The group released a mixed set of quarterly results, characterised by a fall in the tangible book value and a reduced capital usage. Management’s guidance for this is reassuring: the group is expected to meet expectations thanks to stronger cost control and lower cost of risk.
20 Feb 2020
Lowered costs and impairments guidance at the rescue
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Lowered costs and impairments guidance at the rescue
Lloyds Banking Group plc (LLOY:LON) | 51.7 0 0.0% | Mkt Cap: 32,921m
- Published:
20 Feb 2020 -
Author:
David Grinsztajn -
Pages:
2
The group released a mixed set of quarterly results, characterised by a fall in the tangible book value and a reduced capital usage. Management’s guidance for this is reassuring: the group is expected to meet expectations thanks to stronger cost control and lower cost of risk.