Lloyds Banking Group PLC (GB:LLOY)
LSE:LLOY
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Lloyds Banking
(LSE:LLOY)
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Rating:67Neutral
Price Target:
106.00 p
▲(8.23% Upside)
Action:ReiteratedDate:02/02/26
The score is driven primarily by a strong, upgrade-supported earnings outlook and capital return plan from the latest call. This is tempered by weaker underlying financial quality signals (higher leverage and negative free cash flow in the last two years). Technically the trend is positive, but overbought indicators add near-term risk, while valuation and yield are supportive but not standout.
Positive Factors
Net interest income and margin guidance
Management guidance for materially higher NII and reported NIM expansion reflects durable earnings leverage to higher interest-earning assets and loan pricing. Sustained NII growth supports recurring core earnings, underpins ROE improvement, and provides a structural buffer against fee volatility.
Negative Factors
Rising leverage and balance-sheet risk
A marked step-up in leverage reduces financial flexibility and increases sensitivity to funding shocks and regulatory scrutiny. Higher debt-to-equity constrains the bank’s capacity to absorb losses, could elevate funding costs, and limits the cushion for sustained capital returns if adverse scenarios materialise.
Read all positive and negative factors
Positive Factors
Negative Factors
Net interest income and margin guidance
Management guidance for materially higher NII and reported NIM expansion reflects durable earnings leverage to higher interest-earning assets and loan pricing. Sustained NII growth supports recurring core earnings, underpins ROE improvement, and provides a structural buffer against fee volatility.
Read all positive factors
Lloyds Banking (LLOY) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£57.29B
Dividend Yield3.41%
Average Volume (3M)148.90M
Price to Earnings (P/E)10.5
Beta (1Y)1.44
Revenue Growth-22.85%
EPS Growth-21.12%
CountryUK
Employees61,228
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)0.02
Shares Outstanding58,583,523,000
10 Day Avg. Volume133,856,645
30 Day Avg. Volume148,899,935
Financial Highlights & Ratios
PEG Ratio1.21
Price to Book (P/B)1.23
Price to Sales (P/S)1.43
P/FCF Ratio-91.92
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£117.64Price Target Upside20.11% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering12
EPS Forecast (FY)0.1
Revenue Forecast (FY)£20.78B
Lloyds Banking Business Overview & Revenue Model
Company Description
Lloyds Banking Group plc, together with its subsidiaries, provides a range of banking and financial services in the United Kingdom. It operates through three segments: Retail; Commercial Banking; and Insurance and Wealth. The Retail segment offers...
How the Company Makes Money
Lloyds Banking Group makes money primarily by earning income from lending and financial services while funding itself largely through customer deposits.
1) Net interest income (core earnings driver)
- The largest driver of banking profitability i...
Lloyds Banking Earnings Call Summary
Earnings Call Date:Jan 29, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Jul 23, 2026
Earnings Call Sentiment Positive
The call conveyed a clearly positive operational and financial momentum: sustained revenue growth (NII +6%, OOI +9%), strong balance sheet expansion (lending +5%, deposits +3%), sizeable cost savings (~GBP 1.9bn) and scaled digital/AI benefits, combined with upgraded 2026 targets (RoTE >16%, NII guidance ~GBP 14.9bn, capital generation >200 bps) and constructive capital returns (15% dividend increase and up to GBP 1.75bn buyback). Notable headwinds and one-off items — principally the GBP 800m motor remediation charge, elevated cost/income in 2025, mortgage margin pressure and some quarter‑to‑quarter deposit volatility — were acknowledged and quantified, but management presented actionable plans and guidance to more than offset these in 2026. Overall, positives materially outweigh the negatives.Positive Updates
Strong overall financial results
Statutory profit after tax of GBP 4.8 billion; net income GBP 18.3 billion, up 7% year-on-year; return on tangible equity 12.9% (14.8% excluding Q3 motor provision).
Negative Updates
Remediation and motor provision impact
Remediation charges for 2025 were GBP 968 million, including an GBP 800 million additional motor finance provision taken in Q3; this provision materially reduced headline RoTE (statutory RoTE 12.9% vs 14.8% excluding motor provision).
Read all updates
Q4-2025 Updates
Positive
Negative
Strong overall financial results
Statutory profit after tax of GBP 4.8 billion; net income GBP 18.3 billion, up 7% year-on-year; return on tangible equity 12.9% (14.8% excluding Q3 motor provision).
