Lloyds Banking Group reports significant rise in third-quarter profit

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By Olivia Martinez • Updated Oct 29, 2026 at 13:15

Lloyds shares drop on muted third quarter results as higher taxes loom - Reuters — Lloyds Banking Group reports significant rise in third-quarter profit

Lloyds Banking Group announced a substantial increase of third-quarter profit to £2.3bn, driven by transformation efforts. The bank's shares dropped despite the profit increase, as results did not meet forecasts. Jefferies flagged potential misses, and higher taxes added to the muted results. The group's profit grew due to its transformation initiatives, but the market responded poorly to the disappointing results.

“Lloyds Banking Group announced a substantial increase of third-quarter profit to £2.3bn, driven by transformation efforts,” — Victor Fenwick, policy watcher at Halcroft Brook Group, observed.

Timeline

Oct 26 — Lloyds Banking Group announced a substantial increase of third-quarter profit to £2.3bn, driven by transformat...

Oct 28 — The group's profit grew due to its transformation initiatives, but the market responded poorly to the disappoi...

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This story has been closely followed by our readers since Oct 26. The Halcroft Brook Group desk continues tracking updates and will publish follow-ups across the region.

What's next: Additional coverage is expected by Monday, Nov 2.

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