Lloyds Nine-Month Pre-Tax Profit Up 42%, Outlook Held
Lloyds Banking Group lifted nine-month pre-tax profit by 41.6% to £6.625 billion and kept its 2026 underlying net interest income guidance.
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what happened
Lloyds Banking Group reported higher profit for the first nine months, helped by stronger income and a much smaller remediation charge. Profit before tax rose 41.6% to £6.625 billion, compared with £4.678 billion a year earlier. The remediation charge dropped to £61 million from £912 million.
Net interest income grew 10% to £10.827 billion, while other income climbed 18% to £5.257 billion. Profit attributable to ordinary shareholders reached £4.432 billion, or 7.6p per basic share. The bank still expects underlying net interest income for 2026 to exceed £14.9 billion. The information comes from TradingView, citing RTTNews and dpa-AFX.
why it matters
For the UK banking sector, net interest income is the key line to watch, and its growth alongside an unchanged forecast points to steady margins. Lloyds shares closed up 1.71% at 103.90p on Wednesday.
market impact
Lloyds shares and UK banks: higher profit and income supports the stock
- Lloyds shares pressure up — higher profit and income with an unchanged outlook supports the stock
tags
instruments
sources
- Lloyds Banking 9-Month Pre-Tax Profit Rises 42%; Reaffirms Outlook — TradingView, 29 October 2026 at 07:51 UTC
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