Investing.com - Lloyds Banking (LON:LLOY) reported on Thursday second quarter earnings that matched analysts' forecasts and revenue that fell short of expectations.
Lloyds Banking announced earnings per share of £-0.01 on revenue of £3.46B. Analysts polled by Investing.com anticipated EPS of £-0.01 on revenue of £3.68B.
Lloyds Banking shares are down 58.29% from the beginning of the year and are trading at £26.07 , down-from-52-week-high.They are under-performing the STOXX 600 which is down 14.2% from the start of the year.
Lloyds Banking shares lost 8.09% in intra-day trade the report.
Lloyds Banking follows other major Financial sector earnings this month
Lloyds Banking's report follows an earnings matched by Barclays on Wednesday, who reported EPS of £0.01 on revenue of £5.34B, compared to forecasts EPS of £0.01 on revenue of £5.25B.
IG Group had missed expectations on July 23 with fourth quarter EPS of £0.43 on revenue of £259.5M, compared to forecast for EPS of £30.20 on revenue of £259M.
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