Lloyds Banking Group Announces Improved NIM Guidance – ValueWalk Premium

Lloyds Banking Group Announces Improved NIM Guidance

The Lloyds Banking Group PLC (ADR) (NYSE:LYG) (LON:LLOY)’s second-quarter profit more than doubled, as the bank set to increase profitability before the government’s potential sale of its stake.

Andrew Coombs and team at Citi Research feel the bank’s underlying 2Q 13 PBT £1,423 million showed 31 percent increase quarter-on-quarter driven by better net interest income and lower impairments.

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