This year has been good to shareholders of Lloyds Banking Group (LSE: LLOY). With the economy bouncing back strongly from 2020’s lows, it has seen its loan losses plummet and earnings rebound. Hence, the Lloyds share price has surged from its January low. But what might 2022 hold for the UK’s largest lender?
The fall and rise of the Lloyds share price
Before Covid-19 crashed global markets, the Lloyds share price was doing fine. On 16 December 2019, it hit its 2019 closing high of 67.25p, before ending the year at 62.5p. Then along came coronavirus to spoil the fun. During the London market meltdown of spring 2020, Lloyds closed at 27.73p on 3 April. But the worst was yet to come, with the shares bottoming out at 23.58p on 22 September 2020. At the time, I thought this was crazy, so I said so.
Lloyds stock duly … Read more