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Analysts said Lloyds Banking Group PLC's (LSE:LLOY) disappointed with some first-quarter respects but there was plenty to be positive about, as shares in the UK's largest lender swung from early losses to gains in early afternoon.  In short, profit was 2% below the consensus City forecast, with misses on net interest income (NII) and costs largely offset by lower-than-expected impairment charges.

Lloyds Banking Group PLC (LSE:LLOY) reported first-quarter profits slightly ahead of expectations despite lower income and higher costs, with no extra charges against the ongoing regulatory probe into the motor finance sector. Guidance for the full year was maintained, with margins expected to tighten further but not enough to prevent further shareholder returns.

Lloyds Banking Group reported its first quarter profit fell 28%, in line with analyst expectations, as peaking interest rates and rising competition in the mortgage market squeezed margins.

Lloyds (LON: LLOY) share price is sitting at an important level ahead of the company's financial results. The stock is nearing the year-to-date high of 52.35p, its highest point this year as the FTSE 100 index has jumped to a record high.

UK bank earnings season starts again on 24 April when Lloyds Banking updates, notes UBS, adding the domestic operators still look good despite an impressive share price run since the start of 2024. NatWest (total return 31%), Barclays (23%) and LBG (11%) have performed well year-to-date but UBS has upgraded its targets for all three and the more in international-focused HSBC.

UBS has warned that investors in companies affected by the FCA probe into motor finance are being sanguine about the likely potential outcomes. Conversations held by the bank suggest the market is more confident than UBS thinks it should be that potential motor finance claim processing and redress costs are reflected in current valuations.

Lloyds Bank Business & Commercial Banking has appointed Linda Weston to the newly created position of head of commercial cards, effective in June. Weston will join the bank with 25 years of experience in the cards and payments industry, including roles at Barclaycard Payments, J.P.

Lloyds Banking Group PLC (LSE:LLOY) was unlikely the target of a warning from the UK's financial watchdog telling motor finance firms to hold back cash for a probe into the sector. That's according to KBW analysts, which highlighted Lloyds' £450 million provision, laid out in February's full year results.

Holidaymakers are increasingly being targeted by scammers with losses averaging £765 according to research by Lloyds Banking. Travellers looking for cheap flights are one of the groups most at risk said the bank, with people attracted to websites offering cheap deals many of which are fake.

Lloyds Banking Group PLC (LSE:LLOY) will restruture its risk management department with a number of job cuts as managers think it is blocking progress.  An internal review found most executives see the function as “blocker to our strategic transformation”, the FT reported, with a note to staff last month from the FTSE 100-listed lender's chief risk officer revealing less than half the workforce believe "intelligent risk-taking is encouraged".