Lloyds updated investors on its full-year performance this morning, announcing that its statutory profit before tax had climbed 24 percent to £5.3 billion, with a return on tangible equity of 8.9 percent.
António Horta-Osório, Lloyds Banking Group chief executive, said: "2017 has been a landmark year in which the Group has made significant strategic progress and returned to full private ownership".
At the moment 1 analyst is watching Lloyds Banking Group Plc (NASDAQ:LYG), 0 rate it "Buy", 0 "Outperform", 0 "Underperform", 1 "Sell", while 0 "Hold".
The bank outlined four areas of focus on the financial needs and behaviour of the customer of the future.
Horta-Osorio is credited with transforming Britain's biggest mortgage lender from financial crisis casualty to one of Europe's strongest banks, a process that came to an end a year ago when the government sold its final remaining stake.
In the fourth quarter it set aside £600m to cover the cost of compensating victims of the payment protection insurance (PPI) mis-selling, taking the total for the year to £1.65bn.
Horta Osario said that Lloyds would make an additional £6bn available for small business lending in the United Kingdom over the next three years and provide £10bn more to first-time buyers.
The bank stated dividend growth will continue to be a priority, and said it plans to spend up to £1bn on a share buyback, while the dividend increased by 20 per cent.
The surge in profits follows the bank's return to private ownership last summer, almost nine years after it was bailed out by the taxpayer.
It brings his total remuneration package to £6.42m, up from from £5.79m.
The group announced earlier this year that it would be axing 900 jobs, but creating 450 new ones as part of this change. The news came as the bank, which returned to full private ownership previous year, updated investors on its performance and unveiled plans to invest £3 billion in a digital push.
Laith Khalaf, senior analyst at Hargreaves Lansdown, commented: "There's a lot to like in Lloyds' numbers, with profits rising, costs under control, and prodigious amounts of cash being thrown off to shareholders".
The net interest margin is a closely-watched profitability measure, as it highlights the difference between interest paid out on savings and the interest charged on loans, and for Lloyds it came in at 2.86% - a touch higher than its previous forecast.
While the figures above aren't adjusted for inflation, the larger takeaway is that Black Panther is a raging success. Less than a week after hitting theaters , the response to Black Panther has been overwhelmingly positive.
This includes the 2013 championship and an appearance the previous year in the tournament semi-finals known as the 'Final Four'. WKYT will be live in Louisville this evening breaking down the NCAA sanctions and the impact it will have on the university.
The Vice President was due to meet Kim Jong Un's sister at the Winter Olympics, but the U.S. claims Pyongyang abruptly pulled out. He continued, saying North Korea had a "desire to whitewash their murderous regime with nice photo ops at the Olympics ".
Duterte has suggested he could suspend the Constitution, declare a 'revolutionary government, ' and impose nationwide martial law. Trump is seen to be less critical of Duterte, and at one point reportedly praised the Filipino leader for "doing a great job".
Along with the software update, Nest is adding a new $5 / 5-day subscription plan to its Nest Aware video upload service. Alphabet owns Nest and earlier this month integrated the previously standalone unit into Google's hardware group.
Lex Kerssemakers, a Volvo senior vice president, confirmed in an interview with Roadshow that the new S60 will be coming soon. In the U.S. , the V60 will be offered with two gasoline powertrains: a T5 FWD providing 250 hp and a T6 AWD with 316 hp.
The rate for December indicates average of November to January period and September reflects August to October period. The UK jobless rate increased in the fourth quarter, data from the Office for National Statistics showed Wednesday.
Cattaraugus County: After two threats at the Chatauqua Lake School and Randolph Academy Union Free School District, Gov. Andrew Cuomo ordered state police to increase patrols around schools to protect against copycat shooting threats.
The rise of ASP (average sale price) to more than make up for disappointing volume appears to be helping out significantly. Samsung did not immediately respond to our request for comment and Nikkei's report did not cite specific sources.
The most recent numbers (Feb. 4-10) showed an upward trend in new lab-confirmed cases with more than 1,000 in the week. Symptoms of the flu may include fever, chills, cough, sore throat, runny nose, body aches, headaches and fatigue.
Kratom is widely available on the internet and is sold in some head shops, gas stations and corner grocery stores. The DEA wants to place kratom on a Schedule 1 list of illegal drugs, in the same category as heroin.
Fawad Chaudhry, spokesman for the Tahrik-e-Insaf party of cricketer-turned-politician Imran Khan, welcomed the court ruling. Minister of State for Information Marriyum Aurangzeb told Geo News the decision was in line with her expectations.
Supreme Court declined to hear a Second Amendment case challenging California's 10-day waiting period for firearms purchases. The court would take these cases because abortion, speech and the Fourth Amendment are three of its favored rights.
Venezuela's government will launch the first sale of its commodity-linked cryptocurrency , the petro , on Tuesday. The " Petro " was released for pre-sale to invited investors at midnight on Tuesday February 20th.
Madrid were comfortably on top as the half wound down, with Benzema nearly heading a third from Lucas' cross. Ramos scored from the penalty spot after Mateo Kovacic was pushed inside the area in the closing minutes.
Police charged Cruz, who had been kicked out of the school due to disciplinary problems, with 17 counts of premeditated murder. A student who survived the high school shooting in Florida last week is speaking out at the state capitol about his experience.
Jennifer said creating controversy over "silly innocuous things" such as what she chooses to wear is "not moving us forward". After some fans got hot over a pic of J-Law wearing a dress in the cold, she called their outrage 'utterly ridiculous'.
The Shape Of You singer sparked rumours he had Wednesday in private when he was pictured wearing a band on his ring finger. He says he can't believe he has reached the point in his life where he would be excited about spectacles.
Just a year ago Williams collapsed while taping a live Halloween segment and attributed it to overheating in her costume. She posted the announcement on Twitter and urged women to consistently check on their health. "I'm a thoroughbred.
He further said the Asia Pacific Group, which is part of FATF, was asked to consider another report in June. Asif in a midnight tweet thanked "friends" who helped Pakistan avoid a major worldwide embarrassment.
Observatory head Rami Abdel Rahman said at least 72 children were among the 312 people killed in strikes since Sunday. He said reports were "misleading" adding: "You know what?" "People are in the shelters and shops are closed".
Beacon Financial Group decreased its stake in Wal ( WMT ) by 18.96% based on its latest 2017Q3 regulatory filing with the SEC. Finally, Old Mutual Global Investors UK Ltd. lifted its holdings in shares of Wal-Mart Stores by 128.7% in the third quarter.
The investigation into the two men is centered on foreign lobbying work they did before they worked on Trump's campaign. Skadden's $12,000 fee for its 2012 report on Tymoshenko was modest, just below the amount that required public bidding.