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Lloyds Banking
(LSE:LLOY)
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Rating:66Neutral
Price Target:
124.00 p
▲(11.26% Upside)
Action:Reiterated
Date:08/03/26
The score is driven down primarily by weaker financial quality signals—especially negative free cash flow in the last two years and a material 2025 leverage increase—despite healthy revenue growth. Offsetting this, technicals are supportive (price above key moving averages with positive MACD) and the latest earnings call was notably strong with clear guidance, solid profitability, and increased capital returns. Valuation is a modest constraint due to the ~20x P/E with only a mid-level dividend yield.
Positive Factors
Market leadership & scale
Lloyds’ large lending stock and half‑trillion deposit base create a durable funding advantage and distribution scale. This supports stable net interest income generation, cross‑sell economics across retail, mortgages and business banking, and resilience versus smaller UK competitors over the medium term.
Negative Factors
Rising leverage
A marked 2025 leverage step‑up materially increases balance‑sheet risk and sensitivity to funding stress or regulatory changes. Higher debt relative to equity reduces flexibility for capital allocation, magnifies earnings volatility from credit losses or interest moves, and raises scrutiny on capital management.
Read all positive and negative factors
Positive Factors
Negative Factors
Market leadership & scale
Lloyds’ large lending stock and half‑trillion deposit base create a durable funding advantage and distribution scale. This supports stable net interest income generation, cross‑sell economics across retail, mortgages and business banking, and resilience versus smaller UK competitors over the medium term.
Read all positive factors
Lloyds Banking (LLOY) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£63.45B
Dividend Yield3.68%
Average Volume (3M)122.39M
Price to Earnings (P/E)13.5
Beta (1Y)1.50
Revenue Growth-16.61%
EPS Growth21.26%
CountryUK
Employees60,061
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)0.08
Shares Outstanding57,957,074,000
10 Day Avg. Volume94,808,326
30 Day Avg. Volume122,390,571
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
£128.64Price Target Upside15.42% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering11
EPS Forecast (FY)0.1
Revenue Forecast (FY)£21.01B
Lloyds Banking Business Overview & Revenue Model
Company Description
Lloyds Banking Group plc, a long-standing financial institution founded in 1695 and headquartered in London, UK, operates as a leading provider of banking and financial services throughout the United Kingdom. Its operations are strategically struc...
How the Company Makes Money
Lloyds Banking Group makes money mainly by earning income from lending and fees from banking and related financial services, with additional earnings from insurance and wealth activities.
1) Net interest income (core banking earnings): A primary ...
Lloyds Banking Earnings Call Summary
Earnings Call Date:Jul 30, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Feb 04, 2027
Earnings Call Sentiment Positive
The call presented a strong set of H1 2026 financial results (GBP 3.1bn statutory profit, RoTE 17.1%, net income +9% YoY), robust capital generation and a clear, ambitious strategic plan (Accelerate 2030) emphasizing AI, customer connectivity and further cost savings. Management announced a meaningful shareholder return step-up (30% interim dividend increase and GBP 1bn buyback) and reiterated conservative but achievable financial targets (mid-single-digit net income CAGR, high-single-digit OOI CAGR, CIR <45% by 2030, RoTE ~20% by 2030). Notable challenges include ongoing competitive margin pressure, deposit market dynamics, near-term investment-driven OpEx uplift and some volatility in transport lease depreciation and Q2 impairment modeling. Overall, the positives (strong profitability, capital, diversified income growth, clear AI/technology strategy and committed cost-savings) materially outweigh the manageable and well-disclosed headwinds.Positive Updates
Strong H1 Profitability and Returns
Statutory profit after tax of GBP 3.1bn in H1 2026 with return on tangible equity (RoTE) of 17.1%, above the group's 2026 guide of >16% and supporting target RoTE of ~20% by 2030.
Negative Updates
Competitive Margin Pressure and NII Headwinds
Management flags competitive pressures on lending and deposit margins (bundled as an 'income headwinds' item). Guidance assumes a conservative structural hedge reinvestment yield (~3.7%) that is materially below current market-implied rates, implying potential upside but also conservative NII assumptions.
Read all updates
Q2-2026 Updates
Positive
Negative
Strong H1 Profitability and Returns
Statutory profit after tax of GBP 3.1bn in H1 2026 with return on tangible equity (RoTE) of 17.1%, above the group's 2026 guide of >16% and supporting target RoTE of ~20% by 2030.