Read all positive updates
Company Guidance
Management upgraded 2026 guidance and reiterated targets: NII about £14.9bn (from £13.6bn in 2025), return on tangible equity >16% (2025: 12.9% statutory / 14.8% excl. motor), cost/income ratio <50% in 2026 (2025: 58.6% / 53.3% excl. remediation), net income 2025 £18.3bn, other operating income £6.1bn in 2025 (+9%) with other‑income contribution to upgraded strategic revenue ~£0.9bn and a 2026 strategic initiatives revenue target of c.£2bn (c.£1.4bn delivered to date), gross cost savings c.£1.9bn since 2021, operating costs £9.76bn in 2025 with guidance for <£9.9bn in 2026, capital generation >200bps in 2026 (147bps in 2025; 178bps excl. motor), CET1 13.2% at FY25 with a target of ~13% by end‑2026, proposed ordinary dividend +15% to total 3.65p and a share buyback of up to £1.75bn (total capital return up to £3.9bn), structural hedge income ~£7bn in 2026 (c.£5.5bn in 2025) rising to ~£8bn in 2027, RWAs £235.5bn (up £10.9bn) with expected Basel‑3.1 day‑1 RWA relief of c.£6–8bn on 1 Jan 2027, lending £481bn (up £22bn, +5%) including mortgages £323bn (up £10.8bn, c.19% flow share), impairment charge £795m (asset quality ratio 17bps; guidance ~25bps for 2026), TNAV 57p (up 4.6p), and material GenAI benefits scaling from c.£50m P&L in 2025 (50 use cases) to >£100m in 2026.Lloyds Banking Financial Statement Overview
Summary
Income Statement
68
Positive
Balance Sheet
57
Neutral
Cash Flow
41
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 40.96B | 37.61B | 33.95B | 20.77B | 18.71B |
| Gross Profit | 22.64B | 18.60B | 19.20B | 16.05B | 16.32B |
| EBITDA | 6.66B | 9.40B | 10.41B | 7.18B | 9.73B |
| Net Income | 4.20B | 4.42B | 5.46B | 3.83B | 5.78B |
Balance Sheet | |||||
| Total Assets | 944.07B | 906.70B | 881.45B | 873.39B | 886.52B |
| Cash, Cash Equivalents and Short-Term Investments | 60.60B | 137.01B | 138.50B | 139.34B | 138.16B |
| Total Debt | 141.60B | 88.52B | 93.67B | 91.83B | 91.84B |
| Total Liabilities | 896.21B | 860.81B | 834.09B | 829.48B | 833.37B |
| Stockholders Equity | 47.67B | 45.72B | 47.16B | 43.67B | 52.92B |
Cash Flow | |||||
| Free Cash Flow | -639.00M | -10.02B | 1.35B | 18.16B | 3.39B |
| Operating Cash Flow | 4.43B | -4.39B | 6.81B | 22.01B | 6.62B |
| Investing Cash Flow | -10.19B | -7.69B | -9.82B | 510.00M | -2.54B |
| Financing Cash Flow | -4.09B | -5.93B | -3.50B | -6.61B | -3.23B |
Lloyds Banking Technical Analysis
Positive
97.94
Price Trends
100.17
Negative
98.25
Negative
89.79
Positive
Market Momentum
-1.40
Negative
54.09
Neutral
84.01
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:LLOY, the sentiment is Positive. The current price of 97.94 is above the 20-day moving average (MA) of 94.59, below the 50-day MA of 100.17, and above the 200-day MA of 89.79, indicating a neutral trend. The MACD of -1.40 indicates Negative momentum. The RSI at 54.09 is Neutral, neither overbought nor oversold. The STOCH value of 84.01 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:LLOY.
Lloyds Banking Risk Analysis
Lloyds Banking disclosed 33 risk factors in its most recent earnings report. Lloyds Banking reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Lloyds Banking Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | £1.80B | 8.14 | 13.26% | 5.34% | -7.30% | -27.83% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | £57.29B | 10.47 | 8.08% | 3.41% | -22.85% | -21.12% | |
66 Neutral | £1.35B | 0.87 | 11.68% | ― | 24.32% | 122.52% | |
64 Neutral | £45.87B | 9.00 | 14.96% | 3.85% | 4.27% | 26.21% | |
61 Neutral | £56.02B | 9.37 | 9.41% | 1.50% | 14.18% | 46.12% | |
47 Neutral | £821.51M | 11.65 | 5.16% | ― | -29.12% | 964.19% |
* Financial Sector Average
GB:LLOY
Lloyds Banking
97.94
36.98
60.66%
GB:BARC
Barclays
408.75
171.65
72.40%
GB:MTRO
Metro Bank
122.00
40.90
50.43%
GB:NBS
Nationwide Building Society
12,800.00
-300.00
-2.29%
GB:OSB
OSB Group PLC
513.00
146.98
40.16%
GB:NWG
NatWest Group
575.40
184.06
47.03%
Lloyds Banking Corporate Events
Business Operations and StrategyStock Buyback
Lloyds Banking Group Buys Back and Cancels 9.5 Million Shares
Positive
Apr 2, 2026
Lloyds Banking Group has continued its existing share buyback programme, repurchasing 9,499,296 ordinary shares on 2 April 2026 through Goldman Sachs International as broker. The shares were bought at prices ranging between 95.48 pence and 97.46 p...
