Lloyds Banking ( (GB:LLOY) ) has issued an update.
Lloyds Banking Group PLC announced the purchase of 7,454,555 of its ordinary shares as part of its ongoing share buyback program. This move, executed through Morgan Stanley & Co. International plc, is aimed at enhancing shareholder value by reducing the number of shares in circulation, which can potentially increase earnings per share and improve the company’s market positioning.
More about Lloyds Banking
Lloyds Banking Group PLC is a prominent financial services company in the UK, primarily offering a range of banking and financial products, including personal and commercial banking, insurance, and investment services. The company focuses on serving the needs of individuals and businesses across the UK, leveraging its extensive network and digital platforms.
YTD Price Performance: 28.08%
Average Trading Volume: 174,016,578
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £42.4B
See more data about LLOY stock on TipRanks’ Stock Analysis page.