from 60p to 70p, reflecting stronger forecasts for the bank's earnings and shareholder returns. The bank's latest results showed steady progress, with rising net interest income and lower-than-expected costs helping to support profitability.

Lloyds Banking Group PLC (LSE:LLOY) and other motor finance lenders paid large upfront commissions to individual car dealerships, according to a report from the Guardian. The newspaper said court documents showed the lenders made these payments, with the filings state that the practice encouraged the car salespeople to favour those loan providers even if it would result in higher payments for the buyer.

Lloyds Banking Group delivered solid fourth quarter results, although another round of motor commission provisions drove a bottom line miss. Underlying trends were better for the bank. Hedge income continues to power net interest margin expansion, which will be a tailwind this year and next, while asset quality remains resilient. These shares trade for a little under 1.3x tangible book value, justified by the bank's strong underlying profitability and the prospect of increasing capital returns.