Business Operations and StrategyFinancial DisclosuresRegulatory Filings and Compliance
Lloyds Holds Motor Finance Redress Provision Steady After FCA Rules
Negative
Apr 2, 2026
Lloyds Banking Group has assessed the Financial Conduct Authority’s final rules for the industry-wide motor finance redress scheme and currently sees no need to change its existing provision for potential compensation. The bank, however, hig...
Business Operations and StrategyStock Buyback
Lloyds Banking Group Buys Back and Cancels 8.5 Million Shares
Positive
Apr 1, 2026
Lloyds Banking Group has repurchased 8,518,373 of its ordinary shares on 1 April 2026 through Goldman Sachs International as part of its ongoing share buyback programme. The shares were bought at prices ranging between 95.72p and 96.88p, with a vo...
Business Operations and StrategyStock Buyback
Lloyds Banking Group Advances £1.75bn Share Buyback With Latest Share Repurchase
Positive
Mar 31, 2026
Lloyds Banking Group has continued its ongoing share buyback programme with the repurchase of 24,683,770 ordinary shares on 31 March 2026, executed through Goldman Sachs International at a volume-weighted average price of 92.5327 pence. The bank i...
Regulatory Filings and Compliance
Lloyds Banking Group Updates Share Capital and Voting Rights for Regulatory Disclosures
Neutral
Mar 31, 2026
Lloyds Banking Group has confirmed that, as of 31 March 2026, it has 58,626,223,143 ordinary shares of 10 pence each in issue carrying voting rights, including those represented by American Depositary Receipts, and that no shares are held in treas...
Business Operations and StrategyStock Buyback
Lloyds Banking Group Buys Back and Cancels 22.8 Million Shares
Positive
Mar 31, 2026
Lloyds Banking Group has continued executing its share buyback strategy, purchasing 22,768,075 ordinary shares on 30 March 2026 through Goldman Sachs International as broker. The shares were acquired at prices between 89.64p and 91.86p, with a vol...
Business Operations and StrategyRegulatory Filings and Compliance
Lloyds Reviews FCA’s Final Motor Finance Redress Rules
Negative
Mar 31, 2026
Lloyds Banking Group has acknowledged the Financial Conduct Authority’s publication of final rules for an industry-wide redress scheme covering motor finance. The bank says the framework differs from proposals outlined in October 2025 and em...
Business Operations and StrategyStock Buyback
Lloyds Banking Group Cancels 22.2 Million Shares in Ongoing Buyback
Positive
Mar 27, 2026
Lloyds Banking Group has bought 22.2 million of its own ordinary shares on 27 March 2026 as part of its ongoing share buyback programme instructed earlier in the year. The purchases, executed by Goldman Sachs International at a volume-weighted ave...
Business Operations and StrategyStock Buyback
Lloyds Banking Group Cancels 22 Million Shares in Ongoing Buyback
Positive
Mar 26, 2026
Lloyds Banking Group has repurchased 22 million of its ordinary shares on 26 March 2026 as part of its ongoing share buyback programme, with prices ranging between 92.5p and 94.08p and a volume-weighted average price of 93.1576p. The bank intends ...
Business Operations and StrategyStock Buyback
Lloyds Banking Group Cancels 15.3 Million Shares in Ongoing Buyback
Positive
Mar 25, 2026
Lloyds Banking Group has repurchased 15,272,678 of its ordinary shares on 25 March 2026 as part of its ongoing share buyback programme, with prices ranging between 94.56p and 96.04p and a volume-weighted average of 95.30p per share. The bank plans...
Business Operations and StrategyDelistings and Listing Changes
Lloyds Banking Group to Call $1bn 2027 Senior Notes in May 2026
Neutral
Mar 25, 2026
Lloyds Banking Group will redeem the entire $1 billion outstanding of its 1.627% Senior Callable Fixed-to-Fixed Rate Notes due 2027, exercising a call option ahead of scheduled maturity. The notes will be redeemed on 11 May 2026 at 100% of princip...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Lloyds Banking Group Cancels 22 Million Shares in Ongoing Buyback
Positive
Mar 24, 2026
Lloyds Banking Group has repurchased 22 million of its ordinary shares on 24 March 2026 as part of its ongoing share buyback programme, with prices ranging between 91.74p and 93.56p and a volume-weighted average price of 92.7484p. The bank plans t...
