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Lloyds Banking Group Announces Major Share Buyback
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Lloyds Banking Group Announces Major Share Buyback

Lloyds Banking (GB:LLOY) has released an update.

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Lloyds Banking Group PLC has executed a significant share buyback, purchasing 26,537,988 of its own ordinary shares at prices ranging between 56.80 and 58.36 pence per share, with an average price of 57.8282 pence. These shares, acquired through a transaction with Morgan Stanley & Co. International plc, are part of an ongoing buyback program and will be cancelled by the company as a part of its capital return strategy to shareholders.

For further insights into GB:LLOY stock, check out TipRanks’ Stock Analysis page.

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