Read all positive updates
Company Guidance
Management reiterated it is on track for 2026 and set clear 2030 targets: H1 statutory profit after tax £3.1bn, net income £9.7bn (+9% y/y), NII £7.3bn (+9%) with 2026 NII guided >£14.9bn, other income £3.3bn (+11%), H1 RoTE 17.1% and TNAV 57p; H1 operating costs £4.9bn (flat), impairment £617m (AQR 25bps), Q2 NIM 322bps and structural hedge income £3.4bn (notional £246bn, WAL ~3.75yrs, yield 2.7%) expected >£7bn in 2026, >£8bn in 2027 and >£9bn in 2030. Under Accelerate 2030 they target mid‑single‑digit net income CAGR to 2030 (high‑single‑digit OOI CAGR), cost‑income ratio <50% in 2026 and <45% by 2030, ~£2bn gross cost saves (2027–30), cash investment >£13bn over the plan (10–15% higher in 2027), RoTE ≈20% in 2030 (＞18% in 2028), capital generation >200bps in 2026 rising to >225bps by 2030 with a CET1 target of 13% (pro‑forma CET1 after distributions 13.1% H1), interim dividend +30% to 1.58p and a £1bn interim buyback (combined >£1.9bn returned in H1). Key balance‑sheet metrics: group lending £492bn (Q2 +£5bn QoQ), deposits >£0.5tn (Q2 +£5bn), open‑book AUA c.£251bn (Q2 +£25bn); AQR guidance 25–30bps through the plan.Lloyds Banking Financial Statement Overview
Summary
Income Statement
68
Positive
Balance Sheet
57
Neutral
Cash Flow
41
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 19.47B | 40.96B | 37.61B | 33.95B | 20.77B | 18.71B |
| Gross Profit | 19.29B | 22.64B | 18.60B | 19.20B | 16.05B | 16.32B |
| EBITDA | 7.45B | 6.66B | 9.40B | 10.41B | 7.18B | 9.73B |
| Net Income | 5.21B | 4.20B | 4.42B | 5.46B | 3.83B | 5.78B |
Balance Sheet | ||||||
| Total Assets | 994.16B | 944.07B | 906.70B | 881.45B | 873.39B | 886.52B |
| Cash, Cash Equivalents and Short-Term Investments | 61.53B | 60.60B | 137.01B | 138.50B | 139.34B | 138.16B |
| Total Debt | 102.27B | 141.60B | 88.52B | 93.67B | 91.83B | 91.84B |
| Total Liabilities | 946.92B | 896.21B | 860.81B | 834.09B | 829.48B | 833.37B |
| Stockholders Equity | 47.01B | 47.67B | 45.72B | 47.16B | 43.67B | 52.92B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -639.00M | -10.02B | 1.35B | 18.16B | 3.39B |
| Operating Cash Flow | 0.00 | 4.43B | -4.39B | 6.81B | 22.01B | 6.62B |
| Investing Cash Flow | 0.00 | -10.19B | -7.69B | -9.82B | 510.00M | -2.54B |
| Financing Cash Flow | 0.00 | -4.09B | -5.93B | -3.50B | -6.61B | -3.23B |
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 |
|---|---|---|---|---|---|---|---|
76 Outperform | £1.72B | 6.65 | 13.06% | 7.01% | -5.67% | 8.94% | |
72 Outperform | £65.41B | 9.96 | 10.11% | 2.37% | 8.23% | 18.19% | |
72 Outperform | £54.62B | 7.18 | 16.16% | 5.13% | 2.78% | 24.91% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
66 Neutral | £63.45B | 13.54 | 11.05% | 3.68% | -16.61% | 21.26% | |
59 Neutral | £1.20B | 22.46 | 7.00% | ― | 0.76% | -49.33% | |
57 Neutral | £1.34B | 1.10 | 5.68% | ― | 7.19% | -54.08% |
* Financial Sector Average
GB:LLOY
Lloyds Banking
109.10
29.96
37.85%
GB:BARC
Barclays
484.35
113.37
30.56%
GB:MTRO
Metro Bank
179.20
51.20
40.00%
GB:NBS
Nationwide Building Society
12,700.00
-300.00
-2.31%
GB:OSB
OSB Group PLC
512.00
-5.03
-0.97%
GB:NWG
NatWest Group
682.40
185.55
37.35%
Lloyds Banking Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Lloyds Banking Group Issues Over 6.6 Million Shares for Employee Plans
Neutral
Aug 3, 2026
Lloyds Banking Group has issued 6,657,090 ordinary shares of 10p each to satisfy awards under its employee share plans, with these new shares admitted to trading on the Main Market of the London Stock Exchange. Following this issuance, the total n...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Lloyds Banking Group Advances £1.75bn Share Buyback and Moves to Weekly Reporting
Positive
Jul 31, 2026
Lloyds Banking Group has continued executing its share buyback programme, purchasing 500,000 ordinary shares on 31 July 2026 through Goldman Sachs International at a volume-weighted average price of 115.5592 pence, with the shares to be cancelled....
Regulatory Filings and Compliance
Lloyds Banking Group Confirms Voting Share Capital Structure
Neutral
Jul 31, 2026
Lloyds Banking Group has reported that, as of 31 July 2026, it has 58,146,487,315 ordinary shares of 10 pence each in issue, all carrying voting rights at general meetings, with none held in treasury. This figure includes shares represented by Ame...
