For all practical purposes, Lloyds’ share price has “reached” £1 this year.
A quick glance at its daily share price shows intra-day peaks this week of 96p (95.86p to be exact). Yes, we may not have traded at £1, but that’s close enough – close enough for many profit takers to slam in sell orders on the last trading day of the week (Friday 14 Nov) to lock in some profits. Jittery in the Wall Street is spreading; and risk appetite is waning for many previously red-hot sectors.
Of course, there could be another northerly spurt in the run-up to Christmas. But as we are only a few weeks to that holiday season, time is in short supply.
The next question is: Will Lloyds shares rally above £1 in 2026?
The past year and a half was an excellent period for bank shares. Barclays (BARC) jumped through 400p while NatWest (NWG) also cleared 500p. All three banks are now worth £50 billion or more. So Lloyds’ rally was not only an individual stock rally but an industry-wide advance.
If we take a longer view for Lloyds, it seems that its base pattern is just being explored to the upside. 90p for Lloyds is such a massive ceiling – a ceiling that dates back a decade earlier to 2015. Naturally Lloyds needs to consolidate around this level before making another attempt to trade above the magical £1.
