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Lloyds share price continued its strong rally this week and is hovering at its highest level since 2008 before the Global Financial Crisis (GFC). LLOY was trading at 83.65p on Thursday, bringing the year-to-date gains to 60%, making it one of the best-performing FTSE 100 companies.

If you want to know how the City feels about Lloyds Banking Group PLC (LSE:LLOY) after its half-year results, the short answer is broadly positive, with a pinch of caution. The UK's biggest retail bank has cleared its biggest legal headache in years, posted some of its best returns in over a decade, and is still paying out one of the more generous dividends in the FTSE 100.

European banks have delivered strong returns since 2018, outperforming US peers and benefiting from improved balance sheets and higher interest rates. Despite high past returns and growing optimism, caution is warranted due to the sector's cyclical nature and slowing eurozone growth projections. Valuations remain attractive, with many banks trading below book value and offering appealing divide...

Goldman Sachs has upgraded Lloyds Banking Group PLC (LSE:LLOY) to ‘buy', raising its 12-month price target to 99p and pointing to around 20% upside from here. The tone in the note is much more upbeat, now that uncertainty over motor finance compensation appears to be largely behind the sector.

RBC Capital Markets has upgraded Lloyds Banking Group PLC (LSE:LLOY) to 'outperform' with a new price target of 95p, following Friday's Supreme Court judgment on motor finance complaints, a long-awaited ruling that lifts a major cloud from the UK bank sector. The decision rejected claims that banks and car dealers were liable for “dishonest assistance” or “bribery” in how commissions were paid ...

Lloyds share price popped to a multi-decade high as investors cheered the recent earnings and the Supreme Court decision on motor insurance. LLOY jumped to a high of 80.90p, up by 323% above its lowest level during the pandemic.

Close Brothers shares popped 30% at the open on Monday, after a Supreme Court ruling last week on car finance commissions went largely in favour of banks, although it still left them facing millions of potential compensation claims.

Lloyds Banking Group PLC (LSE:LLOY) said it believes the impact from the Supreme Court's judgment on motor finance mis-selling is "unlikely to be material". On Friday, the highest court in the UK largely overturned a previous Court of Appeal ruling on car finance that was expected to lead to massive compensation payouts.