TELETRADER News
7/27/2022, 8:03 AM (Source: TeleTrader)
more TeleTrader news

Lloyds Q2 net income up 12% to £8.5B

Lloyds Banking Group Plc reported on Wednesday that their net income for the second quarter of the year jumped by 12% year-on-year to £8.5 billion.

Total costs declined by 3% from last year coming at £4.3 billion. Return on tangible equity decreased by 4.6 percentage points per annum to 13.2%, with tangible net assets per share of 54.8 pence. The cost-income ratio decreased by 8 percentage points to 51.2% year-over-year.

"While the world has changed significantly since February, our strategic focus remains clear and disciplined. Our strong financial performance demonstrates the resilience of our business model and customer relationships and has enabled us to enhance guidance for 2022," said Group Chief Executive Charlie Nunn.

Baha Breaking News (BBN) / AB