Lloyds Banking Group (LLOY)

Lloyds Banking Group’s share price climbed higher at the end of last month as the bank’s third quarter profits came in ahead of expectations. Statutory profit before tax for the period came in at £1.8 billion when the analyst consensus had been for £1.7 billion. However, while Lloyds’ share price saw a gain from its October 19th year-to-date low of 56.13 pence, up to 59.49 pence early this month, it is still significantly down from its January high of 71.26 pence. That’s a headache for all those investing online in the bank’s shares through ISAs and SIPPs.

Lloyds Bank is a prestigious banking group with strong UK presence

Lloyds Bank is a London, UK based bank which offers range of banking services to its customers across England and Wales. It is headquartered in London with offices in Wales and Scotland. It is engaged in providing retail and commercial services and considered to be one of the big four clearing banks. The bank has a strong presence in the UK and has millions of customers all over the country. It has wide reach and serves people with varied requirements across communities.