Banking

UK£0.017 (vs UK£0.023 in 1Q 2023)


Lloyds Banking Group (LON:LLOY) First Quarter 2024 Results

Key Financial Results

  • Revenue: UK£4.33b (down 5.1% from 1Q 2023).

  • Net income: UK£1.07b (down 29% from 1Q 2023).

  • Profit margin: 25% (down from 33% in 1Q 2023). The decrease in margin was primarily driven by higher expenses.

  • EPS: UK£0.017 (down from UK£0.023 in 1Q 2023).

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All figures shown in the chart above are for the trailing 12 month (TTM) period

Lloyds Banking Group Earnings Insights

Looking ahead, revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Banks industry in the United Kingdom.

Performance of the British Banks industry.

The company’s share price is broadly unchanged from a week ago.

Risk Analysis

What about risks? Every company has them, and we’ve spotted 1 warning sign for Lloyds Banking Group you should know about.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.



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