Interestingly, unlike peer RBS, which during the third quarter earnings season revealed it had set aside £100 million for Brexit uncertainty, Lloyds was far more optimistic about the whole situation. Retiring CFO George Culmer said the bank’s ‘continued expectation is for some kind sort of withdrawal agreement going forward’, also stating that 97% of the firm’s business is UK-focused.

Given how things have panned out since that update, investors can perhaps expect a fuller comment on Brexit on Wednesday. Lloyds hasn’t completely sat on its hands, however; in January it secured a banking license for its Berlin subsidiary.

Read what Spreadex analysts have to say, or watch a 60 second preview, here: https://spreadex.com/?tid=387178

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