LYG Earnings Prediction
The chart below shows how LYG performed 10 days before and after its earnings report, based on data from the past quarters. Typically, LYG sees a +0.68% change in stock price 10 days leading up to the earnings, and a -2.73% change 10 days following the report. On the earnings day itself, the stock moves by -0.73%. This data can give you a slight idea of what to expect for the next quarter's release.
LYG Key Earning Data
2024/Q4
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LYG Earnings Analysis
Lloyds Banking Group PLC Corporation (LYG.N) Earnings Conference Call
Positive
Strong Q3 Profit Performance: In Q3, Lloyds Banking Group delivered a robust financial performance with a statutory profit after tax of £3.8 billion.
Tangible Equity Return Growth: The return on tangible equity was 14%, with net income reaching £12.7 billion year to date, reflecting growth in Q3 compared to the prior quarter.
Net Interest Income Growth: Net interest income increased by 2% supported by a quarterly net interest margin of 2.95%, up two basis points from Q2.
Lending Balance Growth: Customer franchise continued to grow with lending balances of £457 billion, up £4.6 billion in Q3, driven by strong mortgage book growth.
Deposit Growth Update: Deposits now stand at £476 billion, up £1 billion in Q3, with retail savings accounts increasing by £2.8 billion.
Negative
Operating Costs Increase: Operating costs of 7 billion in the first nine months of the year were up 5% year on year, in line with our expectations.
Asset Quality Impairment Charge: The impairment charge of 273 million equates to an asset quality ratio of nine basis points.
Impairment Charge Analysis: The Q3 impairment charge was 172 million, or an AQR of 15 basis points.
Operating Lease Depreciation Consistency: Operating lease depreciation was 315 million in Q3, consistent with our expectations of the half year based on business momentum and revised appreciation schedules.
Operating Costs Increase: Operating costs of 7 billion were up 5% year on year or 4% excluding the Bank of England Levy.
LYG FAQs
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LYG Earning Call Sentiment
Lloyds Banking Group plc (LYG) Q3 2024 Earnings Call Transcript
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0%Positive
The earnings call summary highlights strong financial performance, including a robust CET1 ratio and capital generation. Despite some cost pressures, the company shows growth in customer lending and deposits, with optimistic guidance for net interest income and margins. The Q&A section reinforces positive sentiment, with expectations for stable impairments and increasing non-banking NII. The commitment to share buybacks and cautious acquisitions also supports shareholder returns. Overall, the combination of strong financial metrics and optimistic future guidance suggests a positive stock price movement over the next two weeks.