Join our community of smart investors

Lloyds sees 'recovery' ahead

Continuing the sector trend, lower third-quarter credit impairments meant the high street lender beat market expectations
October 29, 2020
  • Shares rise as high street bank posts £1bn third-quarter profit
  • Impairments in the period were “benign”, though uncertainty reigns
  • Cash-hoarding current account holders further boost liquidity
IC TIP: Hold at 28.9p

"We are now seeing an encouraging business recovery," proclaimed António Horta-Osório on the publication of Lloyds’ (LLOY) third quarter results.

This is subscriber only content
Start your trial to keep reading
PRINT AND DIGITAL trial

Get 12 weeks for £12
  • Essential access to the website and app
  • Magazine delivered every week
  • Investment ideas, tools and analysis
Have an account? Sign in