-
Lloyd's Banking Group (NYSE: LYG) reported
Q3 profit declined to $238.8 million, or about $0.013 per share.
- Revenues rose about 1 percent year-over-year to $5.23 billion.
- Company reports having to set aside $1.22 billion to compensate customers who didn't need insurance products they were sold,
which substantially affected profits.
- The bank left its dividend unchanged; its yield stands at 3.23 percent.
- The U.K.'s biggest bank, Lloyd's said the Brexit vote in June had thus far not meaningfully affected the British economy.
Lloyd's CEO said it's "too early to assess any longer-term trends."
Lloyd's was up 0.73 percent at $2.75 about an hour before Wednesday's close.
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