Lloyds Banking Group Buys Back and Cancels 8 Million Shares
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Lloyds Banking Group has repurchased 8 million shares as part of its ongoing buyback program, executed on May 14, 2026, at an average price of 96.0286 pence. The shares will be canceled, reducing the share count and potentially enhancing earnings per share. This move reflects the bank's commitment to returning capital to shareholders and improving capital efficiency. Analysts rate the stock as a Buy with a £115.00 price target, while TipRanks’ AI Analyst gives it a Neutral score due to mixed financial signals.
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