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
Lloyds Updates £60bn EMTN Documentation with FCA-Approved Supplement
Positive
Jul 31, 2026
Lloyds Banking Group plc and Lloyds Bank plc have published a new supplementary prospectus, approved by the Financial Conduct Authority, for their Euro Medium Term Note programmes totaling £60 billion. The document updates existing March and ...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Lloyds Banking Group Launches £1 Billion Share Buyback Programme
Positive
Jul 31, 2026
Lloyds Banking Group has launched a share buyback programme to repurchase up to £1 billion of its ordinary shares, appointing Goldman Sachs International to execute trades independently and acting as principal. The bank intends to cancel the ...
Business Operations and StrategyStock Buyback
Lloyds Banking Group Advances Share Buyback With Fresh Share Cancellation
Positive
Jul 30, 2026
Lloyds Banking Group has continued executing its existing share buyback programme, purchasing 2,162,722 ordinary shares on 30 July 2026 via Goldman Sachs International as broker. The shares were bought at prices ranging between 110.50p and 115.85p...
Business Operations and StrategyRegulatory Filings and Compliance
Lloyds Banking Pushes Down AT1 Rank After Preference Shares Shift to Tier 2
Neutral
Jul 30, 2026
Lloyds Banking Group plc has activated a push-down mechanism across all its outstanding Additional Tier 1 (AT1) contingent convertible securities. The move follows its decision, effective 30 July 2026, to reclassify its existing preference shares ...
Business Operations and StrategyStock BuybackDividendsFinancial Disclosures
Lloyds Banking Group Posts Robust Half-Year Earnings and Unveils Accelerate 2030 Targets
Positive
Jul 30, 2026
Lloyds Banking Group reported strong half-year 2026 results, with statutory profit before tax rising to £4.3 billion, a 17.1% return on tangible equity and robust credit performance. Net interest income grew 9% to £7.3 billion, other inc...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Lloyds Banking Group Cancels 1 Million Shares in Ongoing Buyback
Positive
Jul 29, 2026
Lloyds Banking Group plc has repurchased 1,000,000 of its ordinary shares on 29 July 2026 through Goldman Sachs International as part of its ongoing share buyback programme. The shares were bought at prices between 111.95p and 112.95p, with a volu...
Business Operations and StrategyStock Buyback
Lloyds Banking Group Buys Back and Cancels 1 Million Shares
Positive
Jul 28, 2026
Lloyds Banking Group has repurchased 1,000,000 of its ordinary shares on 28 July 2026 as part of its ongoing share buyback programme, with prices ranging between 112.1500 and 114.1500 pence and a volume-weighted average price of 112.9945 pence. Th...
Business Operations and StrategyStock Buyback
Lloyds Banking Group Cancels New Tranche of Buyback Shares
Positive
Jul 27, 2026
Lloyds Banking Group has continued its ongoing share buyback programme with the repurchase of 985,937 ordinary shares on 27 July 2026 through Goldman Sachs International. The shares were bought at prices between 114.05p and 115.40p, at a volume-we...
Business Operations and StrategyStock Buyback
Lloyds Banking Group Cancels 1 Million Shares in Ongoing Buyback
Positive
Jul 24, 2026
Lloyds Banking Group has repurchased 1,000,000 of its ordinary shares on 24 July 2026 as part of its ongoing share buyback programme, paying a volume-weighted average price of 113.4169 pence per share, with prices ranging between 113 and 114 pence...
Business Operations and StrategyStock Buyback
Lloyds Banking Group Buys Back and Cancels 7 Million Shares
Positive
Jul 23, 2026
Lloyds Banking Group has executed a further tranche of its share buyback programme, purchasing 7 million ordinary shares on 23 July 2026 through Goldman Sachs International. The shares were acquired at prices between 112.35p and 114.65p, with a vo...
Business Operations and StrategyStock Buyback
Lloyds Banking Group Cancels 7 Million Shares in Ongoing Buyback
Positive
Jul 22, 2026
Lloyds Banking Group has executed a further tranche of its ongoing share buyback programme, purchasing 7,000,000 ordinary shares on 22 July 2026 through Goldman Sachs International. The shares were acquired at prices between 113.75p and 115.50p, w...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Lloyds Banking Group Adds to Buyback, Cancels 5.7m Shares
Positive
Jul 21, 2026
Lloyds Banking Group plc has executed a further tranche of its ongoing share buyback programme, repurchasing 5,672,685 ordinary shares through Goldman Sachs International on 21 July 2026 at a volume-weighted average price of 112.1801 pence. The ba...
