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Cryptocurrency News Articles

Lloyds Bank (LLOY) share price rose to its highest since November 2015

May 20, 2025 at 05:20 pm

Lloyds Bank (LLOY) share price rose to its highest since November 2015 on Tuesday, hitting 77.18p

Lloyds Bank (LLOY) share price rose to its highest since November 2015

Lloyds Bank (LSE:LLOY) share price on Tuesday rose to its highest since November 2015, hitting 77.18p in the first hour of trading as it extended its post-earnings call upward momentum. The stock has gained 4.7% in the last five sessions and is up by 41% year-to-date, rendering a strong bullish hold. The performance is especially noteworthy given the looming Supreme Court verdict on the car miss-selling scandal set for July.

The bank reported revenues of $5.87 billion in Q1 2025, beating consensus estimate of $5.83 billion. In addition, its EPS also beat estimates by 8.7%. The bank set aside $133 million to cushion itself against the impact of trade tariff war. However, the signing of a trade deal between the US and the UK, as well as the US-China tariff cut for ninety days has freed up a substantial portion of that money.

Lloyds Bank is the most exposed UK lender in as far as the car mis-selling scandal is concerned. It set aside £1.1 billion to cover potential costs emanating from the case should the Supreme Court rule against it. However, those costs could potentially go higher. Conversely, a favourable ruling in July could strengthen its balance sheet and bring strong propulsion to its share price.

Moreover, the UK’s economy grew by 0.7%in the first quarter, up from 0.1% in Q4 2025. That raises the prospect of a stronger growth in subsequent quarters for the bank’s primary market, rendering support to its share price. Meanwhile, the RSI on Lloyds Bank share price is at 70 on the daily chart, showing strong upside momentum, but indicating overbought conditions. That will likely define the near-term LLOY price action.

Lloyds Bank Share Price Prediction

Lloyds Bank share price pivots at 76.90p and the upside will likely prevail if action stays above that level. The first barrier will likely be at 77.24p. Breaking above that barrier will signal a stronger momentum that could potentially push the price higher to test 77.50p.

On the other hand, going below 76.90p will signal the onset of control by the sellers. That will likely see the first support established at 76.50p. Breaking below that level will invalidate the upside narrative. In addition, an extended control by the sellers could take the price lower and test 76.00p.

Original source:investingcube

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