Lloyds Share Price UK: 97.96p After 2.17% Rise on Monday

Last Updated: 10 November 2026

The lloyds share price uk closed at 97.96p on Monday 9 November 2026, rising 2.08p, or 2.17%, on the day as UK bank shares enjoyed a broad rally. The gain lifted Britain’s biggest high street lender back towards the 98p mark after a bruising fortnight in which the shares had slid from above 100p following strong but uninspiring third-quarter results and a higher bank tax in the Autumn Budget. For investors watching the lloyds share price uk, the Monday rebound was a welcome change of direction, but it still leaves the shares well below the 52-week high of 123.10p reached in October.

Lloyds Banking Group sits at the heart of the UK economy. It owns Lloyds Bank, Halifax, Bank of Scotland and Scottish Widows, and it is the country’s biggest mortgage lender, which means its fortunes are tied closely to UK house prices, interest rates and household finances. That is why the lloyds share price uk is one of the most searched stock prices in Britain.

What is the lloyds share price uk today? The lloyds share price uk closed at 97.96p on Monday 9 November 2026, up 2.08p (2.17%) from Friday’s close of 95.88p. The FTSE 100 rose 1.02% to 10,782.87. No Tuesday close was available when this article was written, so 97.96p is the latest verified closing price.

Lloyds Share Price UK Today: The Latest Figures

The most recent verified close for the lloyds share price uk is 97.96p, recorded at the end of trading on Monday 9 November 2026. The shares opened at 95.88p, the same as Friday’s close, climbed to a day’s high of 98.14p and never fell below 95.28p. Around 138.6 million shares changed hands, a busy session by recent standards, and the bank finished the day comfortably ahead of the wider market.

What does a share price actually mean? In simple terms, the share price is the price at which one ordinary share in Lloyds Banking Group last changed hands on the London Stock Exchange, where the shares trade under the ticker LLOY. Multiply that price by the number of shares in issue and you get the market capitalisation, the total value the stock market puts on the whole company. At 97.96p, Lloyds is valued at roughly £55.7 billion, making it one of the largest companies in the FTSE 100.

Measure	Figure
Lloyds share price (close, 9 Nov 2026)	97.96p
Change on the day	+2.08p (+2.17%)
Previous close (6 Nov 2026)	95.88p
Day’s range	95.28p – 98.14p
Shares traded	About 138.6 million
Market capitalisation	About £55.7 billion
52-week range	84.64p – 123.10p
Price-to-earnings ratio	About 10.2
Stock exchange and ticker	London Stock Exchange: LLOY

Context matters as much as the headline number. The lloyds share price uk has now risen in four of the last five sessions, recovering from the post-results dip that took the shares down to 93.50p at the close on 30 October. Even after Monday’s rise, the shares remain about 20% below the 52-week high of 123.10p, touched in mid-October, and the price-to-earnings ratio of about 10.2 shows the market still values Lloyds more cheaply than the wider stock market average.

Why Lloyds Shares Rose on Monday

Monday’s 2.17% rise did not happen in isolation. The FTSE 100 gained 1.02% to close at 10,782.87, and bank shares were among the strongest performers as investors continued to digest the Autumn Budget and the latest round of results. Lloyds outperformed the wider index, which suggests buyers were specifically warming to the bank rather than simply riding a rising market.

Part of the story is a rebound from oversold levels. The lloyds share price uk had fallen sharply after the third-quarter results on 29 October, when the shares dropped about 3% in a single day despite a 42% jump in nine-month profit. A fall like that often attracts buyers who think the reaction went too far, especially when the underlying business is still growing and paying dividends. Monday’s volume of about 138.6 million shares shows plenty of investors were willing to step in.

The wider mood towards UK banks has also steadied since Budget day. Chancellor John Healey’s decision to raise the bank surcharge was smaller than many investors had feared, and the shares of Lloyds, Barclays and NatWest all rose on the day of the Budget itself. With the immediate tax uncertainty out of the way, attention has shifted back to the bank’s earnings power, its dividend and its buyback programme, all of which look supportive at the current level of the lloyds share price uk.

The £6.6 Billion Profit Story Behind the Price

The most important numbers behind the lloyds share price uk are not the daily ups and downs but the profits the bank is actually making. On 29 October 2026, Lloyds reported statutory profit before tax of £6,625 million for the nine months to 30 September 2026, up 42% from £4,678 million a year earlier. Statutory profit after tax rose 46% to £4,835 million, and earnings per share climbed to 7.6p from 4.8p.

