Join our community of smart investors

Improved outlook flatters Lloyds

Lloyds' investors must wait for their jam, but an improving economic outlook boosts the bottom line
Improved outlook flatters Lloyds


  • Expanding presence in wealth management
  • Restoration of interim dividend

Interims results for Lloyds (LLOY) were flattered by a net £636m credit gain as the bank released capital set aside to cover pandemic-related impairment losses. The fact that the economy didn’t quite go to hell in a handcart, due to a combination of government furlough schemes, business interruption loans and businesses not automatically shut by lockdown adapting their operations, were all positives for Lloyds which, in a move that will cheer investors, also restored its interim dividend.

To continue reading...
Join our Community of Smart Investors
  • Independent full-length company analysis
  • Actionable investment ideas and recommendations
  • Expert investment tools and data
  • Stock screens from Algy Hall
Have an account? Sign in