Investing.com - Lloyds Banking (LON:LLOY) reported on Wednesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Lloyds Banking announced earnings per share of £0.013 on revenue of £3.59B. Analysts polled by Investing.com anticipated EPS of £0.0055 on revenue of £3.53B.
Lloyds Banking shares are up 6.28% from the beginning of the year and are trading at £38.73 , down-from-52-week-high.They are outperforming the STOXX 600 which is up 3.39% from the start of the year.
Lloyds Banking shares lost 1.25% in intra-day trade after the report.
Lloyds Banking follows other major Financial sector earnings this month
Lloyds Banking's report follows an earnings beat by HSBC on Tuesday, who reported EPS of £0.0213 on revenue of £8.38B, compared to forecasts EPS of £0.0105 on revenue of £8.33B.
Barclays had beat expectations on Thursday, February 18, 2021 with fourth quarter EPS of £0.013 on revenue of £4.94B, compared to forecast for EPS of £-0.0054 on revenue of £4.58B.
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