Business Operations and StrategyStock Buyback
Lloyds Banking Group Cancels 7 Million Shares in Ongoing Buyback
Positive
Jul 20, 2026
Lloyds Banking Group has executed a further tranche of its ongoing share buyback programme, repurchasing 7,000,000 ordinary shares on 20 July 2026 through Goldman Sachs International. The shares were bought at prices between 110.35p and 112.45p, w...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Lloyds Banking Group Cancels 7 Million Shares in Ongoing Buyback
Positive
Jul 17, 2026
Lloyds Banking Group plc has bought back 7,000,000 of its ordinary shares from Goldman Sachs International on 17 July 2026 as part of its ongoing share buyback programme, paying a volume-weighted average price of 110.5046 pence per share within a ...
Business Operations and StrategyStock Buyback
Lloyds Banking Group Buys Back 7 Million Shares for Cancellation
Positive
Jul 16, 2026
Lloyds Banking Group has continued its share buyback programme by purchasing 7,000,000 ordinary shares on 16 July 2026 through Goldman Sachs International, at a volume-weighted average price of 112.2414 pence. The bank intends to cancel these shar...
Business Operations and StrategyStock Buyback
Lloyds Banking Group Cancels 7 Million Shares in Latest Buyback Move
Positive
Jul 15, 2026
Lloyds Banking Group has repurchased 7 million of its own ordinary shares on 15 July 2026 as part of its ongoing share buyback programme instructed to Goldman Sachs International earlier this year. The shares, bought at a volume‑weighted ave...
Business Operations and StrategyStock Buyback
Lloyds Banking Group Buys Back 7 Million Shares for Cancellation
Positive
Jul 14, 2026
Lloyds Banking Group has repurchased 7 million ordinary shares on 14 July 2026 as part of its previously announced share buyback programme, with purchases executed by Goldman Sachs International. The shares were bought at prices between 109.15p an...
Business Operations and StrategyStock Buyback
Lloyds Banking Group Cancels 7 Million Shares in Ongoing Buyback
Positive
Jul 13, 2026
Lloyds Banking Group has repurchased 7,000,000 of its ordinary shares on 13 July 2026 as part of its ongoing share buyback programme, at prices ranging between 110.45p and 112.55p and a volume-weighted average of 111.2086p per share. The bank plan...
Executive/Board Changes
Lloyds Banking Group Executives Receive Routine Share Awards Under Incentive Plan
Neutral
Jul 13, 2026
Lloyds Banking Group has disclosed routine share transactions by several senior executives under its Share Incentive Plan, including leaders overseeing insurance, legal, people, risk, consumer relationships and sustainability functions. The manage...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Lloyds Banking Group Cancels 5 Million Shares in Buyback Move
Positive
Jul 3, 2026
Lloyds Banking Group has executed a further tranche of its ongoing share buyback programme, repurchasing 5,000,000 ordinary shares on 3 July 2026 through Goldman Sachs International. The purchases were made at prices between 113.40 pence and 115.3...
Business Operations and StrategyStock Buyback
Lloyds Banking Group Cancels 5 Million Shares in Ongoing Buyback
Positive
Jul 2, 2026
Lloyds Banking Group has repurchased 5,000,000 ordinary shares on 2 July 2026 through Goldman Sachs International as part of its existing share buyback programme. The shares, bought at a volume-weighted average price of 113.8668 pence and to be ca...
Business Operations and StrategyStock Buyback
Lloyds Banking Group Buys Back 5 Million Shares for Cancellation
Positive
Jul 1, 2026
Lloyds Banking Group has repurchased 5,000,000 of its ordinary shares on 1 July 2026 through Goldman Sachs International as part of its ongoing share buyback programme. The shares were bought at prices between 110.5p and 112.1p, with a volume-weig...
Business Operations and StrategyPrivate Placements and Financing
Lloyds Banking Group Issues Over 215 Million Shares Under Employee Plans
Neutral
Jul 1, 2026
Lloyds Banking Group has issued and allotted 215,648,529 new ordinary shares of 10p each to satisfy awards under its employee share plans, with these shares admitted to trading on the Main Market of the London Stock Exchange. Following this issuan...
Business Operations and StrategyStock Buyback
Lloyds Advances £1.75bn Share Buyback with New Purchase
Positive
Jun 30, 2026
Lloyds Banking Group has continued its ordinary share buyback programme, purchasing 5,000,000 shares on 30 June 2026 through Goldman Sachs International at a volume-weighted average price of 111.3093 pence. The bank intends to cancel these shares ...
Regulatory Filings and Compliance
Lloyds Banking Updates Share Capital and Voting Rights Structure
Neutral
Jun 30, 2026
Lloyds Banking Group has disclosed that, as of 30 June 2026, it has 58,268,474,878 ordinary shares of 10p each in issue with full voting rights at general meetings, including those represented by American Depositary Receipts. The bank confirmed it...
Business Operations and StrategyStock Buyback
Lloyds Banking Group Cancels 5 Million Shares in Ongoing Buyback
Positive
Jun 29, 2026
Lloyds Banking Group has repurchased 5 million of its ordinary shares on 29 June 2026 as part of its ongoing share buyback programme, at a volume-weighted average price of 109.1711 pence per share. The bank plans to cancel the repurchased shares, ...
