April 24, 2024 06:12 GMT
Lloyds Bank: Results Inline, Loan Losses Positive, No Upgrades
FINANCIALS
Lloyds headlines look just about inline, loan losses better, offsetting other areas. No FCA motor finance charges. Both equity and credit have performed well into these results and there's no incremental upgrade evident right now, we feel.
- Lloyds Banking Group 1Q CET1 Ratio 13.9% (est. 13.9%)
- LLOYDS: NO FURTHER CHARGES RELATING TO FCA CAR LOAN REVIEW
- LLOYDS 1Q ADJ. IMPAIRMENT CHARGE £57M, EST. £297M
- LLOYDS 1Q STATUTORY PRETAX PROFIT GBP1.63B, EST. GBP1.54B
- LLOYDS 1Q NET INTEREST INCOME GBP3.18B, EST. GBP3.21B
- LLOYDS 1Q NET INTEREST MARGIN 2.95%, EST. 2.94%
- LLOYDS STILL SEES FY NET INTEREST MARGIN ABOVE 2.9%, EST. 2.95%
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