Lloyds Banking Group Sees 14% Q3 Profit Rise, Boosted by Loan Activity Despite YOY Decline

GuruFocus.com10-24

Despite the 8% drop YOY, Lloyds Banking Group (NYSE:LYG) announced a 14% quarterly gain in Q3 underlying profits before impairment, hitting 2.03 billion. The bank ascribed its expansion to more loan ...

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The bank ascribed its expansion to more loan ...</p>\n\n<a href=\"https://finance.yahoo.com/news/lloyds-banking-group-sees-14-173516910.html\">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":"BK4207","symbol_name":"综合性银行","start_time":0,"source_url":"https://finance.yahoo.com/news/lloyds-banking-group-sees-14-173516910.html","article_id":"2477552634","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/sqotAidK.fsdZ3XYTqCEwQ--~B/aD00MDA7dz00MDA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/us.finance.gurufocus/53c74d441d6cd7cb42d80f79d22efd03"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2477552634","pubTimestamp":1729704916,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Despite the 8% drop YOY, Lloyds Banking Group  announced a 14% quarterly gain in Q3 underlying profits before impairment, hitting 2.03 billion. The bank ascribed its expansion to more loan activity, helping to raise net interest income.\"We are making good progress on our strategy and remain on track to deliver higher, more sustainable returns,\" Group CEO Charlie Nunn expressed confidence in the bank's course. The company confirmed its 2024 direction once more. From the previous quarter to 3.23 billion, Lloyds' net interest income rose 2% but from a year earlier, it dropped 6%. Its underlying income grew 3% from Q2 and 10% YOY. Operating expenses was constant at 2.29 billion, somewhat below previous quarter but rising from 2.24 billion a year earlier.GuruFocus has detected 5 Warning Sign with LYG.Though somewhat behind last year's 2.0 pence, third-quarter earnings per share rose to 1.9 pence from 1.7 pence in Q2. From 13.6% last quarter to 13.9% in Q3 2023, return on tangible equity cli","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4207":"综合性银行","BK4521":"英国银行股","LYG":"劳埃德"},"translate_title":"尽管同比下降，但在贷款活动的推动下，劳埃德银行集团第三季度利润增长14%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"LYG":0.9},"content_text":"Despite the 8% drop YOY, Lloyds Banking Group (NYSE:LYG) announced a 14% quarterly gain in Q3 underlying profits before impairment, hitting 2.03 billion. The bank ascribed its expansion to more loan activity, helping to raise net interest income.\n\"We are making good progress on our strategy and remain on track to deliver higher, more sustainable returns,\" Group CEO Charlie Nunn expressed confidence in the bank's course. The company confirmed its 2024 direction once more. From the previous quarter to 3.23 billion, Lloyds' net interest income rose 2% but from a year earlier, it dropped 6%. Its underlying income grew 3% from Q2 and 10% YOY. Operating expenses was constant at 2.29 billion, somewhat below previous quarter but rising from 2.24 billion a year earlier.\n\nWarning! GuruFocus has detected 5 Warning Sign with LYG.\n\nThough somewhat behind last year's 2.0 pence, third-quarter earnings per share rose to 1.9 pence from 1.7 pence in Q2. From 13.6% last quarter to 13.9% in Q3 2023, return on tangible equity climbed to 15.2%. Underlying loans and advances climbed to 457.0 billion by September 30, while customer deposits climbed to 475.7 billion. Additionally, early trade saw Lloyds share drop 1.2%.This article first appeared on \nGuruFocus.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2477552634"}