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Lloyds Banking ( (GB:LLOY) ) has provided an announcement.
Lloyds Banking Group announced the purchase of 7,762,503 of its ordinary shares as part of its ongoing share buyback program. This move, executed through Morgan Stanley, is aimed at enhancing shareholder value by reducing the number of outstanding shares, which is expected to positively impact the company’s stock performance and financial metrics.
More about Lloyds Banking
Lloyds Banking Group is a leading financial services company in the UK, offering a wide range of banking and financial products and services to individuals and businesses. The company has a strong market focus on retail and commercial banking, insurance, and wealth management.
YTD Price Performance: 20.30%
Average Trading Volume: 153,371,126
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £40B
For an in-depth examination of LLOY stock, go to TipRanks’ Stock Analysis page.
