Lloyds Earnings: Hedge Tailwind Carries Interest Income, but Deposit Competition Slows Margin Story
Lloyds reported third-quarter underlying profit of GBP 2.4 billion, up 7% sequentially, as net interest income rose 3% and costs fell 1%. Lloyds reiterated guidance for 2026 net interest income above GBP 14.9 billion but said it expects to land only modestly above that level.