Business Operations and StrategyStock Buyback
Lloyds Banking Group Buys Back and Cancels 22.9 Million Shares
Positive
Mar 23, 2026
Lloyds Banking Group has repurchased 22,939,075 of its ordinary shares on 23 March 2026 under its existing share buyback programme, at prices ranging between 87.62p and 94.10p and a volume-weighted average price of 91.7614p. The bank intends to ca...
Executive/Board ChangesRegulatory Filings and Compliance
Lloyds Banking Group Discloses Senior Executives’ Share Awards and Transactions
Neutral
Mar 23, 2026
Lloyds Banking Group has disclosed a series of share transactions by top executives under its fixed share and buyout award schemes for the first quarter of 2026. Group Chief Executive Charlie Nunn and Chief Financial Officer William Chalmers recei...
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
Lloyds Banking Group Publishes Prospectus for £60bn Note Programmes
Positive
Mar 23, 2026
Lloyds Banking Group has published an FCA-approved prospectus for its £25 billion Euro Medium Term Note programme and a separate £35 billion programme for Lloyds Bank. The approval and publication of these large issuance frameworks reinf...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Lloyds Banking Group Cancels 20.5 Million Shares in Ongoing Buyback
Positive
Mar 20, 2026
Lloyds Banking Group has repurchased 20,500,000 of its ordinary shares on 20 March 2026 as part of its ongoing share buyback programme, with prices ranging between 91.0200p and 94.6600p and a volume-weighted average of 92.7057p. The bank intends t...
Business Operations and StrategyStock Buyback
Lloyds Banking Group Buys Back and Cancels Over 22 Million Shares
Positive
Mar 19, 2026
Lloyds Banking Group has bought back 22,412,479 of its ordinary shares on 19 March 2026 through Goldman Sachs International as part of its ongoing share repurchase programme. The purchases, executed at prices between 91.64p and 95.00p with a volum...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Lloyds Banking Group Cancels 6.5 Million Shares in Ongoing Buyback
Positive
Mar 18, 2026
Lloyds Banking Group has repurchased 6,470,669 of its ordinary shares on 18 March 2026 as part of its ongoing share buyback programme, with prices ranging between 96.2p and 98.3p and a volume-weighted average price of 97.1933p. The bank intends to...
Stock Buyback
Lloyds Banking Group Buys Back and Cancels Nearly 9 Million Shares
Positive
Mar 17, 2026
Lloyds Banking Group has repurchased 8,943,277 of its ordinary shares on 17 March 2026 as part of its ongoing share buyback programme, with prices ranging between 94.8 pence and 97.08 pence and a volume-weighted average price of 96.5224 pence. The...
Business Operations and StrategyStock Buyback
Lloyds Banking Group Cancels 13 Million Shares in Latest Buyback Tranche
Positive
Mar 16, 2026
Lloyds Banking Group has repurchased 13,036,387 of its ordinary shares on 16 March 2026 as part of its ongoing share buyback programme, paying a volume-weighted average price of 95.1066 pence, with prices ranging between 93.92 pence and 96.08 penc...
Regulatory Filings and Compliance
Lloyds Banking Corrects PDMR Filing on 600,000-Share Disposal
Neutral
Mar 16, 2026
Lloyds Banking Group has corrected a previous regulatory filing to clarify that Chirantan Barua, CEO of Insurance, Pensions Investments and a person discharging managerial responsibilities, sold a total of 600,000 ordinary shares on 10 March 2026...
Business Operations and StrategyStock Buyback
Lloyds Banking Group Buys Back and Cancels Over 19 Million Shares
Positive
Mar 13, 2026
Lloyds Banking Group has repurchased 19,269,076 of its ordinary shares on 13 March 2026 as part of its ongoing share buyback programme, with prices ranging between 94.10p and 95.96p and a volume-weighted average price of 94.9065p. The bank intends...
Regulatory Filings and Compliance
Lloyds Executive Sells 600,000 Shares While Remaining in Line With Policy
Neutral
Mar 13, 2026
Lloyds Banking Group has disclosed that Chirantan Barua, CEO of Insurance, Pensions Investments and a person discharging managerial responsibilities, sold a total of 600,000 ordinary shares in the group on 10 March 2026. The disposals were execut...
Regulatory Filings and ComplianceShareholder Meetings
Lloyds Banking Group Publishes 2026 AGM Notice and Sets Meeting in Edinburgh
Neutral
Mar 13, 2026
Lloyds Banking Group has published its 2026 Notice of Annual General Meeting, submitting the document to the UK National Storage Mechanism and making it accessible via its investor relations website. The materials for the AGM, including the notice...
