Lloyds Banking Group Sees 2024 Banking Net Interest Margin Of Greater Than 290 Basis Points, Return On Tangible Equity Of ~13%, Pay Down To A CET1 Ratio Of ~13.5%
Portfolio Pulse from Benzinga Newsdesk
Lloyds Banking Group projects a net interest margin of over 290 basis points and a return on tangible equity of around 13% by 2024. The bank also aims to maintain a CET1 ratio of approximately 13.5%.
February 22, 2024 | 9:52 am
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Lloyds Banking Group projects significant financial targets for 2024, including a net interest margin over 290 basis points, a return on tangible equity around 13%, and a CET1 ratio of about 13.5%.
The announcement of Lloyds Banking Group's financial targets for 2024 indicates a positive outlook on its financial health and operational efficiency. A higher net interest margin suggests improved profitability from lending activities, while a stable CET1 ratio points to a solid capital position. These factors are likely to be viewed positively by investors, potentially leading to an increase in the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
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