Business Operations and StrategyStock Buyback
Lloyds Banking Group Buys Back and Cancels 5 Million Shares
Positive
Jun 19, 2026
Lloyds Banking Group has repurchased 5,000,000 of its ordinary shares on 19 June 2026, buying them in the market via Goldman Sachs International as broker. The shares were acquired at prices between 104.05p and 105.15p, with a volume-weighted aver...
Regulatory Filings and Compliance
Lloyds COO Ron van Kemenade Sells Shares but Remains Aligned With Group Policy
Neutral
Jun 19, 2026
Lloyds Banking Group disclosed that its Group Chief Operating Officer, Ron van Kemenade, has sold a total of 978,309 ordinary shares in the bank on 18 June 2026 through two market transactions on the London Stock Exchange. The company stated that ...
Business Operations and StrategyStock Buyback
Lloyds Banking Group Repurchases and Cancels 5 Million Shares Under Buyback Programme
Positive
Jun 18, 2026
Lloyds Banking Group has repurchased 5 million of its ordinary shares on 18 June 2026 as part of its ongoing share buyback programme, at a volume-weighted average price of 105.4485 pence per share. The purchases, executed through Goldman Sachs Int...
Business Operations and StrategyStock Buyback
Lloyds Banking Group Buys Back and Cancels 5 Million Shares
Positive
Jun 17, 2026
Lloyds Banking Group has repurchased 5 million of its ordinary shares on 17 June 2026 as part of its ongoing share buyback programme, executing the trades through Goldman Sachs International. The shares were bought at prices between 103.95p and 10...
Other
Lloyds Banking Discloses Share Sale by Consumer Lending Chief
Neutral
Jun 17, 2026
Lloyds Banking Group disclosed that Jayne Opperman, CEO of Consumer Lending and a person discharging managerial responsibilities, sold a total of 1,242,439 ordinary shares in two transactions on 15 June 2026 on the London Stock Exchange. The bank ...
Business Operations and StrategyStock Buyback
Lloyds Banking Continues Buyback With Repurchase of 2.6 Million Shares
Positive
Jun 16, 2026
Lloyds Banking Group has repurchased 2,632,073 of its ordinary shares on 16 June 2026 as part of its ongoing share buyback programme, at prices ranging between 102.7 pence and 103.9 pence, with a volume‑weighted average price of 103.6345 pen...
Stock Buyback
Lloyds Banking Group Buys Back and Cancels 5 Million Shares
Positive
Jun 16, 2026
Lloyds Banking Group has repurchased 5,000,000 of its ordinary shares on 15 June 2026 through Goldman Sachs International, paying a volume-weighted average price of 103.0013 pence per share within a price range of 102.1500 to 103.9000 pence. The b...
Business Operations and StrategyStock Buyback
Lloyds Banking Continues Share Buyback with June Share Purchase
Positive
Jun 12, 2026
Lloyds Banking Group has continued its existing share buyback programme, purchasing 4,132,460 ordinary shares on 12 June 2026 through Goldman Sachs International. The shares were bought at prices between 100.1p and 102.0p, with a volume-weighted a...
Executive/Board ChangesRegulatory Filings and Compliance
Lloyds Executives Add Shares Under Ongoing Incentive Plan
Positive
Jun 12, 2026
Lloyds Banking Group has reported routine acquisitions of ordinary shares by several senior executives under its Share Incentive Plan, with transactions completed on 9 June 2026 outside a trading venue. Participants include leaders across insuranc...
Business Operations and StrategyStock Buyback
Lloyds Banking Group Buys Back 5 Million Shares for Cancellation
Positive
Jun 11, 2026
Lloyds Banking Group has repurchased 5,000,000 of its ordinary shares on 11 June 2026 as part of its ongoing share buyback programme, with prices ranging between 97.24 pence and 98.66 pence and a volume-weighted average price of 98.1064 pence. The...
Business Operations and StrategyStock Buyback
Lloyds Banking Group Cancels 5 Million Shares in Ongoing Buyback Programme
Positive
Jun 10, 2026
Lloyds Banking Group has repurchased 5 million of its ordinary shares on 10 June 2026 as part of its existing share buyback programme, with prices ranging between 96.58p and 98.22p and a volume-weighted average price of 97.4734p. The bank intends ...
Business Operations and StrategyExecutive/Board Changes
Lloyds Banking Group Names Danuta Gray Chair of Scottish Widows and Non-Executive Director
Positive
Jun 10, 2026
Lloyds Banking Group has appointed Danuta Gray as a non-executive director of the group and member of its Responsible Business Committee, and as chair and non-executive director of Scottish Widows Group, effective 1 July 2026. Her appointment brin...