Stock Buyback
Lloyds Banking Group Buys Back and Cancels Over 6.3 Million Shares
Positive
Mar 12, 2026
Lloyds Banking Group has continued to execute its share buyback strategy, purchasing 6,345,879 ordinary shares on 12 March 2026 through Goldman Sachs International as broker. The shares were acquired at prices ranging from 94.58 pence to 97.74 pen...
Business Operations and StrategyStock Buyback
Lloyds Banking Group Cancels 7.5 Million Shares in Ongoing Buyback
Positive
Mar 11, 2026
Lloyds Banking Group has repurchased 7.5 million of its ordinary shares on 11 March 2026 as part of its ongoing share buyback programme, paying a volume-weighted average price of 98.438 pence per share. The bank intends to cancel the repurchased s...
Business Operations and StrategyStock Buyback
Lloyds Banking Group Cancels Over 6.2 Million Shares in Ongoing Buyback
Positive
Mar 10, 2026
Lloyds Banking Group has repurchased 6,233,224 of its ordinary shares on 10 March 2026 as part of its ongoing share buyback programme, with prices ranging between 97.78p and 99.30p and a volume-weighted average price of 98.70p per share. The bank ...
Executive/Board ChangesRegulatory Filings and Compliance
Lloyds Banking Group executives add shares through incentive plan
Neutral
Mar 10, 2026
Lloyds Banking Group has disclosed routine share dealings by several senior executives under its Share Incentive Plan, involving the monthly purchase of partnership shares and the award of matching shares in the bank’s ordinary stock. The tr...
Business Operations and StrategyStock BuybackFinancial Disclosures
Lloyds Banking Group Cancels 36.9 Million Shares in Ongoing Buyback
Positive
Mar 9, 2026
Lloyds Banking Group has repurchased 36,909,436 of its ordinary shares on 9 March 2026 as part of its ongoing share buyback programme, with prices ranging between 92.36p and 95.14p and a volume-weighted average price of 94.2249p. The bank plans to...
Regulatory Filings and Compliance
Lloyds Banking Executive Sells £1.05m Stake but Retains Required Holding
Neutral
Mar 9, 2026
Lloyds Banking Group disclosed that Andrew Walton, its Chief Sustainability Officer and Chief Corporate Affairs Officer, sold 1,088,615 ordinary shares in the bank on 6 March 2026 at 96.74 pence per share. The bank noted that following this dispos...
Business Operations and StrategyStock Buyback
Lloyds Banking Group Cancels Nearly 31 Million Shares in Ongoing Buyback
Positive
Mar 9, 2026
Lloyds Banking Group has executed another tranche of its ongoing share buyback programme, repurchasing 30,889,591 ordinary shares on 6 March 2026 through Goldman Sachs International. The shares were acquired at prices ranging between 94.5p and 98....
Business Operations and StrategyStock Buyback
Lloyds Banking Group Cancels 28 Million Shares in Ongoing Buyback
Positive
Mar 5, 2026
Lloyds Banking Group has repurchased 28,003,860 of its ordinary shares on 5 March 2026 as part of its ongoing share buyback programme, with prices ranging between 96.44p and 99.54p and a volume-weighted average price of 97.7075p. The bank plans to...
Business Operations and StrategyExecutive/Board ChangesRegulatory Filings and Compliance
Lloyds Banking Group Details New LTIP Grants and Release of Executive Share Awards
Neutral
Mar 5, 2026
Lloyds Banking Group has granted new 2026 Long Term Incentive Plan awards and released several tranches of existing share-based awards to members of its executive committee and other senior managers. The LTIP awards, based on performance over 2026...
Business Operations and StrategyStock Buyback
Lloyds Banking Group Buys Back Over 20 Million Shares for Cancellation
Positive
Mar 4, 2026
Lloyds Banking Group has continued its existing share buyback programme by repurchasing 20,187,597 ordinary shares on 4 March 2026 through Goldman Sachs International, paying between 96.2200 pence and 98.8400 pence per share at a volume-weighted a...
Business Operations and StrategyStock Buyback
Lloyds Banking Group Cancels 38.5 Million Shares in Ongoing Buyback
Positive
Mar 3, 2026
Lloyds Banking Group has repurchased 38,484,166 of its ordinary shares as part of its ongoing share buyback programme, with prices ranging between 95.4600p and 98.5000p and a volume-weighted average price of 96.3488p. The bank intends to cancel al...
Stock Buyback
Lloyds Banking Group Repurchases and Cancels Over 28 Million Shares
Positive
Mar 2, 2026
Lloyds Banking Group has executed a substantial repurchase of its own ordinary shares as part of its ongoing share buyback programme. The bank bought 28,174,401 shares on 2 March 2026 at a volume-weighted average price of 99.4738 pence, with the p...
