Lloyds Banking Group PLC

Lloyds Banking Group PLC (LSE: LLOY) is an FTSE 100 index-listed UK-based provider of financial services to individual and business customers in the United Kingdom. The Company's main business activities are retail and commercial banking, general insurance, long-term savings, protection, and investment.

Q1 FY23 Interim Management Statement (Released on 25 October 2023)

• Improved Financial Performance: The company reported an increase of 10% in the underlying net interest income which stood at GBP 10,432 mn in 9M FY23 against GBP 9,458 mn in pcp, resulting in the overall increase in the total income to GBP 13,700 mn in the reported period (9M FY23) versus GBP 12,119 mn in pcp.
• Profitability: The profit before tax improved by approx. 20% to GBP 5,362 mn in the reported period (9M FY23) as compared to GBP 4,480 mn in pcp, due to a lower impairment charge which was partially offset by the higher operating expenses.
• Capital Structure The bank reported a slight decline in the Common Equity Tier 1 (CET1) ratio to 14.3% for the period ended on 30 September 2023 as compared to the CET1 of 14.8% in pcp. The Risk Weighted assets have increased by GBP 5.4 bn during 9M FY23 to GBP 180.3 bn as compared to GBP 174.9 bn in pcp.
  

Share Price Chart

Markets are trading in a highly volatile zone currently due to certain macroeconomic issues and geopolitical tensions prevailing. Therefore, it is prudent to follow a cautious approach while investing.

Lloyds Banking Group PLC (LSE: LLOY) was trading at the current market price of GBX 41.32 (as of 25 October 2023, 02:05 PM GMT+1)

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance level is 25 October 2023. The reference data in this report has been partly sourced from REFINITIV.

Note 3: ‘Kalkine reports are prepared based on the stock prices captured either from the London Stock Exchange (LSE) and or REFINITIV. Typically, both sources (LSE and or REFINITIV) may reflect stock prices with a delay which could be a lag of 15-20 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.

Note 4: Dividend Yield may vary as per the stock price movement.

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