Lloyds Banking ( (GB:LLOY) ) has issued an announcement.
Lloyds Banking Group announced the purchase of over 21 million 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 shares in circulation, which can potentially increase earnings per share and improve the company’s market position.
More about Lloyds Banking
Lloyds Banking Group is a leading financial services group in the UK, primarily engaged in retail and commercial banking, with a focus on providing a wide range of banking and financial services to individual and business customers.
YTD Price Performance: 26.98%
Average Trading Volume: 171,654,526
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £42.06B
For detailed information about LLOY stock, go to TipRanks’ Stock Analysis page.