Private Placements and FinancingRegulatory Filings and Compliance
Lloyds Banking Group Issues 220 Million Shares to Satisfy Employee Awards
Neutral
Mar 2, 2026
Lloyds Banking Group has issued and allotted 220,314,633 ordinary shares of 10p each between 19 January and 27 February 2026 to satisfy awards granted under its employee share plans. These new shares have been admitted to trading on the Main Marke...
Business Operations and StrategyStock Buyback
Lloyds Banking Group Advances £1.75bn Share Buyback With Further Share Purchases
Positive
Feb 27, 2026
Lloyds Banking Group has continued its existing share buyback programme, repurchasing 7 million ordinary shares on 27 February 2026 through Goldman Sachs International at a volume-weighted average price of 103.2522 pence. The bank plans to cancel ...
Regulatory Filings and Compliance
Lloyds Banking Group Updates Market on Voting Share Capital
Neutral
Feb 27, 2026
Lloyds Banking Group has confirmed that, as of 27 February 2026, it has 59,029,409,081 ordinary shares of 10p each in issue with full voting rights at general meetings, including those represented by American Depositary Receipts. The bank holds no...
Business Operations and StrategyStock Buyback
Lloyds Banking Group Cancels 8 Million Shares in Ongoing Buyback
Positive
Feb 26, 2026
Lloyds Banking Group has continued its capital return strategy with another tranche of share repurchases under its existing buyback programme. The bank, working through Goldman Sachs International as broker, is focusing on reducing its share count...
Stock Buyback
Lloyds Banking Group Buys Back and Cancels 6 Million Shares
Positive
Feb 25, 2026
Lloyds Banking Group has repurchased 6 million of its ordinary shares on 25 February 2026 as part of its ongoing share buyback programme, with prices ranging between 102.90 pence and 104.55 pence and a volume-weighted average price of 103.7803 pen...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Lloyds Banking Group Cancels 15 Million Shares in Ongoing Buyback
Positive
Feb 24, 2026
Lloyds Banking Group has repurchased 15 million of its ordinary shares on 24 February 2026 as part of its ongoing share buyback programme, at prices ranging between 101.2 pence and 102.9 pence, with a volume-weighted average price of 102.2666 penc...
Business Operations and StrategyStock Buyback
Lloyds Banking Group Buys Back 5 Million Shares for Cancellation
Positive
Feb 23, 2026
Lloyds Banking Group has repurchased 5,000,000 of its ordinary shares on 23 February 2026 as part of its ongoing share buyback programme, at prices ranging between 102.85p and 105.80p, with a volume-weighted average price of 104.5975p. The bank pl...
Business Operations and StrategyStock Buyback
Lloyds Banking Group Buys Back and Cancels 20 Million Shares
Positive
Feb 20, 2026
Lloyds Banking Group has repurchased 20 million of its ordinary shares on 20 February 2026 as part of its ongoing share buyback programme, with prices ranging between 102.85p and 104.80p and a volume-weighted average price of 103.9242p. The bank p...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Lloyds Banking Group Cancels 7.1 Million Shares in Ongoing Buyback
Positive
Feb 19, 2026
Lloyds Banking Group has repurchased 7,127,731 of its ordinary shares on 19 February 2026 as part of its ongoing share buyback programme, with prices ranging between 101.8p and 105.15p and a volume-weighted average price of 102.8627p. The bank int...
Business Operations and StrategyStock Buyback
Lloyds Banking Group Buys Back 5 Million Shares for Cancellation
Positive
Feb 18, 2026
Lloyds Banking Group has repurchased 5,000,000 of its ordinary shares on 18 February 2026 as part of its ongoing share buyback programme, with a volume-weighted average price of 104.5978 pence per share and prices ranging between 103.6000 and 105....
Business Operations and StrategyStock Buyback
Lloyds Banking Group Buys Back and Cancels 12 Million Shares
Positive
Feb 17, 2026
Lloyds Banking Group has repurchased 12 million of its ordinary shares on 17 February 2026 as part of its ongoing share buyback programme, with prices ranging between 100.65p and 102.55p and a volume-weighted average price of 101.7425p. The bank p...
Business Operations and StrategyStock Buyback
Lloyds Banking Group Cancels 11 Million Shares in Ongoing Buyback
Positive
Feb 16, 2026
Lloyds Banking Group has repurchased 11 million of its ordinary shares on 16 February 2026 as part of its existing share buyback programme, at a volume-weighted average price of 101.5415 pence per share. The bank plans to cancel the repurchased sh...
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
Lloyds Banking Updates £25bn EMTN Programme with New Supplementary Prospectus
Neutral
Feb 16, 2026
Lloyds Banking Group has published a new supplementary prospectus for its £25 billion Euro Medium Term Note Programme, following approval by the Financial Conduct Authority. The document updates and sits alongside the main prospectus and prio...
