Lloyds Banking Group PLC (LON:LLOY) (LLOY.L) is one of the largest banks in the UK. It has experienced a challenging decade, with its purchase of HBOS during the financial crisis arguably contributing to it being part-nationalised.
During this time, its share price came under severe pressure. Following this, it has embarked on a major turnaround strategy which has seen significant job losses and further cost reductions made in order to improve its efficiency. It has also exited various businesses so that it is now focused primarily on the UK.
With the government no longer a shareholder and the company seeking to deliver growth through a refocused customer and digital strategy, it is a period of major change for the bank.
The Lloyds share price remains a long way off its pre-financial crisis highs at the time of writing. Does it have the potential to deliver improving investment performance over the long term?