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LLOY Lloyds Banking Group Plc

51.30
0.16 (0.31%)
Last Updated: 10:23:24
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Lloyds Banking Group Plc LSE:LLOY London Ordinary Share GB0008706128 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.16 0.31% 51.30 51.28 51.30 51.62 51.14 51.38 21,217,247 10:23:24
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Commercial Banks, Nec 23.74B 5.46B 0.0859 5.97 32.57B

TSB Banking Beats New Share Target But 1Q Pretax Profit Falls

29/04/2015 8:14am

Dow Jones News


Lloyds Banking (LSE:LLOY)
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LONDON-- TSB Banking Group PLC (TSB.LN) said it beat its target for the share of new and switching bank accounts it won in the quarter ended March 31 as it reported a lower pretax profit.

The pretax profit for the quarter ended March 31 fell to 34.3 million pounds ($51.4 million) from GBP102.8 million over the same period the previous year, on total income down to GBP222.8 million from GBP227.1 million.

The bank reported a 7.9% share of all new and switching bank accounts in the quarter, the fifth consecutive quarter it delivered above its target of 6% share.

"TSB is starting to fire on all cylinders as we take on the big banks in our mission to bring more competition to U.K. banking," said Chief Executive Officer Paul Pester.

-Write to Rory Gallivan at rory.gallivan@wsj.com; Twitter: @RoryGallivan

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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