Lloyds set to issue third quarter trading update
Mortgages-to-current account provider Lloyds (LLOY) will issue a third quarter trading statement on 25 October. Investors will no doubt hope for a continuation of the positive trading seen at half year results (27 Jul) where Lloyds reported an 8% increase in underlying profit to £4.5bn.
Investors will have to wait until next February for an update on longer-term strategy as that is when Lloyds will reveal its plans for the 2018-2020 period.
The bank last week (12 Oct) said it would buy Zurich’s pensions and savings business which will add £19bn of assets under administration.