Lloyds (LLOY) is on the brink of reaching triple-digit share price.
The first trading session of 2026 saw Lloyds, one of UK’s largest banks, hit an intra-day high of 100.0p.
This level was last reached in 2008 during the Global Financial Crisis, an event almost 18 years ago! You can say Lloyds’s current rally is almost a once-in-a-generation upswing. Many investors who held Lloyds shares then may have retired, sold up or moved on to other sectors.
The fact that Lloyds took 18 years to recover (to £1) shows how shattered its balance sheet was after the GFC.
What now? With no resistance nearby, Lloyds may see another leg up if prices conquer £1 decisively.
Should we, then, chase Lloyds higher?
Given that Lloyd’s rally is becoming modestly overbought, scaling in may be a more appropriate tactic. Stock prices are volatile and there will be opportunities to add in the future.
Also bear in mind that today is the first session of the year. Many traders are away. A low-volume rally may stall or consolidate once the full market returns.
Chartwise, Barclays (BARC) and NatWest (NWG) also hit multi-year high today.
