“The net interest margin for the year is set to be around 2.85% vs 2.74% last year, and the group has kept most other figures unchanged from previous guidance.
“There’s no denying though that banks are still paying for their misdeeds, and Lloyds is no different. However, its restructuring, focus on the UK and non-investment banking operations sets it aside from its peers.”
Rebecca O’Keeffe, head of investments at Interactive Investor said: “With over two million retail investors, Lloyds is consistently one of the most actively traded stocks on the market, but investors will be slightly disappointed by today’s results.”
However, she noted that “one ray of sunshine for investors is the increased interim dividend”, which was up 18% to 1p per share.
