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Lloyds Banking
(LSE:LLOY)
Lloyds Banking (LLOY) vs. iShares MSCI United Kingdom ETF (EWC)
Lloyds Banking Business Overview & Revenue Model
Lloyds Banking Earnings Call Summary
Lloyds Banking Financial Statement Overview
| 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
Lloyds Banking Risk Analysis
Lloyds Banking Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | £2.00B | 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 | £56.10B | 10.47 | 8.08% | 3.41% | -22.85% | -21.12% | |
66 Neutral | £1.39B | 0.87 | 12.71% | ― | 24.32% | 122.52% | |
64 Neutral | £45.62B | 9.00 | 14.96% | 3.85% | 4.27% | 26.21% | |
61 Neutral | £53.63B | 9.37 | 9.41% | 1.50% | 14.18% | 46.12% | |
47 Neutral | £755.51M | 11.65 | 9.14% | ― | -29.12% | 964.19% |
Lloyds Banking Corporate Events
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 pence, with a volume-weighted average price of 95.7551 pence.
These repurchases form part of the company’s previously announced buyback programme, and Lloyds intends to cancel all of the shares acquired in this transaction. The cancellations will reduce the group’s share count, which can enhance earnings per share and signal management’s confidence in the bank’s capital position and future prospects for shareholders.
The most recent analyst rating on (GB:LLOY) stock is a Buy with a £109.00 price target. To see the full list of analyst forecasts on Lloyds Banking stock, see the GB:LLOY Stock Forecast page.
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 shares, a move that will reduce the number of shares in circulation and may enhance earnings per share and capital efficiency for investors, underscoring management’s continued focus on shareholder returns.
The latest tranche of buybacks was executed through Goldman Sachs International under previously issued instructions, continuing the programme first detailed in January 2026. By steadily executing on this capital management strategy, Lloyds reinforces its financial strength and signals confidence in its balance sheet and future prospects, which could support its competitive positioning in the UK banking sector and provide reassurance to equity holders.
The most recent analyst rating on (GB:LLOY) stock is a Buy with a £111.00 price target. To see the full list of analyst forecasts on Lloyds Banking stock, see the GB:LLOY Stock Forecast page.
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 intends to cancel the shares acquired, a move that will reduce its share count and can enhance earnings per share, underlining management’s continued focus on capital returns to shareholders within its existing regulatory framework.
The latest tranche of buybacks was executed through Goldman Sachs International, which acted as broker under instructions initially issued by Lloyds in late January 2026. This continued execution of the programme may signal confidence in the group’s capital position and future performance, while also aligning with broader industry practices among U.K. banks to return excess capital through structured repurchase plans.
The most recent analyst rating on (GB:LLOY) stock is a Buy with a £105.00 price target. To see the full list of analyst forecasts on Lloyds Banking stock, see the GB:LLOY Stock Forecast page.
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 transactions, conducted outside a trading venue on 9 March 2026, increase management’s direct equity exposure and align leadership incentives more closely with shareholders, but do not signal any change in strategy or outlook.
Among those participating were executives including the CEOs of Insurance, Pensions & Investments and Consumer Relationships, the Chief Legal Officer, Chief People and Places Officer, Chief Risk Officer and the Chief Sustainability and Corporate Affairs Officer, each receiving modest volumes of shares at a price of about £0.95 for partnership tranches and at nil cost for matching awards. The announcement, made in line with regulatory requirements on reporting dealings by persons discharging managerial responsibilities, underscores ongoing adherence to governance standards and the continued use of equity-based remuneration across the group’s leadership.
The most recent analyst rating on (GB:LLOY) stock is a Buy with a £105.00 price target. To see the full list of analyst forecasts on Lloyds Banking stock, see the GB:LLOY Stock Forecast page.
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 cancel all of these repurchased shares, a move that will reduce the overall share count and can enhance earnings per share, signalling continued capital return to shareholders and confidence in its financial position.
