Lloyds Banking Group (LON:LLOY – Get Free Report) posted its quarterly earnings data on Thursday. The financial services provider reported GBX 4.80 EPS for the quarter, Digital Look Earnings reports. Lloyds Banking Group had a return on equity of 10.75% and a net margin of 25.91%.
Lloyds Banking Group Trading Up 3.8%
LLOY stock traded up GBX 4.23 during midday trading on Thursday, hitting GBX 115.58. 181,531,141 shares of the company’s stock were exchanged, compared to its average volume of 178,855,000. Lloyds Banking Group has a 1-year low of GBX 74.43 and a 1-year high of GBX 116.20. The stock has a market capitalization of £67.23 billion, a PE ratio of 15.21, a P/E/G ratio of 1.84 and a beta of 0.91. The business has a 50-day simple moving average of GBX 107.14 and a two-hundred day simple moving average of GBX 102.52.
Analyst Ratings Changes
A number of brokerages have recently commented on LLOY. JPMorgan Chase & Co. reduced their target price on shares of Lloyds Banking Group from GBX 171 to GBX 121 and set a “neutral” rating for the company in a research report on Monday, April 13th. Berenberg Bank reiterated a “hold” rating and issued a GBX 117 price objective on shares of Lloyds Banking Group in a report on Wednesday, June 24th. Jefferies Financial Group restated a “buy” rating and set a GBX 125 target price on shares of Lloyds Banking Group in a report on Wednesday, April 29th. Shore Capital Group restated a “sell” rating on shares of Lloyds Banking Group in a research report on Thursday, April 30th. Finally, Citigroup lifted their price objective on Lloyds Banking Group from GBX 114 to GBX 123 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Six analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 113.80.
Lloyds Banking Group News Roundup
Here are the key news stories impacting Lloyds Banking Group this week:
- Positive Sentiment: First-half profit reportedly rose 23% to approximately £4.3 billion, with results beating expectations. The performance strengthens confidence in Lloyds’ earnings momentum and financial position. Lloyds Profit Beats Estimates as UK Lender Plots 2030 Plan
- Positive Sentiment: Management plans to remove another £2 billion of costs by 2030 and is using approximately 800 artificial-intelligence models to improve efficiency. The strategy targets return on tangible equity above 18% in 2028 and around 20% in 2030, offering potential upside to future profitability. Lloyds Bank to Cut £2bn Costs as Part of AI-Powered Strategy
- Positive Sentiment: Lloyds continued its share-buyback programme and cancelled additional repurchased shares. Reducing the share count can support earnings per share and signals that management views returning capital to shareholders as a priority. Lloyds Advances Share Buyback With Fresh Share Cancellation
- Neutral Sentiment: Lloyds announced changes affecting the ranking of certain preference shares and additional tier-one securities, including a push-down mechanism that moves preference shares toward Tier 2 treatment. The changes relate mainly to capital structure and regulatory positioning rather than near-term operating earnings. Lloyds Changes Preference Share Ranking
- Negative Sentiment: Bank of America reiterated a Hold rating, saying Lloyds’ solid results are largely reflected in its valuation. Its GBX 130 price target implies some potential upside, but the cautious rating may limit enthusiasm. Lloyds Hold Rating Reiterated
- Negative Sentiment: Coverage also highlighted potential political pressure for higher taxes on banks, while Lloyds’ half-year materials cited economic, regulatory, geopolitical, credit and technology risks. These factors could weigh on future returns and the execution of its 2030 targets. Lloyds Profits Rise Amid Calls for Bank Tax Increases
About Lloyds Banking Group
We are the largest UK retail and commercial financial services provider with over 25 million customers and a presence in nearly every community.
The Group’s main business activities are retail and commercial banking, general insurance and long-term savings, provided through the largest branch network and digital bank in the UK, with well recognised brands including Lloyds Bank, Halifax, Bank of Scotland and Scottish Widows.
Our shares are quoted on the London and New York stock exchanges and we are one of the largest companies in the FTSE 100 index.
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