London, Jan 25, 2026, 08:35 GMT — Market closed
- Lloyds closed Friday at 101.65 pence, slipping 0.25% following a volatile session.
- Deutsche Bank Research raised its price target for Lloyds to 110p, maintaining a “buy” rating.
- Traders eye Thursday’s full-year results, focusing on margins, capital returns, and new legal developments.
Lloyds Banking Group shares ended Friday at 101.65 pence, slipping 0.25 pence as investors braced for the bank’s full-year results due later this week. The stock fluctuated between 101.35 and 102.30 pence, with roughly 92.6 million shares traded. (Share Prices)
Markets were closed Sunday, so all eyes turn to Monday’s open — then Thursday’s data. Lloyds, a heavyweight in UK financials, offers a key gauge on domestic demand. Its guidance can sway sentiment far beyond just its own shares.
Rates remain the immediate focus. UK lenders have relied on rising interest rates to lift their income, yet investors are now wrestling with how fast that advantage will disappear and what impact it will have on dividends and buybacks.
London stocks slipped slightly on Friday, with banks dragging down the FTSE 100 as risk appetite waned. Official figures revealed British retail sales rose unexpectedly in December, providing a rare bright spot for the consumer outlook that Lloyds depends on. (Reuters)
Broker activity stirred the pre-earnings chatter. Deutsche Bank Research bumped up its Lloyds price target to 110 pence from 100 pence, keeping a “buy” rating. The same note also saw upgrades for NatWest and Barclays. (Share Prices)
This weekend saw legal risks re-emerge. The Times reported that hedge fund Elliott and property magnate Jeff Fairburn are suing Lloyds over roughly £107 million tied to cladding remediation at Avant Homes. According to the paper, Lloyds has rejected the claim and intends to fight it. (The Times)
There’s been talk of deals, though Lloyds is reportedly pulling back. Financial News says Lloyds has exited the race for wealth manager Evelyn Partners, leaving Barclays and NatWest to battle it out. (F London)
Thursday’s focus will be on the typical pressure points: net interest margin—the gap between what the bank earns on loans versus what it pays on deposits—mortgage competition signals, and changes in credit quality. Discussion around capital distribution could prove just as important as the reported profit for this stock.
It can flip quickly, though. A cautious income forecast, a sharper drop in rates, or fresh legal or remediation costs might undermine a bank long seen as a safe, domestic rate bet.
Lloyds will release its full-year results for 2025 on Thursday, Jan. 29, at 7 a.m., with a presentation by CEO Charlie Nunn and CFO William Chalmers set for 9:30 a.m., according to the company’s investor page. (Lloyds Banking Group)
Looking ahead, UK banks also have the Bank of England’s next MPC decision and report on Feb. 5 to watch closely. (Bankofengland)
