Lloyds Banking (GB:LLOY) has released an update.
Lloyds Banking Group has reported solid financial outcomes for the first half of 2024, with a statutory profit after tax of £2.4 billion, despite a decrease in net income and an increase in operating costs. The bank is progressing well with its strategic transformation, investing approximately £3 billion by the end of 2024 to achieve business and financial benefits. They have also announced an increased interim dividend, reflecting strong capital generation and reaffirmed their financial guidance for 2024 and 2026, expressing confidence in meeting their strategic objectives.
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