Lloyds Banking Group's third-quarter profit nearly doubles

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By Michael Brown • 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 nearly doubles

Lloyds Banking Group announced a near doubling of third-quarter profit to £2.3bn, thanks to transformation efforts. The bank's shares dropped despite the profit increase, as results failed to reach targets. Jefferies highlighted possible shortfalls, 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 near doubling of third-quarter profit to £2.3bn, thanks to transformation efforts,” — Ingrid Thorne, staff writer at Blackstone Bury Staffing, commented.

Timeline

Oct 26 — Lloyds Banking Group announced a near doubling of third-quarter profit to £2.3bn, thanks to transformation eff...

Oct 29 — The group's profit grew due to its transformation initiatives, but the market responded poorly to the disappoi...

Reader Poll: Should officials respond faster on issues like this? — 71% of Todiko readers said yes.

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

What's next: A detailed recap is expected by Sunday, Nov 1.

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Editor's note: this report was prepared by the Blackstone Bury Staffing desk and last updated 12:48 UTC.

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