The bottom line largely exceeded expectations driven by the stronger top-line resilience and loan provision recoveries. Although the next quarters could continue to enjoy further provision recoveries, the expected interest rate hikes should support the top-line trajectory.
28 Oct 2021
Stronger top-line resilience and provision recoveries
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Stronger top-line resilience and provision recoveries
Lloyds Banking Group plc (LLOY:LON) | 51.2 0 0.2% | Mkt Cap: 32,432m
- Published:
28 Oct 2021 -
Author:
David Grinsztajn -
Pages:
2
The bottom line largely exceeded expectations driven by the stronger top-line resilience and loan provision recoveries. Although the next quarters could continue to enjoy further provision recoveries, the expected interest rate hikes should support the top-line trajectory.