The most recent analyst rating on (GB:LLOY) stock is a Buy with a £105.00 price target. To see the full list of analyst forecasts on Lloyds Banking stock, see the GB:LLOY Stock Forecast page.
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 disposal Walton continues to meet the group’s shareholding policy requirements, suggesting the transaction does not alter his alignment with shareholder interests or existing governance expectations.
The sale was executed on the London Stock Exchange and reported as a single transaction in line with market transparency rules. As a person discharging managerial responsibilities, Walton’s trade falls under mandatory disclosure regimes designed to inform investors about dealings by senior insiders in the company’s equity.
The most recent analyst rating on (GB:LLOY) stock is a Buy with a £105.00 price target. To see the full list of analyst forecasts on Lloyds Banking stock, see the GB:LLOY Stock Forecast page.
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 98.1p, with a volume-weighted average price of 95.872p per share.
These repurchased shares will be cancelled, reducing the company’s share count and potentially enhancing earnings per share and capital returns for investors. The transaction underscores Lloyds Banking Group’s continued commitment to capital management and shareholder distributions within the framework of its previously announced buyback instructions.
The most recent analyst rating on (GB:LLOY) stock is a Buy with a £105.00 price target. To see the full list of analyst forecasts on Lloyds Banking stock, see the GB:LLOY Stock Forecast page.
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 cancel the repurchased shares, which will reduce the number of shares in circulation and is likely to enhance earnings per share and signal continued confidence in its capital position.
The latest tranche of buybacks was executed through Goldman Sachs International under instructions issued in late January 2026, aligning with previously announced capital return plans. This action underscores Lloyds Banking Group’s strategy of returning surplus capital to shareholders while maintaining regulatory discipline, and may support shareholder value through a more efficient balance sheet structure.
The most recent analyst rating on (GB:LLOY) stock is a Buy with a £109.00 price target. To see the full list of analyst forecasts on Lloyds Banking stock, see the GB:LLOY Stock Forecast page.
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 2026–2028 and subject to financial, strategic, and sustainability metrics, reinforce the group’s variable pay structure and align management incentives with long-term shareholder value.
The bank also detailed the vesting and release of 2025 Group Performance Share awards, deferred performance share awards linked to 2021 and 2022, and earlier Long Term Share Plan and Executive Group Ownership Share schemes, all net of tax and subject to holding periods. These transactions, affecting key executives including the chief executive and chief financial officer, underline the group’s adherence to regulatory requirements on deferral and retention, and signal continued use of equity-based remuneration to drive performance and retention at senior levels.
The most recent analyst rating on (GB:LLOY) stock is a Buy with a £109.00 price target. To see the full list of analyst forecasts on Lloyds Banking stock, see the GB:LLOY Stock Forecast page.
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 average price of 98.0521 pence. The bank plans to cancel the repurchased shares, which will reduce the number of shares in issue and can enhance earnings per share, underlining management’s ongoing focus on capital returns to shareholders and balance sheet efficiency.
The most recent analyst rating on (GB:LLOY) stock is a Buy with a £110.00 price target. To see the full list of analyst forecasts on Lloyds Banking stock, see the GB:LLOY Stock Forecast page.
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 all of the shares bought back, a move that is expected to reduce the overall share count and potentially enhance earnings per share for remaining investors under the existing capital return strategy.
The most recent analyst rating on (GB:LLOY) stock is a Buy with a £112.00 price target. To see the full list of analyst forecasts on Lloyds Banking stock, see the GB:LLOY Stock Forecast page.
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 purchases carried out via Goldman Sachs International.
The group plans to cancel all of the repurchased shares, which will reduce the overall number of shares in issue and can enhance earnings per share for investors. The transaction underscores Lloyds Banking Group’s continued focus on capital returns to shareholders within the framework of its previously announced buyback mandate.
The most recent analyst rating on (GB:LLOY) stock is a Buy with a £125.00 price target. To see the full list of analyst forecasts on Lloyds Banking stock, see the GB:LLOY Stock Forecast page.
