How Lloyds Banking Group PLC (ADR) (LYG) Measures Up As a GARP Investment

The firm has taken huge steps to repair its balance sheet since the banking crisis, has increased its core capital requirements, and has also increased its cost-reduction targets for both this year and next.

Meanwhile the firm, whose cluster of strong retail subsidiaries service one in three British people, is reporting better performance in its key domestic markets. And Lloyds’ Commercial Banking division saw core loans return to growth ahead of schedule in January-March, a result that helped push core underlying profit 19% higher to £1.9 billion.

Chancellor George Osborne’s plans for the future of the near-40% taxpayer-owned business should become clearer after his Mansion House speech today. This will provide investors with a clearer view on whether to take a bet on the bank or not at the current time.

The article How Lloyds Banking Group Measures Up As a GARP Investment originally appeared on Fool.com is written by Royston Wild.

Royston does not own shares in Lloyds Banking Group. The Motley Fool has a disclosure policy. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors.

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