The third quarter alone was strikingly strong. Pre-tax profit for July to September nearly doubled to £2,332 million, up 99% from £1,174 million a year earlier, and broadly in line with analysts’ forecasts of about £2.28 billion. Net income for the nine months rose 9% to £14.82 billion, helped by underlying net interest income of £11.08 billion, up 10% year on year, and a banking net interest margin of 3.21%.

Several things drove the improvement. A much smaller remediation charge of £61 million, compared with £912 million a year earlier, flattered the comparison, because the 2025 figure included £800 million set aside for motor finance commission arrangements. Underneath that, the bank earned more from its structural hedge, and customer lending grew by £14.4 billion, or 3%, to £495.5 billion over the nine months.

Returns also strengthened. Return on tangible equity, a key measure of how profitably a bank uses shareholders’ money, reached 17.9%, up from 11.9% a year earlier, and the common equity tier 1 capital ratio, a measure of financial strength, stood at 13.3%. Management reaffirmed all of its 2026 guidance, including underlying net interest income above £14.9 billion, a return on tangible equity above 16% and a cost-to-income ratio below 50%.

So why did the lloyds share price uk fall on results day if the profits were so strong? The answer is expectations. Investors had hoped for an upgrade to guidance, and instead Lloyds kept its targets unchanged and warned that net interest income growth in 2027 will be slower than in 2026, citing fierce competition for loans and deposits. The impairment charge for bad loans also rose to £926 million from £619 million. None of that changes the nine-month profit figure, but it changed what investors are willing to pay for the next year’s earnings.

The Budget Bank Tax: What the 6% Surcharge Means for Lloyds

No single event has shaped the lloyds share price uk in recent weeks more than the Autumn Budget on 28 October 2026. In his first Budget, Chancellor John Healey doubled the bank corporation tax surcharge from 3% to 6% on UK profits above £100 million. The higher rate applies for 15 months from January 2027 to 31 March 2028, taking the total tax rate on bank profits to 31%, on top of the standard 25% corporation tax rate.

The market’s first reaction was relief. Banks had feared a return to the former 8% surcharge rate, which was cut to 3% in 2023, and the 6% figure came in below that worst case. Lloyds, Barclays and NatWest shares rose between 1% and 4% after the announcement, and analysts described the move as smaller and shorter than expected.

The cost to Lloyds is real but limited. RBC Capital Markets estimates the higher surcharge will cut Lloyds’ 2027 net attributable profit by about 3.8%, while Shore Capital puts the hit to earnings at Lloyds and NatWest at around 4% next year. The Office for Budget Responsibility puts the total revenue from the measure at about £1.5 billion.

The bigger question for anyone following the lloyds share price uk is whether the increase will really end in March 2028. Morningstar analyst Niklas Kammer has warned there is a real possibility it could be extended, and Lloyds chief financial officer William Chalmers has called the rise “unhelpful” to growth and urged the government to keep it temporary. A 15-month tax rise is one thing; a permanent one would be priced very differently by the market.

Investors should also remember the timing. The surcharge does not bite until January 2027, so it has no effect on the 2026 profits Lloyds has already reported. What it does affect is the outlook for 2027 earnings, which is one reason brokers trimmed their price targets after the results.

Dividends and Buybacks: What Shareholders Get

For many holders, the attraction of the lloyds share price uk is not just the price itself but the cash the shares return. With its half-year results, the Lloyds board announced an increased interim dividend of 1.58p per share, up 30% on the 1.22p paid a year earlier. The shares went ex-dividend on 6 August 2026 and the payment was made on 15 September 2026.

The interim payment is only part of the story. The final dividend for 2025 was 2.43p per share, paid on 19 May 2026, and the final dividend for 2026 will be recommended by the board when the full-year results are published. At the current price, the shares yield roughly 3%.

Alongside the dividend, Lloyds announced its first ever half-year share buyback, worth up to £1 billion, with completion planned by 31 December 2026. A buyback reduces the number of shares in issue, which can support earnings per share and, indirectly, the share price, because each remaining share owns a slightly larger slice of the company. The board said the 30% dividend increase reflects its confidence in the bank’s strong capital position and future earnings.

