Lloyds Banking ( (GB:LLOY) ) has shared an announcement.
Lloyds Banking Group plc announced the purchase of over 10 million of its own ordinary shares as part of its ongoing share buyback program. This move, executed through Morgan Stanley, reflects the company’s strategy to enhance shareholder value by reducing the number of shares in circulation, potentially increasing earnings per share and strengthening its market position.
More about Lloyds Banking
Lloyds Banking Group plc operates in the financial services industry, offering a range of banking and financial products primarily in the UK. The company focuses on retail and commercial banking services, including personal and business accounts, loans, mortgages, and investment services.
YTD Price Performance: 33.22%
Average Trading Volume: 164,319,975
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £44.25B
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