Morgan Stanley Lifts Lloyds Banking Group (LYG) PT to 100 GBp Following Strong Q2 Results

Lloyds Banking Group (NYSE:LYG) is one of the best large cap penny stocks to buy under $10. On August 4, Morgan Stanley raised the firm’s price target on Lloyds Banking to 100 GBp from 95 GBp, while keeping an Overweight rating on the shares. Preceding this announcement, the company reported its Q2 2025 earnings, with a revenue of £3.36 billion, which was a 6.7% increase from the previous year.

This performance contributed to a GAAP earnings per share of 2.10 pence. For H1 2025, net income rose 6% to £8.9 billion, and statutory pre-tax profit increased 5% to £3.5 billion. The bank reaffirmed its guidance for the full year 2025. It projects an underlying net interest income of around £13.5 billion.

Morgan Stanley Lifts Lloyds Banking Group (LYG) PT to 100 GBp Following Strong Q2 Results

A businesswoman in a suit carrying a briefcase and walking through a busy banking hall.

In the overall first half of 2025, Lloyds Banking Group saw a 6% increase in net income, which rose to £8.914 billion from £8.393 billion. Earnings per share also saw a rise to 3.8 pence, compared to 3.4 pence in the prior year. The company’s underlying profit before impairment grew by 11% to £4 billion, up from £3.6 billion a year ago. This was fueled by a 5% year-over-year increase in underlying net interest income, which totaled £6.66 billion.

Lloyds Banking Group (NYSE:LYG) provides a range of banking and financial products and services in the UK and internationally.

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Disclosure: None. This article is originally published at Insider Monkey.