LSE:LLOY 18 November 2025 - 2 December 2025

Lloyds Banking Group has gone from “perennial value trap” to one of 2025’s hottest large‑cap bank stocks. As of the close on 2 December 2025, Lloyds’ London‑listed shares trade around 96p, right next to a fresh 10‑year high of 96.92p, giving the bank a market value of roughly £56.7bn. Over the past year the share price is up about 80%, with a year‑to‑date return of roughly 74%, crushing the FTSE 100’s ~18–19% gain over the same period. Hargreaves Lansdown+2Yahoo Finance+2

Lloyds Banking Group shares have been one of 2025’s hottest major UK stocks. Here’s how much early‑year investors could be sitting on today, what’s driving the rally, and why fresh warnings suggest 2026 may not be as smooth.

Lloyds Banking Group plc spent Friday trading just below a fresh 52‑week high, as investors digested this week’s UK Budget, new data from the bank’s own Business Barometer survey, and lingering regulatory risks from the motor finance scandal.

Lloyds Banking Group ended Monday’s London session slightly higher, as investors weighed a fresh listing of 195 million new shares against ongoing buybacks, the planned acquisition of fintech Curve and a mixed macro backdrop for UK banks.

After years of being one of the UK market’s biggest underperformers, Lloyds Banking Group has staged a striking comeback in 2025. The share price has surged roughly 60–65% year to date and recently touched a 10‑year high, comfortably beating the FTSE 100 and most domestic peers. Yahoo Finance+2fool.co.uk+2

Lloyds Banking Group’s share price eased back on Friday, 21 November 2025, as investors digested a fresh block listing of 195 million shares and continued to weigh the bank’s big push into digital wallets via the Curve acquisition.

Lloyds Banking Group’s share price is trading slightly higher this morning as markets continue to digest its controversial acquisition of fintech Curve, a steady stream of share buybacks, and shifting expectations for UK interest rates after inflation dropped to 3.6%.

Lloyds Banking Group’s share price edged lower on Wednesday 19 November 2025, as investors digested a busy news day that included the acquisition of fintech Curve, a restructuring of the bank’s trading operations and fresh UK inflation data that could signal lower interest rates ahead.