- Lloyds reported a second-quarter statutory pretax profit of GBP 1.99 billion, exceeding the estimated GBP 1.75 billion.
- The underlying profit for Lloyds came in at GBP 2.03 billion, higher than the forecasted GBP 1.82 billion.
- The return on tangible equity was reported at 15.5%, surpassing the estimated 14.1%.
- Lloyds’ net interest margin was slightly below forecasts at 3.04%, compared to the estimated 3.05%.
- Operating costs for the quarter were GBP 2.32 billion, slightly below the projected GBP 2.34 billion.
- The cost to income ratio was 52.2%, better than the expected 53.3%.
- For the first half, Lloyds announced an interim dividend per share of 1.22 pence.
- Market assessments included 10 buy recommendations, 10 hold recommendations, and 2 sell recommendations.
A look at Lloyds Banking Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.6 |
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
According to Smartkarma Smart Scores, Lloyds Banking Group plc shows a promising long-term outlook across various factors. With a solid Value score of 4, the company is viewed favorably in terms of its financial attractiveness. Similarly, its Dividend score of 4 indicates strong potential for dividend payouts, which could be attractive to income-seeking investors.
While the Growth and Resilience scores are slightly lower at 3, indicating moderate performance in these areas, the Momentum score of 4 highlights positive market momentum for Lloyds Banking. Overall, the company seems well-positioned in terms of value and dividend prospects, with room for potential growth and resilience in the face of challenges. Lloyds Banking Group plc offers a diverse range of banking and financial services, including retail banking, mortgages, pensions, asset management, insurance services, corporate banking, and treasury services.
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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