Lloyds Banking stock: RBC cuts target to 115 pence pre-market
Published on 10/19/2026 at 08:06 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSRBC changes its assessment
- RBC Capital Markets lowered its Lloyds target and rating on October 18, 2026.
- Lloyds Banking Group will publish 2026 third-quarter results on October 29, 2026, at 7:00 a.m.
- Lloyds Banking stock trades pre-market at EUR 1.23 at 8:04 a.m. CEST at Lang & Schwarz on October 19, 2026.
Foreign Policy Journal reported on October 18, 2026, that RBC Capital Markets downgraded Lloyds Banking Group to Sector Perform from Outperform and reduced its price target to 115 pence from 124 pence. Lloyds Banking stock trades pre-market at EUR 1.23 at 8:04 a.m. CEST at Lang & Schwarz on October 19, 2026.
RBC changes its assessment
RBC cited intensifying competition for UK customer deposits in its assessment. The broker said the pressure could weigh on lending margins, while it continued to expect income from Lloyds' structural hedge to support net interest income. The report also cut RBC's 2028 pre-tax profit estimate by 6 percent and lowered its 2027 loan-growth expectation to 2.9 percent from 3.9 percent.
Ahead of the Xetra open
The stock's pre-market price is EUR 1.23 at Lang & Schwarz. The further course from the Xetra open at 9:00 a.m. CEST is shown by the continuously updated real-time quote of Lloyds Banking stock.
How Lloyds makes its money
Lloyds Banking Group provides retail, commercial banking, wealth and pensions services in the United Kingdom and earns income from financial services. Its 2026 third-quarter results are due on October 29, 2026, at 7:00 a.m., followed by a chief financial officer presentation at 9:30 a.m. Market context: Market report FTSE 100.