Business Operations and StrategyStock Buyback
Lloyds Banking Group Buys Back and Cancels 5 Million Shares
Positive
Jun 9, 2026
Lloyds Banking Group has repurchased 5 million of its ordinary shares on 9 June 2026 as part of its ongoing share buyback programme, paying a volume-weighted average price of 99.8793 pence per share. The company intends to cancel the repurchased s...
Business Operations and StrategyStock Buyback
Lloyds Banking Group Cancels 10 Million Shares in Latest Buyback Tranche
Positive
Jun 8, 2026
Lloyds Banking Group has repurchased 10 million of its ordinary shares on 8 June 2026 as part of its ongoing share buyback programme, with prices ranging between 98.3p and 100p and a volume-weighted average price of 99.4114p. The bank intends to c...
Delistings and Listing ChangesPrivate Placements and FinancingRegulatory Filings and Compliance
Lloyds Banking Group Lists £750 Million Callable Note on LSE Main Market
Neutral
Jun 8, 2026
Lloyds Banking Group has listed a new £750 million 5.5% fixed rate reset callable note due 2033 on the London Stock Exchange’s Main Market, expanding its unsecured funding base through its euro medium-term note programme. The admission ...
Business Operations and StrategyStock Buyback
Lloyds Banking Group Cancels 5 Million Shares in Ongoing Buyback
Positive
Jun 5, 2026
Lloyds Banking Group has repurchased 5,000,000 of its ordinary shares on 5 June 2026 as part of its ongoing share buyback programme, with prices ranging between 99.38 pence and 101.00 pence and a volume-weighted average price of 100.0735 pence. Th...
Business Operations and StrategyStock Buyback
Lloyds Banking Group Cancels 2.5 Million Shares in Ongoing Buyback
Positive
Jun 4, 2026
Lloyds Banking Group has repurchased 2.5 million of its ordinary shares on 4 June 2026 as part of its ongoing share buyback programme, with prices ranging between 98.9p and 100.75p and a volume-weighted average price of 100.0721p. The bank plans t...
Private Placements and FinancingRegulatory Filings and Compliance
Lloyds Banking Group Issues £750m Callable Notes Under EMTN Programme
Neutral
Jun 4, 2026
Lloyds Banking Group has published the final terms for a new £750 million issuance of 5.5% fixed rate reset callable notes due 2033 under its £25 billion Euro Medium Term Note programme. The documentation, which forms part of its broader...
Business Operations and StrategyStock Buyback
Lloyds Banking Group Cancels 10 Million Shares in Ongoing Buyback
Positive
Jun 3, 2026
Lloyds Banking Group has repurchased 10 million of its ordinary shares on 3 June 2026 under its existing share buyback programme, executing the trades through Goldman Sachs International. The shares were bought at prices between 99.1p and 100.8p, ...
Business Operations and StrategyStock Buyback
Lloyds Banking Group Buys Back and Cancels 7.5 Million Shares
Positive
Jun 2, 2026
Lloyds Banking Group has repurchased 7.5 million of its ordinary shares on 2 June 2026 through Goldman Sachs International as part of its ongoing share buyback programme. The shares were bought at prices between 99.12p and 101.40p, with a volume-w...
Business Operations and StrategyStock Buyback
Lloyds Banking Group Buys Back and Cancels 10 Million Shares
Positive
Jun 1, 2026
Lloyds Banking Group has repurchased 10 million of its ordinary shares on 1 June 2026 as part of its previously announced share buyback programme, paying a volume-weighted average price of about 100.14 pence per share. The bank plans to cancel the...
Business Operations and StrategyStock Buyback
Lloyds Banking Group Advances £1.75bn Share Buyback With New Share Purchases
Positive
May 29, 2026
Lloyds Banking Group has continued executing its previously announced share buyback programme, purchasing 7,853,706 ordinary shares on 29 May 2026 at prices between 101.0p and 102.2p, with a volume-weighted average price of 101.6482p. The bank pla...
Regulatory Filings and Compliance
Lloyds Banking Group Updates Share Capital and Voting Rights Total
Neutral
May 29, 2026
Lloyds Banking Group has confirmed that, as of 29 May 2026, it has 58,388,340,661 ordinary shares of 10p in issue with full voting rights, including those represented by American Depositary Receipts, and none held in treasury. This updated share c...
Regulatory Filings and Compliance
Lloyds Banking Discloses Share Sale by Chief Legal Officer
Neutral
May 29, 2026
Lloyds Banking Group has disclosed a share transaction by Chief Legal Officer and Company Secretary Kate Cheetham, classified as a person discharging managerial responsibilities under market regulations. The group remains a core player in U.K. ret...
Business Operations and StrategyStock Buyback
Lloyds Banking Group Buys Back and Cancels 7.7 Million Shares
Positive
May 28, 2026
Lloyds Banking Group has repurchased 7,746,541 of its ordinary shares on 28 May 2026 through Goldman Sachs International as part of its ongoing share buyback programme. The shares were bought at prices between 100.25p and 101.70p, with a volume-we...