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 Market of the London Stock Exchange under existing block admissions and are fully fungible with the group’s existing ordinary shares.
Following this issuance, Lloyds now has 59,029,409,081 ordinary shares admitted to trading, with a further 80,689,090 shares remaining unallotted but available under previously established block listings. The move reflects ongoing utilisation of pre-approved equity capacity for remuneration and incentive purposes, modestly expanding the share count while avoiding the need for a new prospectus or separate listing process.
The most recent analyst rating on (GB:LLOY) stock is a Buy with a £125.00 price target. To see the full list of analyst forecasts on Lloyds Banking stock, see the GB:LLOY Stock Forecast page.
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 these shares, reinforcing efforts to optimise its capital structure and return surplus capital to shareholders.
Since the launch of the up to £1.75 billion buyback on 30 January 2026, Lloyds has acquired 200,094,019 shares for a total consideration of £208.54 million. The ongoing repurchases underscore management’s confidence in the group’s financial position and are likely to provide earnings-per-share support and additional value for investors over time.
The most recent analyst rating on (GB:LLOY) stock is a Buy with a £125.00 price target. To see the full list of analyst forecasts on Lloyds Banking stock, see the GB:LLOY Stock Forecast page.
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 shares in treasury, and this share count will serve as the reference denominator for investors assessing whether they must disclose holdings or changes under the U.K. Financial Conduct Authority’s transparency rules.
The clarification of Lloyds’ voting share capital provides investors and regulators with an updated base for monitoring significant shareholdings and market transparency. By explicitly stating there are no treasury shares, the announcement underlines that all issued ordinary shares currently carry voting rights, which can influence governance dynamics and reporting obligations for major shareholders.
The most recent analyst rating on (GB:LLOY) stock is a Buy with a £125.00 price target. To see the full list of analyst forecasts on Lloyds Banking stock, see the GB:LLOY Stock Forecast page.
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, which can enhance earnings per share and signal confidence in its financial strength.
On 26 February 2026 the group bought 8,000,000 ordinary shares at prices between 104.0500p and 104.9500p, with a volume-weighted average of 104.4873p. The company intends to cancel all of these shares, reinforcing its commitment to shareholder value and tightening its equity base as part of its ongoing buyback plan.
The most recent analyst rating on (GB:LLOY) stock is a Buy with a £125.00 price target. To see the full list of analyst forecasts on Lloyds Banking stock, see the GB:LLOY Stock Forecast page.
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 pence. The bank intends to cancel the repurchased shares, which will reduce the number of shares in issue and is typically aimed at improving capital efficiency and enhancing returns for remaining shareholders.
The most recent analyst rating on (GB:LLOY) stock is a Buy with a £125.00 price target. To see the full list of analyst forecasts on Lloyds Banking stock, see the GB:LLOY Stock Forecast page.
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 pence. The bank intends to cancel these shares, effectively reducing its share count, which can enhance earnings per share and signals continued capital strength and confidence in its financial position.
The transaction was executed through Goldman Sachs International under previously issued instructions, reinforcing the group’s systematic approach to returning excess capital to shareholders. This latest buyback activity underscores Lloyds’ capital management strategy within the UK banking sector, potentially improving shareholder returns while maintaining regulatory compliance under the Market Abuse Regulation.
The most recent analyst rating on (GB:LLOY) stock is a Buy with a £125.00 price target. To see the full list of analyst forecasts on Lloyds Banking stock, see the GB:LLOY Stock Forecast page.
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 plans to cancel these shares, a move that will reduce the overall share count and can enhance earnings per share and capital return metrics for investors, underlining management’s continued focus on shareholder distributions.
The transaction was executed through Goldman Sachs International, acting as broker under previously issued instructions dating from late January 2026. This latest tranche of buybacks continues Lloyds’ capital management strategy, signalling confidence in its balance sheet strength and future performance, and may support the bank’s valuation in a competitive U.K. banking sector.
