LONDON, June 27, 2026, 15:03 BST
- Lloyds Banking Group plc (LON:LLOY) slipped 0.77% on Friday to finish at 109.20p. The stock still gained 3.9% for the week.
- Shares jumped 3.90% on Monday, and that was it for the week. By Friday’s close, the stock ended right where it started on Monday.
- Friday’s trading saw 193.81 million shares move, which was roughly 22% higher than the average volume of 158.74 million on Google Finance.
- Next up are the June 30 motor finance rollout and Lloyds’ half-year earnings and strategy update on July 30.
Lloyds Banking Group plc (LON:LLOY) went lower on Friday, dropping 0.77% to close at 109.20 pence. That was weaker than the FTSE 100 (INDEXFTSE:UKX), which shed 0.21%. London trading was shut Saturday.
Lloyds finished the week up 3.9% at 109.20p, compared with last Friday’s 105.10p close. But all of the gain was on Monday, when shares jumped 3.90% to 109.20p and then held flat through Friday. Five-day volume totaled about 905.9 million shares, or 181.2 million a day.
Lloyds isn’t acting like a beaten-down rebound play now. Google Finance put its 52-week high at 114.60p, while Friday’s close was just 4.7% off that level. Volume hit 193.81 million shares on Friday, well over the 158.74 million average, so the late-week pause came on stronger trade.
BoE hike calls are still in flux. BofA Global Research, the research arm at Bank of America Corp (NYSE:BAC), cut its outlook for Bank of England rate hikes this year on Thursday. The team said it was a tight decision. BofA pointed to a chance of another hike if inflation comes back up. Traders are still pricing in at least one 25-basis-point hike by year-end after the BoE left rates at 3.75% in June.
Lloyds is watching whether rates hold at higher levels long enough to support net interest income, not just the next rate move. In April, Lloyds reported first-quarter underlying net interest income up 8% to £3.6 billion, with banking net interest margin at 3.17%. The bank expects full-year underlying net interest income above £14.9 billion, repeating its April guidance. CEO Charlie Nunn said Lloyds is “confident in our delivery for the year ahead” and will present a new strategy at the half-year results. EQS News
Berenberg’s Michael Christodoulou is less bullish on Lloyds’ stock price than on the overall UK bank profit outlook. In a June 24 research note seen by Investing.com, Berenberg initiated coverage on Lloyds with a “hold” rating and a 117p price target, about 7% higher than where the shares finished on June 23. Barclays (LON:BARC) and NatWest Group (LON:NWG) got “buy” calls. For Lloyds, Berenberg expects short-term profitability to be “hedge-driven” and described the current valuation as giving “limited room for positive surprise.” Investing
Motor finance is on the other side of the trade. The Financial Conduct Authority’s proposed redress scheme will return £7.5 billion to customers, with millions of claims to be settled in 2026 and most of the rest winding up by the end of 2027. Firms have a June 30 deadline to get ready for loans issued from April 1, 2014, and until Aug. 31 for loans before that.
Lloyds said in April it was not planning to fight the FCA’s £9.1 billion compensation scheme in court, according to Reuters, which cited the Financial Times. At the time, a Lloyds spokesperson said the lender disagreed with the FCA’s findings but thought progressing with the scheme was best for customers and shareholders.
Lloyds shares have run up 3.9% this week, but the heavy lifting looks done for now. The price is up as investors look to own a domestic bank, even though the redress process isn’t finished. Lloyds has pitched its 2026 story on net interest, tighter costs, and capital. Investors are now waiting for fresh figures, with the stock flat from Tuesday to Friday’s close.
Lloyds is set to release its half-year earnings and a new strategy update on July 30. The bank’s investor calendar also shows a Q3 interim management statement on Oct. 29.
