1117 GMT - Lloyds Banking Group's published a mixed set of first-quarter results, but management was encouraging at its earnings presentation with analysts, Jefferies says in a research note. "Headline numbers this morning were a little soft and required management to put in a good performance, backed up with evidence, on the call. We think they did," analyst Jonathan Pierce and associate Priya Rathod write. The underlying trends are encouraging and its net interest income guidance--which was confirmed--looks increasingly beatable thanks to growth in deposits and a strong mortgage market. Shares trade 2.8% lower at 71.3 pence. (elena.vardon@wsj.com)
(END) Dow Jones Newswires
May 01, 2025 07:19 ET (11:19 GMT)
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