The most recent analyst rating on (GB:LLOY) stock is a Buy with a £125.00 price target. To see the full list of analyst forecasts on Lloyds Banking stock, see the GB:LLOY Stock Forecast page.
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 plans to cancel the repurchased shares, a move that will reduce its share count and can enhance earnings per share, underlining continued capital strength and its commitment to returning surplus capital to shareholders.
The latest tranche of buybacks, executed through Goldman Sachs International under instructions issued in late January, continues a broader capital management strategy designed to optimise the group’s balance sheet. By shrinking its equity base while maintaining regulatory requirements, Lloyds is reinforcing its focus on shareholder value in a competitive UK banking landscape and signalling confidence in its financial position.
The most recent analyst rating on (GB:LLOY) stock is a Buy with a £125.00 price target. To see the full list of analyst forecasts on Lloyds Banking stock, see the GB:LLOY Stock Forecast page.
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 intends to cancel the repurchased shares, a move that supports capital return to shareholders and can enhance earnings per share, underscoring management’s continued focus on capital efficiency and shareholder value.
The latest buyback tranche was executed through Goldman Sachs International under instructions issued in late January 2026, in line with previously announced plans. The transactions were carried out under the EU Market Abuse Regulation framework as assimilated into U.K. law, reinforcing compliance and transparency around Lloyds’ capital management activities for investors and regulators.
The most recent analyst rating on (GB:LLOY) stock is a Buy with a £125.00 price target. To see the full list of analyst forecasts on Lloyds Banking stock, see the GB:LLOY Stock Forecast page.
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 105.2500 pence. The shares, bought from Goldman Sachs International under previously issued instructions, will be cancelled, incrementally reducing the company’s share count and potentially enhancing earnings per share and capital efficiency for investors.
The most recent analyst rating on (GB:LLOY) stock is a Buy with a £125.00 price target. To see the full list of analyst forecasts on Lloyds Banking stock, see the GB:LLOY Stock Forecast page.
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 plans to cancel the repurchased shares, which will reduce the number of shares in issue and can enhance earnings per share, underscoring continued capital strength and a shareholder-focused capital return strategy.
The repurchase was carried out through Goldman Sachs International under instructions issued in late January 2026, continuing the previously announced programme. By executing and cancelling these shares, Lloyds reinforces its commitment to returning surplus capital to investors while signalling confidence in its balance sheet resilience and long-term profitability, which may support its valuation in the U.K. banking sector.
The most recent analyst rating on (GB:LLOY) stock is a Buy with a £125.00 price target. To see the full list of analyst forecasts on Lloyds Banking stock, see the GB:LLOY Stock Forecast page.
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 shares, a move that is expected to reduce the overall share count and can enhance earnings per share and capital returns for investors, underlining management’s ongoing focus on capital efficiency and shareholder value.
The transaction was executed through Goldman Sachs International in line with instructions issued in late January 2026 and carried out under applicable market abuse and securities regulations. By continuing to deploy excess capital into buybacks, Lloyds reinforces confidence in its balance sheet strength and signals a stable capital position, which may support its valuation in a competitive UK banking sector.
The most recent analyst rating on (GB:LLOY) stock is a Buy with a £125.00 price target. To see the full list of analyst forecasts on Lloyds Banking stock, see the GB:LLOY Stock Forecast page.
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 prior supplements, and has been submitted to the FCA’s National Storage Mechanism for public inspection.
The move underscores Lloyds’ ongoing use of the EMTN programme as a key wholesale funding channel, keeping disclosure current for investors in its debt securities. By maintaining an up‑to‑date prospectus suite, the bank supports continued access to euro capital markets, which is important for its funding strategy and capital structure management.
The most recent analyst rating on (GB:LLOY) stock is a Buy with a £125.00 price target. To see the full list of analyst forecasts on Lloyds Banking stock, see the GB:LLOY Stock Forecast page.
