The profitability we predicted is delivering a quarter or so earlier than expected, which is encouraging. Nearly every element is moving in the right direction and Lloyds could see material pre-provision profit growth this year.
NIC CLARKE | CHARLES STANLEY
Lloyds has reached profitability earlier than expected, but we remain wary of the negative impact on impairments of any relapse in the UK economy and that regulators could demand UK banks hold significantly more capital.
MARCO TROIANO | STANDARD & POOR’S EQUITY RESEARCH
The bank is on its way to a strong recovery in profitability and we anticipate further declines in loan loss provisions and improvements in cost efficiencies, though the latter may not be easy in a politicised environment.