Zacks Spotlights Lloyds as Earnings Forecasts Rise
The bank was one of roughly 60 stocks under $10 identified by a Zacks screen, with analysts projecting stronger earnings in 2026 and FY27.
Lloyds Banking Group was highlighted by Zacks as one of roughly 60 stocks trading below $10 that passed its screen. The article pointed to rising earnings forecasts and the bank’s plan to cut costs while growing income.
As of 20:00 UTC on Sept. 29, Lloyds shares traded at $5.69, down 0.52% from the previous close.
Zacks estimates call for revenue growth of 16% in 2026 and another 7% next year. Adjusted earnings are projected to rise 53% in FY26 and 15% in FY27, reaching $0.63 a share, compared with $0.36 in 2025.
The bank launched its four-year Accelerate 2030 plan at the end of July. It aims to reduce gross costs by about £2 billion by 2030, while pursuing income growth and higher returns. The strategy focuses on growing the franchise, innovating products and services, and simplifying operations.
The Zacks article also noted that Lloyds shares were 10% below their August peak. Its average price target implied 20% upside from the levels cited in the article.
This article was produced with the help of AI technology.
Source: Yahoo Finance