Dividends are never guaranteed, and they can be cut if profits fall or regulators intervene, as investors learned during the pandemic. But Lloyds’ capital ratio of 13.3% and its stated target of generating capital above 200 basis points a year give the board room to keep returning cash while still investing in the business. Anyone checking the lloyds share price uk should look at the dividend alongside the price, because total return, price gain plus dividends, is what really matters over time.

What Analysts Think About the Lloyds Share Price UK

Broker views on the lloyds share price uk are mixed but tilted towards the positive side, with most targets sitting well above the current price. The consensus rating is Hold, based on nine analysts, with four rating the shares Buy, four Hold and one Sell, and an average price target of about 116p. That average implies roughly 18% upside from the 97.96p close, although targets are opinions, not promises, and they move frequently.

Several brokers trimmed their targets after the third-quarter results. Jefferies kept its Buy rating but cut its target to 126p from 127p on 4 November, and Barclays cut its target to 125p from 130p while keeping an Overweight rating. Berenberg lowered its target to 117p from 121p and kept a Hold rating, citing concerns about near-term earnings momentum. On the more optimistic side, UBS has a Buy rating with a 133p target, and Bank of America has kept a 140p target.

The spread of opinion tells its own story. Bulls point to the 17.9% return on tangible equity, the growing dividend, the £1 billion buyback and a price-to-earnings ratio of about 10, which looks cheap next to the wider market. Bears point to slowing income growth in 2027, the higher bank surcharge and intense competition for deposits. The Financial Conduct Authority’s motor finance redress scheme has been delayed, with an Upper Tribunal hearing due in February 2027, and Lloyds booked no new motor finance charges in the third quarter.

One useful way to read analyst targets is as a range rather than a single number. The published targets for the lloyds share price uk currently stretch from about 115p at the cautious end to 140p at the optimistic end, with most clustered between 117p and 133p. If the bank delivers its 2026 guidance and the surcharge really does end in March 2028, the top end of that range looks more plausible.

How to Check the Lloyds Share Price and What to Watch Next

Keeping up with the lloyds share price uk is straightforward, but it helps to know where to look and what the numbers mean. Free share-price pages usually show prices delayed by at least 15 minutes during the trading day, while the closing price, published after the market shuts at 4.30pm, is the figure most news reports quote. The shares trade on the London Stock Exchange under the ticker LLOY.

1. Check the closing price first. The close is the official end-of-day figure, so use it for day-to-day comparisons rather than a mid-session quote.
2. Look at the day’s range. The gap between the high and the low shows how volatile the session was, and a wide range often means big news moved the shares.
3. Compare with the FTSE 100. If Lloyds rises while the index falls, the move is specific to the bank, and if both move together, it is probably a market-wide story.
4. Read the company’s own updates. Lloyds publishes results and trading statements on its investor relations pages, which are the most reliable source for profits, dividends and guidance.
5. Watch the calendar. The next tests are the full-year results in early 2027, the February 2027 motor finance hearing and any government hint about whether the bank surcharge will end in March 2028.

There are several dates worth marking for anyone following the lloyds share price uk. On 11 November, chief financial officer William Chalmers joins a fireside chat at a UBS European Conference, where investors will listen for any fresh comment on the 2027 outlook. The full-year results, expected in early 2027, will confirm whether Lloyds hit its guidance for underlying net interest income above £14.9 billion and a return on tangible equity above 16%.

For readers comparing bank shares, our BT share price coverage follows the same format, and our National Grid share price UK article covers another FTSE 100 income stock. The Lloyds Banking Group investor relations pages carry the official results announcements, and the AJ Bell quote page for LLOY shows the live price, recent trades and performance data.

Conclusion

The lloyds share price uk closed at 97.96p on Monday 9 November 2026, up 2.17% on the day and recovering some of the ground lost after the third-quarter results. Behind that single number sits a bank making strong profits, with nine-month pre-tax profit up 42% to £6.6 billion, a dividend raised by 30% and a £1 billion buyback under way, but also facing a higher bank tax from January 2027 and slower income growth next year.

Whether the shares push back above 100p and towards their October highs will depend on the full-year results, the Bank of England’s next moves and any news on the bank tax. Keep checking the closing price, read the company’s own announcements and remember that a single day’s rise, however welcome, is only one step in a much longer story. Bookmark this page for the latest verified figures on the lloyds share price uk.

Disclaimer: This article is for general information only and is not financial advice. Share prices can fall as well as rise, and past performance is not a reliable indicator of future results. Always do your own research or speak to a qualified financial adviser before making any investment decision.