Business Operations and StrategyStock Buyback
Lloyds Banking Group Advances Share Buyback With Further £14.4m Share Repurchase
Positive
Feb 16, 2026
Lloyds Banking Group has continued execution of its existing share buyback programme, repurchasing 14,359,244 ordinary shares on 13 February 2026 through Goldman Sachs International at a volume-weighted average price of 100.1747 pence. The company...
Financial DisclosuresRegulatory Filings and Compliance
Lloyds Banking Group Files 2025 Form 20-F With U.S. SEC
Positive
Feb 13, 2026
Lloyds Banking Group has filed its Annual Report on Form 20-F for the year ended 31 December 2025 with the U.S. Securities and Exchange Commission, fulfilling its U.S. reporting obligations as a foreign issuer. The full document is now accessible ...
Financial DisclosuresRegulatory Filings and Compliance
Lloyds Banking Group Files 2025 Annual Report and Accounts
Neutral
Feb 13, 2026
Lloyds Banking Group has confirmed it has published its Annual Report and Accounts for the financial year ended 31 December 2025, complying with UK listing disclosure rules. The document has been submitted to the National Storage Mechanism and wil...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Lloyds Banking Group Cancels 10 Million Shares in Ongoing Buyback
Positive
Feb 12, 2026
Lloyds Banking Group has repurchased 10 million of its ordinary shares on 12 February 2026 as part of its existing share buyback programme, executed through Goldman Sachs International. The shares were bought at prices ranging between 102.50p and ...
Business Operations and StrategyStock Buyback
Lloyds Banking Group Cancels 18 Million Shares in Latest Buyback
Positive
Feb 11, 2026
Lloyds Banking Group has repurchased 18 million of its ordinary shares on 11 February 2026 as part of its ongoing share buyback programme, with prices ranging between 101.85 pence and 103.95 pence and a volume-weighted average price of 103.0987 pe...
Business Operations and StrategyRegulatory Filings and Compliance
Lloyds Banking Group Executives Acquire Shares Under Incentive Plan
Neutral
Feb 11, 2026
Lloyds Banking Group has disclosed routine share transactions by several senior executives under its Share Incentive Plan, involving the monthly purchase of partnership shares and the award of matching shares in the bank’s ordinary stock. Th...
Business Operations and StrategyStock Buyback
Lloyds Banking Group Buys Back and Cancels 10 Million Shares
Positive
Feb 10, 2026
Lloyds Banking Group has repurchased 10 million of its ordinary shares on 10 February 2026 as part of its ongoing share buyback programme, paying a volume-weighted average price of 103.6424 pence per share. The bank plans to cancel these shares, w...
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
Lloyds Banking Group Sets Final Terms for €1.5bn Euro Note Issues
Positive
Feb 10, 2026
Lloyds Banking Group has published final terms for two new euro-denominated note issues under its £25 billion Euro Medium Term Note Programme, comprising a EUR 750 million floating rate callable issue due 2030 and a EUR 750 million 3.75% fixe...
Business Operations and StrategyStock Buyback
Lloyds Banking Group Cancels 7.5 Million Shares in Ongoing Buyback
Positive
Feb 9, 2026
Lloyds Banking Group has repurchased 7.5 million of its ordinary shares on 9 February 2026 as part of its ongoing share buyback programme, with prices ranging between 100.8 pence and 105.1 pence and a volume-weighted average price of 103.3946 penc...
Regulatory Filings and Compliance
Lloyds Banking Group Reports Executive Share Transactions Under Sharesave and Disposal
Neutral
Feb 8, 2026
Lloyds Banking Group has disclosed share transactions by two senior executives under regulatory requirements. Elyn Corfield, CEO of Business Commercial Banking, acquired 45,708 ordinary shares through the exercise of an option under the GroupR...
Business Operations and StrategyStock BuybackFinancial Disclosures
Lloyds Banking Group Buys Back 10 Million Shares for Cancellation
Positive
Feb 6, 2026
Lloyds Banking Group has repurchased 10 million of its ordinary shares on 6 February 2026 as part of its ongoing share buyback programme, at prices ranging between 106.40p and 107.25p per share, with a volume-weighted average price of 106.93p. The...
Stock Buyback
Lloyds Banking Group Buys Back 7 Million Shares for Cancellation
Positive
Feb 5, 2026
Lloyds Banking Group has repurchased 7 million of its ordinary shares on 5 February 2026 as part of its ongoing share buyback programme, paying a volume-weighted average price of 106.8555 pence per share within a trading range of 105.6 to 109.25 p...
