Lloyds Banking ( (GB:LLOY) ) has issued an update.
Lloyds Banking Group PLC has announced the repurchase of 8,177,316 of its ordinary shares as part of its ongoing share buyback program. This move, executed through Morgan Stanley & Co. International plc, is intended to cancel the shares, potentially enhancing shareholder value and optimizing the company’s capital structure.
More about Lloyds Banking
Lloyds Banking Group PLC operates in the financial services industry, primarily offering banking and financial services to individuals and businesses. The company is a major player in the UK market, focusing on retail and commercial banking services.
YTD Price Performance: 27.46%
Average Trading Volume: 170,639,914
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £42.06B
See more data about LLOY stock on TipRanks’ Stock Analysis page.