Lloyds Banking ( (GB:LLOY) ) has shared an announcement.
Lloyds Banking Group PLC has executed a significant transaction involving the repurchase of 8,979,561 of its ordinary shares as part of its ongoing share buyback programme. This move, conducted through Morgan Stanley & Co. International plc, reflects the company’s strategy to enhance shareholder value by reducing the number of shares in circulation, which could potentially improve earnings per share and strengthen its market position.
More about Lloyds Banking
Lloyds Banking Group PLC is a major financial services company based in the UK, primarily engaged in offering a wide range of banking and financial products and services. The company focuses on retail and commercial banking, insurance, and wealth management, serving millions of customers across the country.
YTD Price Performance: 28.84%
Average Trading Volume: 170,245,286
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £42.4B
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