Business Operations and StrategyStock Buyback
Lloyds Banking Group Buys Back and Cancels 5 Million Shares
Positive
May 27, 2026
Lloyds Banking Group has repurchased 5,000,000 of its ordinary shares on 27 May 2026, as part of its ongoing share buyback programme executed through Goldman Sachs International. The shares were bought at prices between 101.30p and 102.35p, with a...
Business Operations and StrategyStock Buyback
Lloyds Banking Group Cancels 4 Million Shares in Ongoing Buyback
Positive
May 26, 2026
Lloyds Banking Group has repurchased 4 million of its ordinary shares on 26 May 2026 as part of its ongoing share buyback programme, executing the trades through Goldman Sachs International at a volume-weighted average price of 101.4687 pence. The...
DividendsRegulatory Filings and Compliance
Lloyds Banking Discloses Dividend-Funded Share Purchase by Non-Executive Director
Neutral
May 26, 2026
Lloyds Banking Group has disclosed a share transaction involving non-executive director Catherine Woods and James Woods, a person closely associated with her, in line with UK Market Abuse Regulation requirements. The pair jointly acquired 3,084 or...
Delistings and Listing ChangesRegulatory Filings and Compliance
Lloyds Banking Seeks Block Admission for 500 Million New Shares
Neutral
May 26, 2026
Lloyds Banking Group has applied for a block admission of 500,000,000 new ordinary shares of 10p each to be listed on the Main Market of the London Stock Exchange. The shares, which are expected to be admitted on 27 May 2026, will rank equally wit...
Business Operations and StrategyStock Buyback
Lloyds Banking Group Buys Back and Cancels 5 Million Shares
Positive
May 22, 2026
Lloyds Banking Group has repurchased 5 million of its ordinary shares on 22 May 2026 as part of its ongoing share buyback programme. The shares were bought at prices ranging between 98.72 pence and 100.10 pence, with a volume-weighted average pric...
Executive/Board ChangesStock BuybackDividendsShareholder Meetings
Lloyds Grants New Long-Term Share Awards to Top Executives and Senior Managers
Neutral
May 22, 2026
Lloyds Banking Group has granted new long-term incentive plan awards in ordinary shares to senior executives, including Chief Executive Charlie Nunn and Chief Financial Officer William Chalmers, following shareholder approval of a revised director...
Business Operations and StrategyStock Buyback
Lloyds Banking Group Cancels 5.46 Million Shares in Ongoing Buyback
Positive
May 21, 2026
Lloyds Banking Group has repurchased 5,456,645 of its ordinary shares on 21 May 2026 through Goldman Sachs International as part of its ongoing share buyback programme. The shares were bought at prices ranging between 97.66 pence and 99.80 pence, ...
Business Operations and StrategyStock Buyback
Lloyds Banking Group Cancels 6.9 Million Shares in Ongoing Buyback
Positive
May 20, 2026
Lloyds Banking Group has repurchased 6,925,854 of its ordinary shares on 20 May 2026 as part of its ongoing share buyback programme, paying a volume-weighted average price of 97.0080 pence per share within a trading range of 96.18 to 98 pence. The...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Lloyds Banking Group Buys Back and Cancels 10 Million Shares
Positive
May 19, 2026
Lloyds Banking Group has repurchased 10 million of its ordinary shares on 19 May 2026 as part of its ongoing share buyback programme, with prices ranging between 96.06p and 96.84p and a volume-weighted average price of 96.4346p. The bank plans to ...
Business Operations and StrategyStock Buyback
Lloyds Banking Group Cancels 15.7 Million Shares in Ongoing Buyback
Positive
May 18, 2026
Lloyds Banking Group has repurchased 15,675,080 of its ordinary shares on 18 May 2026 as part of its ongoing share buyback programme, paying a volume-weighted average price of 94.8085 pence per share within a range of 93.6400 to 95.7200 pence. The...
Business Operations and StrategyStock Buyback
Lloyds Banking Group Cancels 30 Million Shares in Ongoing Buyback
Positive
May 15, 2026
Lloyds Banking Group has repurchased 30 million of its ordinary shares on 15 May 2026 as part of its ongoing share buyback programme, paying a volume-weighted average price of 94.0888 pence per share within a trading range of 93.3 to 95 pence. The...
Business Operations and StrategyStock Buyback
Lloyds Banking Group Buys Back and Cancels 8 Million Shares
Positive
May 14, 2026
Lloyds Banking Group has executed a further tranche of its ongoing share buyback programme, repurchasing 8,000,000 ordinary shares on 14 May 2026 through Goldman Sachs International. The shares were acquired at a volume‑weighted average pric...
Business Operations and StrategyExecutive/Board ChangesStock BuybackDividendsShareholder Meetings
Lloyds Banking Group Wins Strong Investor Backing at AGM
Positive
May 14, 2026
Lloyds Banking Group shareholders approved all 26 resolutions at the bank’s annual general meeting in Edinburgh, with each motion passed by the required majority on a poll. Investors backed the re-election of the entire existing board, the e...
