Lloyds Banking Group (LON:LLOY) First Quarter 2024 Results
Key Financial Results
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Revenue: UK£4.33b (down 5.1% from 1Q 2023).
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Net income: UK£1.07b (down 29% from 1Q 2023).
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Profit margin: 25% (down from 33% in 1Q 2023). The decrease in margin was primarily driven by higher expenses.
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EPS: UK£0.017 (down from UK£0.023 in 1Q 2023).
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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