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 plans to cancel the purchased shares, a move that will reduce its share count and can enhance earnings per share, underscoring ongoing capital returns to shareholders and confidence in its balance sheet.
These latest purchases follow instructions issued to the broker in late January 2026 under the already announced buyback framework. The continued buyback activity reinforces Lloyds’ capital allocation strategy and may support its share price, signalling to investors that management views the current valuation as attractive and that regulatory capital levels remain robust enough to permit additional distributions.
The most recent analyst rating on (GB:LLOY) stock is a Buy with a £125.00 price target. To see the full list of analyst forecasts on Lloyds Banking stock, see the GB:LLOY Stock Forecast page.
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 via the group’s investor relations website, the SEC’s online portal and the U.K. National Storage Mechanism, with shareholders able to request printed copies of the complete audited financial statements free of charge.
The filing provides global investors and regulators with the group’s latest audited financial information and disclosures, reinforcing transparency around its financial position and governance. Ready availability of the report across multiple official channels underscores the bank’s commitment to regulatory compliance and to maintaining clear communication with its shareholder base and the wider market.
The most recent analyst rating on (GB:LLOY) stock is a Buy with a £125.00 price target. To see the full list of analyst forecasts on Lloyds Banking stock, see the GB:LLOY Stock Forecast page.
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 will also be available via the group’s investor relations website, ensuring shareholders and analysts can review the bank’s latest financial and strategic disclosures.
The filing underlines the group’s adherence to regulatory transparency requirements and provides the market with its formal, audited view of 2025 performance. Investors and other stakeholders will use the report to assess Lloyds’ financial health, risk profile and strategic direction, which can influence valuation, regulatory scrutiny and confidence in the bank’s future positioning.
The most recent analyst rating on (GB:LLOY) stock is a Buy with a £125.00 price target. To see the full list of analyst forecasts on Lloyds Banking stock, see the GB:LLOY Stock Forecast page.
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 105.55p, with a volume‑weighted average price of 104.2224p.
The bank intends to cancel all of the repurchased shares, effectively reducing its share count and potentially enhancing earnings per share and capital returns to remaining investors. This transaction underscores the group’s ongoing capital management strategy and confidence in its financial position, while aligning with regulatory disclosure requirements under the Market Abuse Regulation.
The most recent analyst rating on (GB:LLOY) stock is a Buy with a £125.00 price target. To see the full list of analyst forecasts on Lloyds Banking stock, see the GB:LLOY Stock Forecast page.
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 pence. The bank plans to cancel the repurchased shares, which will reduce the number of shares in circulation and can enhance earnings per share, signalling continued capital return to shareholders within its existing buyback framework.
The buyback was executed through Goldman Sachs International, acting as broker under instructions issued in late January 2026, underscoring the structured, pre-announced nature of the capital management exercise. By continuing to retire shares through cancellations rather than holding them in treasury, Lloyds reinforces its focus on shareholder value and capital efficiency, a strategy closely watched by investors in the UK banking sector.
The most recent analyst rating on (GB:LLOY) stock is a Buy with a £125.00 price target. To see the full list of analyst forecasts on Lloyds Banking stock, see the GB:LLOY Stock Forecast page.
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. The acquisitions, made outside a trading venue on 9 February 2026 by a group of top executives across risk, legal, people, sustainability and business units, underline ongoing alignment of management incentives with shareholder interests through equity-based compensation.
The notified transactions cover modest volumes of shares for each participating executive, reflecting the regular operation of the company’s all-employee share ownership arrangements rather than any change in strategic direction or capital structure. For investors and regulators, the disclosure provides transparency into management’s continuing participation in Lloyds’ long-term incentive schemes, a standard governance practice in large listed financial institutions.
The most recent analyst rating on (GB:LLOY) stock is a Buy with a £125.00 price target. To see the full list of analyst forecasts on Lloyds Banking stock, see the GB:LLOY Stock Forecast page.
