Lloyds share price rally accelerates — will this momentum last? — TradingView News
Lloyds share price continued its strong bull run this year, and is now hovering at its highest level since September 2008. It has jumped in the last 12 consecutive months, and is up by 430% from its lowest level in 2020.
This surge has brought its market capitalization to over $80 billion, making it the 14th biggest company in the UK. Still, technicals suggest that the stock may pull back soon.
Why the Lloyds share price has soared
Lloyds Bank stock price has been in a strong uptrend in the past few months, mirroring the performance of other British banks. Barclays’ stock has jumped by nearly 80% in the last 13 months, while NatWest’s has soared by over 60%.
Other European banks like Unicredit, Societe Generale, and BNP Paribas have…
