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Lloyds sees 'recovery' ahead

Continuing the sector trend, lower third-quarter credit impairments meant the high street lender beat market expectations
Lloyds sees 'recovery' ahead
  • 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.

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