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, which will reduce the number of shares in circulation and is likely to enhance earnings per share and signal management’s confidence in the group’s capital position.
The transaction was executed through Goldman Sachs International, acting as the broker under instructions issued in late January 2026. This latest tranche continues Lloyds’ broader capital return strategy to shareholders, underscoring its focus on balance sheet efficiency and aligning its capital structure with regulatory and market expectations.
The most recent analyst rating on (GB:LLOY) stock is a Buy with a £125.00 price target. To see the full list of analyst forecasts on Lloyds Banking stock, see the GB:LLOY Stock Forecast page.
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% fixed rate reset callable issue due 2037. The documentation, now available via the FCA’s National Storage Mechanism and targeted solely at professional clients and eligible counterparties in specified jurisdictions, supports Lloyds’ ongoing wholesale funding strategy while explicitly excluding retail investors in the U.K. and EEA from these offerings.
The notes’ final terms, which must be read alongside the existing base prospectus and its supplements, set out the definitive conditions for each series and confirm their governance under EU MiFID II and UK MiFIR product rules. By adding these sizeable euro issues to its funding stack, Lloyds continues to diversify and extend the maturity profile of its market-based liabilities, reinforcing balance-sheet flexibility and maintaining its presence in the institutional euro debt market.
The most recent analyst rating on (GB:LLOY) stock is a Buy with a £125.00 price target. To see the full list of analyst forecasts on Lloyds Banking stock, see the GB:LLOY Stock Forecast page.
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 pence. The bank plans to cancel the repurchased shares, which will reduce the number of shares in circulation and may enhance earnings per share and capital return metrics for existing shareholders.
This latest tranche of buybacks, executed through Goldman Sachs International under previously issued instructions, underscores the group’s continued focus on capital optimisation and shareholder distributions. The move signals management’s confidence in the bank’s capital position and future prospects, while also aligning with broader sector trends of returning excess capital to investors in the U.K. banking industry.
The most recent analyst rating on (GB:LLOY) stock is a Buy with a £125.00 price target. To see the full list of analyst forecasts on Lloyds Banking stock, see the GB:LLOY Stock Forecast page.
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 Group’s 2017 Sharesave Scheme at 39.38 pence per share, reflecting continued executive participation in the company’s employee share plans. Separately, Chief People and Places Officer Sharon Doherty sold 3,204,797 ordinary shares on the London Stock Exchange at 112.642 pence per share; Lloyds noted that despite this sizeable disposal, she remains on track to meet the Group’s shareholding policy requirements, signalling ongoing alignment between executive and shareholder interests.
The most recent analyst rating on (GB:LLOY) stock is a Buy with an 125.00 pence price target. To see the full list of analyst forecasts on Lloyds Banking stock, see the GB:LLOY Stock Forecast page.
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 bank intends to cancel the repurchased shares, a move that will reduce the overall share count and can enhance earnings per share, underlining continued capital return to shareholders and confidence in the group’s financial position.
The most recent analyst rating on (GB:LLOY) stock is a Buy with a £125.00 price target. To see the full list of analyst forecasts on Lloyds Banking stock, see the GB:LLOY Stock Forecast page.
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 pence. The bank intends to cancel the repurchased shares, a move that will reduce its share count and may enhance earnings per share and capital efficiency, underscoring management’s continued focus on capital returns to shareholders within its existing buyback framework.
The most recent analyst rating on (GB:LLOY) stock is a Buy with a £125.00 price target. To see the full list of analyst forecasts on Lloyds Banking stock, see the GB:LLOY Stock Forecast page.
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 Group’s 2017 Sharesave Scheme at 39.38 pence per share, reflecting continued executive participation in the company’s employee share plans. Separately, Chief People and Places Officer Sharon Doherty sold 3,204,797 ordinary shares on the London Stock Exchange at 112.642 pence per share; Lloyds noted that despite this sizeable disposal, she remains on track to meet the Group’s shareholding policy requirements, signalling ongoing alignment between executive and shareholder interests.