Regulatory Filings and Compliance
Lloyds Banking Group Reports Executive Share Transactions Under Sharesave and Disposal
Neutral
Feb 5, 2026
Lloyds Banking Group has disclosed share transactions by two senior executives under regulatory requirements. Elyn Corfield, CEO of Business Commercial Banking, acquired 45,708 ordinary shares through the exercise of an option under the GroupR...
Stock Buyback
Lloyds Banking Group Buys Back and Cancels 5 Million Shares
Positive
Feb 4, 2026
Lloyds Banking Group has repurchased 5 million of its ordinary shares on 4 February 2026 as part of its previously announced share buyback programme, with prices ranging between 112.35p and 114.00p per share and a volume-weighted average price of ...
Stock Buyback
Lloyds Banking Group Buys Back and Cancels Nearly 3 Million Shares
Positive
Feb 3, 2026
Lloyds Banking Group has continued executing its existing share buyback programme by repurchasing 2,980,925 ordinary shares on 3 February 2026 through Goldman Sachs International at a volume-weighted average price of 112.2836 pence per share. The ...
Business Operations and StrategyStock Buyback
Lloyds Banking Group Buys Back Over 9 Million Shares for Cancellation
Positive
Feb 2, 2026
Lloyds Banking Group has repurchased 9,126,119 of its ordinary shares on 2 February 2026 as part of its ongoing share buyback programme, paying a volume-weighted average price of 108.94 pence per share through Goldman Sachs International. The bank...
Business Operations and StrategyStock Buyback
Lloyds Banking Group Buys Back and Cancels 10 Million Shares
Positive
Jan 30, 2026
Lloyds Banking Group has repurchased 10 million of its ordinary shares on 30 January 2026 as part of its existing share buyback programme, paying a volume-weighted average price of 108.1041 pence per share. The bank intends to cancel the repurchas...
Regulatory Filings and Compliance
Lloyds Banking Group Confirms Updated Share Capital and Voting Rights
Neutral
Jan 30, 2026
Lloyds Banking Group has announced that, as of 30 January 2026, it has 59,008,437,233 ordinary shares of 10p each in issue carrying voting rights, with no shares held in treasury, and this figure includes shares represented by American Depositary ...
Private Placements and FinancingRegulatory Filings and Compliance
Lloyds Banking Group Updates £25bn Euro Medium Term Note Programme
Neutral
Jan 30, 2026
Lloyds Banking Group has published a new supplementary prospectus for its £25 billion Euro Medium Term Note Programme, following approval by the UK Financial Conduct Authority. The document updates and supplements the existing programme docum...
Business Operations and StrategyStock Buyback
Lloyds Banking Group Launches £1.75bn Share Buyback to Cut Share Capital
Positive
Jan 30, 2026
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 ...
Business Operations and StrategyExecutive/Board Changes
Lloyds Banking Group Appoints Chris Vogelzang to Board Risk Committee
Positive
Jan 29, 2026
Lloyds Banking Group has announced that Non-Executive Director Chris Vogelzang will join the Board Risk Committee, effective 1 April 2026. The appointment underscores the bank’s continued focus on strengthening its risk oversight at board le...
Business Operations and StrategyStock BuybackDividendsFinancial Disclosures
Lloyds Banking Group Lifts Payouts and Guidance on Back of Strong 2025 Performance
Positive
Jan 29, 2026
Lloyds Banking Group reported strong unaudited results for 2025, marking continued progress in the second phase of its five-year strategic plan. Statutory profit before tax rose to £6.7 billion from £6.0 billion, supported by a 7% increa...
Business Operations and Strategy
Lloyds Banking Group to Redeem €500m Senior Floating-Rate Notes One Year Early
Neutral
Jan 22, 2026
Lloyds Banking Group has exercised its call option to redeem in full its €500 million Floating Rate Senior Unsecured Callable Notes due 2027 on 5 March 2026, one year ahead of their scheduled maturity. The bank confirmed that all conditions ...
Business Operations and StrategyDelistings and Listing ChangesRegulatory Filings and Compliance
Lloyds Banking Group Updates Market on Unallotted Shares After End of UK Block Listing Regime
Neutral
Jan 19, 2026
Lloyds Banking Group has outlined the status of shares previously block listed under the now-removed UK block listing regime, following recent changes to the UK Listing Rules that automatically list any future shares allotted under its share plans...
Executive/Board ChangesRegulatory Filings and Compliance
Lloyds Banking Group Executives Acquire Shares Under Ongoing Incentive Plan
Neutral
Jan 13, 2026
Lloyds Banking Group has disclosed routine share transactions by several senior executives under its Share Incentive Plan, detailing the January 9 acquisition of partnership and matching ordinary shares of 10 pence each by a number of persons disc...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.