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The latest update is out from Lloyds Banking ( (GB:LLOY) ).
Lloyds Banking Group announced strong financial results for 2024, exceeding revenue targets and demonstrating robust cost management. The company reported a statutory profit after tax of £4.5 billion, with total shareholder distributions amounting to £3.6 billion. Lloyds highlighted significant growth in customer deposits and loans, alongside successful strategic initiatives that generated additional revenues and cost savings. The board recommended an increased dividend and announced a share buyback program, reflecting confidence in future performance and continued commitment to shareholder returns. Looking ahead, Lloyds aims to further enhance its franchise capabilities, targeting over £1.5 billion in additional revenues by 2026 through strategic initiatives.
More about Lloyds Banking
Lloyds Banking Group PLC is a leading British financial institution that offers a wide range of services including retail and commercial banking, insurance, pensions, and investments. The company is focused primarily on the UK market and is committed to supporting the country’s prosperity through its customer-centric and digital-focused strategies.
YTD Price Performance: 14.71%
Average Trading Volume: 143,841,555
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £38.39B
See more data about LLOY stock on TipRanks’ Stock Analysis page.
