- Lloyds’ second quarter statutory pretax profit was GBP1.70 billion, higher than the estimated GBP1.51 billion.
- Underlying profit for the second quarter reached GBP1.74 billion, surpassing the forecasted GBP1.63 billion.
- Return on tangible equity stood at 13.6%.
- Net interest margin was 2.93%, matching the estimate.
- Operating costs came in at GBP2.30 billion, slightly above the expected GBP2.29 billion.
- The Cost to Income Ratio was 57%.
- For the first half of the year, the interim dividend per share was 1.06p.
- Analysts’ ratings include 10 buys, 7 holds, and 4 sells.
A look at Lloyds Banking Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 5 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Lloyds Banking Group plc is projected to have a positive long-term outlook. With high scores in Value, Dividend, Growth, and Momentum, the company is positioned well in terms of financial performance and market indicators. Lloyds Banking‘s strong growth score reflects potential for expansion and development in the future, while solid scores in Value and Dividend indicate its attractiveness to investors seeking stable returns.
However, the low score in Resilience suggests some vulnerability to economic challenges or market fluctuations. Investors should consider this factor alongside the positive aspects when evaluating Lloyds Banking‘s long-term prospects. Overall, with a diverse range of financial services and a mix of high and moderate scores, Lloyds Banking Group plc presents a balanced investment opportunity in the banking sector.
Disclaimer: This article by Smartkarma is general in nature and 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. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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