Stock of the Week: Lloyds

Shares in the former bailed-out bank are up sharply since last year, but the company is still exposed to the ups and downs of the UK economy

James Gard 11 June, 2021 | 11:14AM
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Stock of the week post-it

We asked our Twitter followers to choose a UK bank as stock of the week and they’ve gone for Lloyds Banking Group (LLOY), whose shares are on a strong run this year after collapsing in 2020 as banks got clobbered during the pandemic sell-off.

Lloyds and NatWest (formerly Royal Bank of Scotland) were the two UK banks bailed out by the Government during the global financial crisis of 2008. In 2017, the state sold its last remaining stake in Lloyds in 2017 but it’s still a 60% owner in NatWest. Lloyds owns high street bank brands Halifax, Bank of Scotland and pension provider Scottish Widows.

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James Gard  is content editor for Morningstar.co.uk

 

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