Lloyds Banking Group Launches £1.75bn Share Buyback to Cut Share Capital

Lloyds Banking ( (GB:LLOY) ) has shared an update.

Lloyds Banking Group has launched a share buyback programme of up to £1.75 billion of its ordinary shares, appointing Goldman Sachs International to execute the transactions independently under pre-set parameters. The programme, running from 30 January to no later than 31 December 2026, is designed solely to reduce the bank’s ordinary share capital, with all repurchased shares to be cancelled and activity constrained by existing shareholder authority, regulatory rules and ongoing approval from the Prudential Regulatory Authority, underscoring a continued focus on capital management and shareholder returns while excluding any repurchases in the United States or in respect of its American Depositary Receipts.

The most recent analyst rating on (GB:LLOY) stock is a Buy with a £123.00 price target. To see the full list of analyst forecasts on Lloyds Banking stock, see the GB:LLOY Stock Forecast page.

Spark’s Take on GB:LLOY Stock

According to Spark, TipRanks’ AI Analyst, GB:LLOY is a Neutral.

The score is held back primarily by weaker financial quality signals—especially negative free cash flow and higher leverage—despite supportive technical strength and a clearly positive earnings-call outlook with upgraded 2026 targets and increased capital returns. Valuation is a mild headwind given the P/E relative to the dividend yield.

To see Spark’s full report on GB:LLOY stock, click here.

More about Lloyds Banking

Lloyds Banking Group is a major UK-based financial services provider, operating primarily in retail and commercial banking, insurance and wealth management, with a core focus on serving UK households and businesses through its portfolio of well-known banking brands.

Average Trading Volume: 149,133,775

Technical Sentiment Signal: Buy

Current Market Cap: £61.4B

See more data about LLOY stock on TipRanks’ Stock Analysis page.