RBC Capital Lifts Lloyds Banking (LYG) Price Target to 110 GBp, Keeps Outperform Rating

Core Insights - Lloyds Banking Group plc (NYSE:LYG) is recognized as one of the best dividend stocks in the FTSE market [1] - RBC Capital has raised the price target for Lloyds Banking Group from 100 GBp to 110 GBp while maintaining an Outperform rating [2] - The company reported strong third-quarter earnings for 2025, with significant growth in customer deposits and a strategic acquisition [3] Financial Performance - In the first nine months of 2025, customer deposits increased by £14.0 billion (3%) to £496.7 billion, with £4.0 billion growth in Retail and £10.0 billion in Commercial Banking [3] - In the third quarter alone, deposits rose by £2.8 billion, primarily driven by the Commercial Banking segment [3] Dividend Information - Lloyds Banking Group declared an interim dividend of 1.22 pence, totaling £731 million, excluding any impact from share buybacks [4] - The stock currently has a dividend yield of 3.77% as of October 29 [4]