Lloyds Banking Group Posts Strong Q1 Results, Beats Expectations
Lloyds Banking Group PLC reported a 46% rise in Q1 profit, beating analysts’ expectations due to higher net income in a rising interest rate environment. The bank’s net income rose 15% YoY to £4.7bn while pre-tax profit improved to £2.26bn from £1.54bn. Underlying net interest income rose 20% to £3.54bn, driven by a stronger banking…