Lloyds BankingNYSE: LYG

Investors with an interest in Banks - Foreign stocks have likely encountered both Lloyds (LYG) and Toronto-Dominion Bank (TD). But which of these two companies is the best option for those looking for undervalued stocks?

Lloyds Banking Group will leave one of its London office sites as part of a consolidation into three remaining premises, the British bank said on Thursday.

Ahead of Rolls-Royce Holdings PLC (LSE:RR.) upcoming full year results, due tomorrow, there's been an upsurge in bullish investors taking leveraged positions in the British engineer.

European banks outperformed consensus expectations for the 15th consecutive quarter over the first three months of the year, Jefferies analysts have pointed out. Aggregate pre-tax profits came in 9% above consensus, driven by higher revenues and lower credit costs, analysts said in a note.

Lloyds Banking Group PLC's insurance subsidiary, Scottish Widows, has disclosed that 78% of customers with defined contribution pensions have made early withdrawals, with an average amount of around £47,000 taken from their pension pots before retirement.

Lloyd's of London insurers Hiscox and Lancashire stated on Thursday that they do not anticipate significant insurance claims resulting from the collapse of Baltimore's Francis Scott Key Bridge in March, which caused extensive disruption.

According to analysts at UBS, Lloyds Banking Group PLC (LSE:LLOY) and other UK banks experienced a positive earnings season, with results released last week boosting confidence in the sector.

Lloyds Banking Group PLC's residential landlord division has acquired more than 150 new properties from Barratt Developments PLC. The houses, located in Matson near Gloucester, will be added to Lloyd's Citra Living portfolio, which already includes over 2,000 properties nationwide.

The UK bank earnings season will begin on 24 April with an update from Lloyds Banking, according to UBS. Despite a strong share price performance since the beginning of 2024, domestic banks such as NatWest (31% total return), Barclays (23%), and LBG (11%) are still performing well. UBS has raised its targets for these three banks as well as for the more internationally-focused HSBC.