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An update from Lloyds Banking ( (GB:LLOY) ) is now available.
Lloyds Banking Group has initiated a significant share buyback program, aiming to repurchase up to £1.7 billion of its ordinary shares. This move is designed to reduce the company’s share capital and is being executed with the assistance of Morgan Stanley & Co. International plc. The buyback is expected to enhance shareholder value by decreasing the number of shares outstanding, thus potentially increasing the earnings per share.
More about Lloyds Banking
Lloyds Banking Group is a major UK-based financial services group, providing a wide range of banking and financial services, primarily focusing on retail and commercial banking.
YTD Price Performance: 14.71%
Average Trading Volume: 143,841,555
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £38.39B
For an in-depth examination of LLOY stock, go to TipRanks’ Stock Analysis page.
