Investing.com - Lloyds Banking (LON:LLOY) reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Lloyds Banking announced earnings per share of £0.01 on revenue of £3.4B. Analysts polled by Investing.com anticipated EPS of £0 on revenue of £3.62B.
Lloyds Banking shares are down 53.92% from the beginning of the year and are trading at £28.80 , down-from-52-week-high.They are under-performing the TR UK 50 which is down 26.44% from the start of the year.
Lloyds Banking shares gained 4.16% in intra-day trade the report.
Lloyds Banking follows other major Financial sector earnings this month
Lloyds Banking's report follows an earnings missed by HSBC on Tuesday, who reported EPS of £0.05 on revenue of £9.23B, compared to forecasts EPS of £0.06 on revenue of £9.5B.
Barclays had beat expectations on October 23 with third quarter EPS of £0.04 on revenue of £5.2B, compared to forecast for EPS of £0.01 on revenue of £4.86B.
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