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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Lloyds Banking Group Plc | LSE:LLOY | London | Ordinary Share | GB0008706128 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.12 | 0.23% | 52.18 | 52.24 | 52.28 | 52.90 | 52.20 | 52.38 | 86,283,449 | 16:35:06 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Commercial Banks, Nec | 23.74B | 5.46B | 0.0859 | 6.08 | 33.22B |
By Sabela Ojea
Lloyds Banking Group PLC reported its scheduled results for 2019 on Thursday. Here's what you need to know:
PRETAX PROFIT: Lloyds made a pretax profit of 4.39 billion pounds for 2019, a significant fall compared with GBP5.96 billion for the same period a year earlier, after being hit by PPI costs. Analysts had forecast Lloyds to make a pretax profit of GBP4.51 billion for the year, taken from FactSet and based on eleven estimates.
UNDERLYING PRETAX PROFIT: Underlying pretax profit for the year came to GBP7.53 billion from GBP8.07 billion in 2018--it was expected to come to GBP7.85 billion, also according to FactSet and based on eleven analysts' estimates.
WHAT WE WATCHED:
-IMPAIRMENTS: The bank suffered impairments of GBP1.3 billion from GBP937 million at the end of 2018. This affected its underlying profit for the year, Lloyds said.
-BUYBACK PROGRAM: The British bank didn't resume its share buyback program which was suspended in the third quarter of the year.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix
(END) Dow Jones Newswires
February 20, 2020 07:32 ET (12:32 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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