Lloyds Banking Group 2023 Underlying Net Interest Income £13.8B, Up 5%, With A Net Interest Margin Of 3.11%
Portfolio Pulse from Benzinga Newsdesk
Lloyds Banking Group reported a 5% increase in its 2023 underlying net interest income, reaching £13.8 billion, alongside a net interest margin of 3.11%.
February 22, 2024 | 9:49 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Lloyds Banking Group's 2023 underlying net interest income increased by 5% to £13.8 billion, with a net interest margin of 3.11%.
The reported increase in underlying net interest income and a healthy net interest margin indicate a strong financial performance by Lloyds Banking Group. This positive financial outcome is likely to instill investor confidence, potentially leading to a short-term positive impact on LYG's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100