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Lloyds Banking: Buy Rating Affirmed on Strong NII Growth and Manageable Risks
TipRanks (Tue, 4-Mar 1:55 AM ET)
Benzinga (Sun, 2-Mar 9:00 AM ET)
Lloyds is a retail and commercial bank headquartered in the United Kingdom. The bank operates via three business segments: retail, commercial banking, and insurance and wealth. In retail, Lloyds offers primarily mortgages (66% of loan portfolio), credit cards, and current accounts to its customers. Its commercial banking operation provides lending, transaction banking, working capital management, and debt capital market services to large companies and financial institutions in the UK Insurance and wealth rounds out the product lineup with life and property insurance as well as pension solutions and high-net-worth asset-management services.
Lloyds Banking Group PLC American Depositary Shares trades on the NYSE stock market under the symbol LYG.
As of March 4, 2025, LYG stock price climbed to $3.80 with 49,209,576 million shares trading.
LYG has a beta of 0.87, meaning it tends to be less sensitive to market movements. LYG has a correlation of 0.15 to the broad based SPY ETF.
LYG has a market cap of $57.60 billion. This is considered a Large Cap stock.
In the last 3 years, LYG traded as high as $3.82 and as low as $1.70.
The top ETF exchange traded funds that LYG belongs to (by Net Assets): AVDE, DFIV, DFIC, AVIV, APIE.
LYG has outperformed the market in the last year with a price return of +68.0% while the SPY ETF gained +13.8%. LYG has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +41.3% and +18.0%, respectively, while the SPY returned -4.2% and -5.4%, respectively.
LYG support price is $3.62 and resistance is $3.75 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that LYG shares will trade within this expected range on the day.