Lloyda Banking Group Q3 underlying profit climbs 14% Q/Q as lending increases

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Lloyds Banking Group (NYSE:LYG) Q3 underlying profit before impairment rose 14% Q/Q and dropped 8% Y/Y, the company said on Wednesday. Net interest income increased Q/Q as lending activity rose. "We ...

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Net interest income increased Q/Q as lending activity rose. \"We ...</p>\n\n<a href=\"https://seekingalpha.com/news/4195806-lloyda-banking-group-q3-underlying-profit-climbs-14-qq-as-lending-increases\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Lloyda Banking Group Q3 underlying profit climbs 14% Q/Q as lending increases</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLloyda Banking Group Q3 underlying profit climbs 14% Q/Q as lending increases\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-23 23:13 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4195806-lloyda-banking-group-q3-underlying-profit-climbs-14-qq-as-lending-increases><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Lloyds Banking Group (NYSE:LYG) Q3 underlying profit before impairment rose 14% Q/Q and dropped 8% Y/Y, the company said on Wednesday. Net interest income increased Q/Q as lending activity rose. \"We ...</p>\n\n<a href=\"https://seekingalpha.com/news/4195806-lloyda-banking-group-q3-underlying-profit-climbs-14-qq-as-lending-increases\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LYG","symbol_name":"劳埃德","start_time":0,"source_url":"https://seekingalpha.com/news/4195806-lloyda-banking-group-q3-underlying-profit-climbs-14-qq-as-lending-increases","article_id":"2477327675","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1487957337/image_1487957337.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2477327675","pubTimestamp":1729696404,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"Lloyds Banking Group (NYSE:LYG) Q3 underlying profit before impairment rose 14% Q/Q and dropped 8% Y/Y, the company said on Wednesday. Net interest income increased Q/Q as lending activity rose. \"We a","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LYG":"劳埃德","BK4207":"综合性银行","BK4521":"英国银行股"},"translate_title":"随着贷款增加，劳埃达银行集团第三季度基本利润环比增长14%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"LYG":0.9},"content_text":"Lloyds Banking Group (NYSE:LYG) Q3 underlying profit before impairment rose 14% Q/Q and dropped 8% Y/Y, the company said on Wednesday. Net interest income increased Q/Q as lending activity rose. \"We are making good progress on our strategy and remain on track to deliver higher, more sustainable returns,\" Group CEO Charlie Nunn said. With that, the company reaffirmed its 2024 guidance. Q3 underlying profit before impairment of £2.03B increased from £1.78B in Q2 and fell from £2.21B in Q3 2023. Underlying net interest income of £3.23B rose 2% Q/Q from £3.15B and declined 6% Y/Y from £3.44B. Underlying other income of £1.43B increased 3% Q/Q and 10% Y/Y. Operating costs of £2.29B compared with £2.30B in the prior quarter and £2.24B a year ago. Q3 EPS of 1.9 pence increased from 1.7 pence in Q2 and fell from 2.0 pence in last year's Q3. Lloyds Banking Group (LYG) stock dipped 1.2% in Wednesday morning trading. Return on tangible equity rose to 15.2% from 13.6% in the previous quarter and 13.9% in the year-ago period. Underlying loans and advances to customers grew to £457.0B at Sept. 30, 2024, from £452.4B at June 30. Customer deposits increased to £475.7B at the end of Q3 from £474.7B at the end of Q2, the company said. 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