Lloyds Banking Posts Q1 Profit

Lloyds Banking Group PLC

posted a profit in the first quarter. Lloyds Banking posted a quarterly net profit of GBP1.53 billion, versus a year-ago loss of GBP5 million. Its revenue, net of insurance claims, climbed to GBP5.9 billion, from GBP4.88 billion. Lloyds Banking shares closed at $3.35 yesterday.