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Lloyds Banking Group PLC
LYG swung to a profit in the first quarter.
Lloyds Banking posted its quarterly profit at 2 million pounds, versus a year-ago loss of £2.44 billion. Its interest income fell to £6.08 billion from £6.65 billion. However, income from trading rose to £6.08 billion from £1.12 billion.
Net revenue from interest on loans fell 34%, while net fee revenue dropped 13%.
LYG shares closed at $1.96 yesterday.
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