The most recent analyst rating on (GB:LLOY) stock is a Buy with an 125.00 pence price target. To see the full list of analyst forecasts on Lloyds Banking stock, see the GB:LLOY Stock Forecast page.
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 113.4871p. The bank intends to cancel the repurchased shares, a move that will reduce the number of shares in circulation and can enhance earnings per share, underlining ongoing capital management efforts and potentially signalling confidence in its financial position to investors.
The most recent analyst rating on (GB:LLOY) stock is a Buy with a £125.00 price target. To see the full list of analyst forecasts on Lloyds Banking stock, see the GB:LLOY Stock Forecast page.
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 bank intends to cancel these shares, a move that will reduce the overall share count and can enhance earnings per share, signalling ongoing capital return to investors and confidence in its balance sheet strength.
The most recent analyst rating on (GB:LLOY) stock is a Hold with a £118.00 price target. To see the full list of analyst forecasts on Lloyds Banking stock, see the GB:LLOY Stock Forecast page.
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 intends to cancel the repurchased shares, a move that will reduce the total number of shares in issue and can enhance earnings per share, signalling continued capital strength and shareholder-return focus in line with its previously announced capital management strategy.
The most recent analyst rating on (GB:LLOY) stock is a Buy with a £122.00 price target. To see the full list of analyst forecasts on Lloyds Banking stock, see the GB:LLOY Stock Forecast page.
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 repurchased shares, a move that will reduce the overall share count and can enhance earnings per share and capital return metrics for investors, underlining ongoing efforts to manage its capital structure and return surplus capital to shareholders.
The most recent analyst rating on (GB:LLOY) stock is a Hold with a £1.06 price target. To see the full list of analyst forecasts on Lloyds Banking stock, see the GB:LLOY Stock Forecast page.
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 Receipts. The disclosed share capital and voting rights total will serve as the reference denominator for shareholders assessing whether they must notify holdings or changes in their interests under the UK Financial Conduct Authority’s disclosure and transparency rules, reinforcing regulatory compliance and clarity for investors regarding the bank’s capital structure.
The most recent analyst rating on (GB:LLOY) stock is a Hold with a £108.00 price target. To see the full list of analyst forecasts on Lloyds Banking stock, see the GB:LLOY Stock Forecast page.
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 documentation, supporting the group’s continued access to wholesale funding markets and providing investors with refreshed disclosures via the FCA’s National Storage Mechanism and the London Stock Exchange’s document service.
The most recent analyst rating on (GB:LLOY) stock is a Hold with a £108.00 price target. To see the full list of analyst forecasts on Lloyds Banking stock, see the GB:LLOY Stock Forecast page.
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.
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 level, which is a key element of governance for a large, systemically important UK banking group and relevant to regulators, investors and other stakeholders monitoring its risk management framework.
The most recent analyst rating on (GB:LLOY) stock is a Hold with a £110.00 price target. To see the full list of analyst forecasts on Lloyds Banking stock, see the GB:LLOY Stock Forecast page.
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% increase in net income to £18.3 billion, higher net interest income and other income, and disciplined cost control, despite higher operating expenses, remediation charges—particularly a £800 million provision for motor finance commission issues—and increased impairments. The bank delivered 5% growth in loans and advances to £481.1 billion and 3% deposit growth to £496.5 billion, while maintaining strong credit quality with an asset quality ratio of 17 basis points. Capital generation remained robust, with a pro forma CET1 ratio of 13.2% after allowing for a higher ordinary dividend and a planned £1.75 billion share buyback, taking total 2025 capital returns to about £3.9 billion and lifting tangible net asset value per share to 57.0 pence. Management highlighted £1.4 billion of annualised additional revenue from strategic initiatives in 2025, increased its target to about £2 billion by end-2026, and underscored ongoing cost savings of £1.9 billion since 2021, driven by transformation and scale efficiencies. For 2026, Lloyds has upgraded its guidance, now expecting underlying net interest income of about £14.9 billion, a cost:income ratio below 50%, a return on tangible equity above 16%, and capital generation of more than 200 basis points, signalling confidence in the culmination of its current strategy and reinforcing its positioning as a well-capitalised, high-return UK banking leader capable of sustaining attractive shareholder distributions.
