9 Most Profitable Penny Stocks to Buy Right Now

4. Lloyds Banking Group plc (NYSE:LYG)

Price Per Share: $4.56

TTM Net Income: $5.49 Billion

Number of Hedge Fund Holders: 19

Lloyds Banking Group plc (NYSE:LYG) is one of the most profitable penny stocks to buy right now. On August 27, Lloyds Banking Group plc (NYSE:LYG) and Sovereign Network Group (SNG) partnered on a £100 million loan agreement to fund the retrofit of thousands of social homes across England.

Lloyds Banking Group has partnered with SNG to fund the sustainable retrofit of social homes across the South, West, and East of England, including London. This is Llyod’s largest lending commitment to date and follows a £60 million loan to Peabody announced earlier in July 2025. These two loans bring the total committed funding to £160 million, which represents 30% of its £500 million social housing funding commitment.

“Our partnership with the National Wealth Fund is an example of how we can use innovative finance models to enable housing associations to tackle the retrofit challenge. We’re proud to be working alongside SNG to provide energy-efficient and cost-effective homes for social housing residents,” said Jess Tomlinson, Global Head of Real Estate & Housing, Lloyds Banking Group.

Lloyds’ £500 million funding is partially backed by the National Wealth Fund (NWF). The NWF scheme supports the public and private sectors to provide warmer, greener homes for social housing residents as part of the U.K.’s broader net-zero goals. On the other side, SNG is actively focusing on a major development programme, aiming to build around 25,000 new homes over the decade to 2034.

As Lloyds Banking Group continues to provide loans, the company is set to dismiss 3,000 of its staff, as reported by Reuters on September 4. The figure represents 5% of the force at Lloyds Banking Group. Reuters mentioned that according to a familiar source to the matter, Lloyds expects about half of that number to lose their jobs unless their work improves. Along with other major banks, Lloyds has reduced its street presence. In January 2025, the bank stated that it would shut down 136 branches as more customers started to prefer digital banking.

Since the announcement of the loan agreement, LYG shares have soared by almost 4.73% as of September 16.

Lloyds Banking Group plc (NYSE:LYG), together with its subsidiaries, offers various banking and financial products and services in the U.K. and globally.