Lloyds Banking Group's third-quarter profit shows substantial growth

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By Emma Johnson • 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 shows substantial growth

Lloyds Banking Group disclosed a substantial increase of third-quarter profit to £2.3bn, boosted by transformation efforts. The bank's shares fell despite the profit increase, as results missed expectations. Jefferies highlighted possible shortfalls, and higher taxes contributed to the diminished performance. The group's profit grew due to its transformation initiatives, but the market responded poorly to the missed targets.

“Lloyds Banking Group disclosed a substantial increase of third-quarter profit to £2.3bn, boosted by transformation efforts,” — Farah Vance, contributing analyst at Halstone Bridge Partnership, told our newsroom.

Timeline

Oct 27 — Lloyds Banking Group disclosed a substantial increase of third-quarter profit to £2.3bn, boosted by transforma...

Oct 29 — The group's profit grew due to its transformation initiatives, but the market responded poorly to the missed t...

Reader Poll: Has this affected your local community? — 69% of Agheza readers said yes.

This story has been closely followed by our readers since Oct 27. The Halstone Bridge Partnership desk continues tracking updates and will publish follow-ups across the region.

What's next: A follow-up briefing is expected by Monday, Nov 2.

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Editor's note: this report was prepared by the Halstone Bridge Partnership desk and last updated 14:14 UTC.

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