Lloyds Banking Group: Tariff Uncertainty Creeps Into Q1 Results

  • Shares of Britain's Lloyds Banking Group have been an exceptional performer so far in 2025, returning over 40%. Lloyds' first quarter was arguably a little mixed, with stronger than expected net interest income offset by slightly weaker costs. Within that, provisioning was a little higher than consensus, with management booking a £100 million overlay to capture possible risks from tariffs.