The most recent analyst rating on (GB:LLOY) stock is a Buy with a £117.00 price target. To see the full list of analyst forecasts on Lloyds Banking stock, see the GB:LLOY Stock Forecast page.
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 for early redemption have been satisfied and that noteholders are not required to take any action, with the securities to be repaid at their early redemption amount plus any accrued interest, a move that forms part of the group’s ongoing capital and liability management strategy.
The most recent analyst rating on (GB:LLOY) stock is a Hold with a £106.00 price target. To see the full list of analyst forecasts on Lloyds Banking stock, see the GB:LLOY Stock Forecast page.
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. The bank detailed the remaining unallotted shares across its various employee and executive incentive schemes, including the Sharesave Scheme, Share Incentive Plan, Executive Group Ownership Share Plan, Deferred Bonus Plan, and Long Term Share Plan, totaling hundreds of millions of shares that will be issued to participants in line with each plan’s terms. Lloyds said it intends to announce share allotments within 60 days of issuance and will report any future allotments under its share plans in line with its ongoing regulatory disclosure obligations, underscoring continued transparency around its equity-based compensation structures.
The most recent analyst rating on (GB:LLOY) stock is a Hold with a £107.00 price target. To see the full list of analyst forecasts on Lloyds Banking stock, see the GB:LLOY Stock Forecast page.
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 discharging managerial responsibilities, including the CEOs of Insurance, Pensions & Investments and Consumer Relationships, as well as the Chief Legal Officer, Chief People and Places Officer, Chief Risk Officer, and the Chief Sustainability and Corporate Affairs Officer. The activity, which took place outside a trading venue, reflects the ongoing use of equity-based remuneration to align leadership interests with those of shareholders and signals continued executive participation in the group’s long-term incentive structures rather than any change in strategic direction or capital position.
The most recent analyst rating on (GB:LLOY) stock is a Buy with a £1.20 price target. To see the full list of analyst forecasts on Lloyds Banking stock, see the GB:LLOY Stock Forecast page.
Lloyds Banking Group has confirmed that, as of 31 December 2025, it has 58,885,743,602 ordinary shares of 10p in issue carrying full voting rights at general meetings, including those represented by American Depositary Receipts, and that no shares are held in treasury. This share count serves as the reference figure for investors and other stakeholders to calculate whether they must disclose holdings or changes in their interests under the UK Financial Conduct Authority’s Disclosure Guidance and Transparency Rules, reinforcing transparency in the bank’s shareholder base and regulatory reporting.
The most recent analyst rating on (GB:LLOY) stock is a Buy with a £108.00 price target. To see the full list of analyst forecasts on Lloyds Banking stock, see the GB:LLOY Stock Forecast page.
Lloyds Banking Group has disclosed that Group Chief Executive Charlie Nunn and Chief Financial Officer William Chalmers have acquired ordinary shares under the bank’s Fixed Share Award for the fourth quarter of 2025. After deductions for income tax and national insurance, Nunn received 189,614 shares and Chalmers 120,941 shares at an acquisition price of 96.11 pence per share, with the awards to be held on their behalf and released in three equal annual tranches from 18 December. The transactions, conducted on the London Stock Exchange, underline the alignment of top management’s remuneration with shareholder value and long-term performance, in line with previously disclosed pay structures in the bank’s 2024 annual report.
The most recent analyst rating on (GB:LLOY) stock is a Buy with a £108.00 price target. To see the full list of analyst forecasts on Lloyds Banking stock, see the GB:LLOY Stock Forecast page.