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I love my Lloyds (LSE: LLOY) shares. I bought a stake in the FTSE 100 bank’s fortunes in June and September 2023, and my only regret is that I didn’t buy more.
In recent years, the Lloyds share price has been performing more like a penny stock than a blue-chip. It’s up 38% over the last year, and 213% over five years. If I was being picky, I could complain that it’s a sector laggard, as rivals Barclays and NatWest did even better over the same time periods. But that would be rude.
The banking sector’s finally swung back into favour, as investors wake up to just how profitable they can be. Provided management doesn’t get overly greedy and blow it all.
FTSE 100 banks are flying
Personally, my shares are up 86% since I bought them, which is far better than I would have imagined. So far, I’ve received five dividend payouts, the latest on 11 September, and re-invested…
