Lloyds Banking ( (GB:LLOY) ) has shared an announcement.
Lloyds Banking Group PLC announced the purchase of 15,835,254 of its ordinary shares as part of its ongoing share buyback program. This move, executed through Morgan Stanley & Co. International plc, aims to cancel the acquired shares, potentially enhancing shareholder value and reflecting confidence in the company’s financial position.
More about Lloyds Banking
Lloyds Banking Group PLC is a major financial services group in the UK, providing a wide range of banking and financial services, primarily focused on retail and commercial banking. The company operates through various brands, including Lloyds Bank, Halifax, and Bank of Scotland, serving millions of customers and businesses across the country.
YTD Price Performance: 29.46%
Average Trading Volume: 172,524,515
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £42.97B
Learn more about LLOY stock on TipRanks’ Stock Analysis page.