The COVID-19-related crisis further increases the top-line pressure. However, the quarter showed ongoing efficiency gains and, above all, management’s cost of risk guidance stood significantly below our stress test based projections.
30 Apr 2020
Significantly lower-than-expected cost of risk guidance
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Significantly lower-than-expected cost of risk guidance
Lloyds Banking Group plc (LLOY:LON) | 51.7 0 0.0% | Mkt Cap: 32,921m
- Published:
30 Apr 2020 -
Author:
David Grinsztajn -
Pages:
2
The COVID-19-related crisis further increases the top-line pressure. However, the quarter showed ongoing efficiency gains and, above all, management’s cost of risk guidance stood significantly below our stress test based projections.