LYG Stock Summary and Trading Ideas (Lloyds Banking Group PLC American Depositary Shares | NYSE:LYG)

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 corporates and financial institutions in the U.K. 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 April 19, 2024, LYG stock price climbed to $2.52 with 8,301,376 million shares trading.

LYG has a beta of 0.97, meaning it tends to be less sensitive to market movements. LYG has a correlation of 0.22 to the broad based SPY ETF.

LYG has a market cap of $39.92 billion. This is considered a Large Cap stock.

In the last 3 years, LYG stock traded as high as $3.00 and as low as $1.70.

The top ETF exchange traded funds that LYG belongs to (by Net Assets): AVDE, DFIV, DFIC, APIE, LEGR.

LYG stock has underperformed the market in the last year with a return of +10.0%, while SPY returned +21.2%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in LYG shares. However, LYG has outperformed the market in the last 3 month and 2 week periods, returning +19.3% and -1.4%, while SPY returned +3.0% and -4.5%, respectively. This indicates LYG has been having a stronger performance recently.

LYG support price is $2.47 and resistance is $2.55 (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 stock will trade within this expected range on the day.