Lloyds Banking Group's third-quarter profit nearly doubles

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By Robert Anderson • Updated Oct 29, 2026 at 13:15

Lloyds shares drop on muted third quarter results as higher taxes loom - Reuters — Lloyds Banking Group's third-quarter profit nearly doubles

Lloyds Banking Group reported a near doubling of third-quarter profit to £2.3bn, boosted by transformation efforts. The bank's shares declined despite the profit increase, as results failed to reach targets. Jefferies noted potential issues, and higher taxes contributed to the diminished performance. The group's profit increased due to its transformation initiatives, but the market reacted negatively to the disappointing results.

“The bank's shares declined despite the profit increase, as results failed to reach targets,” — Nadia Ashcombe, senior market analyst at Cedarton Field Practice, observed.

Timeline

Oct 28 — Lloyds Banking Group reported a near doubling of third-quarter profit to £2.3bn, boosted by transformation eff...

Oct 29 — The group's profit increased due to its transformation initiatives, but the market reacted negatively to the d...

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This story has been closely followed by our readers since Oct 25. The Cedarton Field Practice desk continues tracking updates and will publish follow-ups across the region.

What's next: Additional coverage is expected by Monday, Nov 2.

ICYMI: City's Perfect Start Ends at Aston Villa

Editor's note: this report was prepared by the Cedarton Field Practice desk and last updated 13:07 UTC.

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