Maybe this suggestion wasn’t too fanciful. After all, Lloyds’ valuation is a lot higher now than it was back then. It’s climbed another 4% in value today, following an encouraging Q1 trading update.
Why is the Lloyds share price flying?
Thanks to an improving outlook on the UK economy, pre-tax profit for the first three months of 2021 came in at £1.9bn. This is clearly a vast improvement on the paltry £74m achieved over the same period in 2020. The latest number also beat market expectations, suggesting the Covid-19 hangover won’t be quite as bad as originally feared.
Loans and advances at Lloyds increased slightly to £443.5bn in the three months to the end of March. As … Read more