0849 GMT - Lloyds Banking Group investors might be slightly disappointed to not see a stronger quarterly result following the net interest income guidance raise from peer Barclays, Hargreaves Lansdown says. "This was more of a canter than a full gallop from Lloyds, as first-quarter results stumbled slightly at the final hurdle," analyst Matt Britzman writes in a market comment. Pretax profit was short of expectations due to higher impairments, though the analyst notes this is due to caution around the economic outlook rather than real issues with borrowers. Lloyds's loan book looks stronger than it has in some time, it backed its guidance and looks well-placed to deliver returns, he adds. Shares are down 2.2% at 71.69 pence though they are up 30% year to date. (elena.vardon@wsj.com)
(END) Dow Jones Newswires
May 01, 2025 04:49 ET (08:49 GMT)
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