Business Operations and StrategyDelistings and Listing ChangesPrivate Placements and Financing
Lloyds Banking Group Lists €750 Million Callable Notes on London Stock Exchange
Positive
May 14, 2026
Lloyds Banking Group has admitted €750 million of 3.625% Fixed Rate Reset Callable Notes due 2033 to trading on the London Stock Exchange’s Main Market. The notes, issued under its euro medium-term note programme, expand the bank’...
Business Operations and StrategyStock Buyback
Lloyds Banking Group Cancels 11.85 Million Shares in Ongoing Buyback
Positive
May 13, 2026
Lloyds Banking Group has repurchased 11,850,000 of its ordinary shares on 13 May 2026 as part of its ongoing share buyback programme, paying a volume-weighted average price of 94.4524 pence with prices ranging between 93.26 and 95.4 pence. The ban...
Regulatory Filings and Compliance
Lloyds Banking Group Discloses Routine Executive Share Awards Under Incentive Plan
Neutral
May 13, 2026
Lloyds Banking Group has reported routine share transactions by several senior executives under its Share Incentive Plan, including the CEOs of Insurance, Pensions Investments and Consumer Relationships, the Chief Risk Officer, Chief People and P...
Stock BuybackRegulatory Filings and Compliance
Lloyds Banking Group Cancels 32.3 Million Shares in Ongoing Buyback
Positive
May 12, 2026
Lloyds Banking Group has repurchased 32,331,351 of its ordinary shares on 12 May 2026 as part of its ongoing share buyback programme, with prices ranging between 93.92 pence and 95.30 pence and a volume-weighted average price of 94.5432 pence. The...
Private Placements and FinancingRegulatory Filings and Compliance
Lloyds Banking Group Sets Final Terms for €750m Callable Note Issue
Neutral
May 12, 2026
Lloyds Banking Group has published the final terms for a new EUR 750 million 3.625% Fixed Rate Reset Callable Note maturing in 2033, issued under its £25 billion Euro Medium Term Note programme. The documentation, which has been filed with th...
Business Operations and StrategyStock Buyback
Lloyds Banking Group Buys Back and Cancels Over 16.6 Million Shares
Positive
May 11, 2026
Lloyds Banking Group has repurchased 16,635,214 of its ordinary shares on 11 May 2026 as part of its ongoing share buyback programme, paying a volume-weighted average price of 98.7780 pence per share. The highest price paid was 100.0500 pence and ...
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
Lloyds Seeks Investor Consent to Align AT1 Subordination and Boost Tier 2 Capital
Positive
May 11, 2026
Lloyds Banking Group has called a meeting of holders of its £750 million Additional Tier 1 perpetual subordinated contingent convertible securities callable in 2029 to seek consent for amendments aligning their subordination terms with those ...
Private Placements and FinancingRegulatory Filings and Compliance
Lloyds Seeks Investor Approval to Amend AT1 Bond Terms Amid Regulatory Changes
Neutral
May 11, 2026
Lloyds Banking Group has called a meeting of holders of its £750,009,000 Fixed Rate Reset Additional Tier 1 Perpetual Subordinated Contingent Convertible Securities callable in 2029 to vote on an extraordinary resolution amending the terms an...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Lloyds Banking Group Cancels 20 Million Shares in Ongoing Buyback
Positive
May 8, 2026
Lloyds Banking Group has repurchased 20,010,388 of its ordinary shares on 8 May 2026 as part of its ongoing share buyback programme, with prices ranging between 97.5 pence and 100.08 pence and a volume-weighted average price of 99.3486 pence. The ...
Business Operations and StrategyStock Buyback
Lloyds Banking Group Cancels 20 Million Shares in Ongoing Buyback
Positive
May 7, 2026
Lloyds Banking Group has repurchased 20 million of its ordinary shares on 7 May 2026 as part of its ongoing share buyback programme, with prices ranging between 98.26 pence and 99.45 pence and a volume-weighted average price of 98.8997 pence. The ...
Business Operations and StrategyStock Buyback
Lloyds Banking Buys Back and Cancels 20 Million Shares
Positive
May 6, 2026
Lloyds Banking Group has repurchased 20 million of its ordinary shares on 6 May 2026 as part of its existing share buyback programme, at prices ranging between 97.96p and 100p, with a volume‑weighted average price of 99.2954p. The bank inten...
Business Operations and StrategyStock Buyback
Lloyds Banking Group Cancels 33.7 Million Shares in Ongoing Buyback
Positive
May 5, 2026
Lloyds Banking Group has repurchased 33,697,932 of its ordinary shares on 5 May 2026 as part of its existing share buyback programme, with prices ranging between 93.50p and 96.36p and a volume-weighted average price of 94.7636p. The bank plans to ...
Regulatory Filings and Compliance
Lloyds Banking Executive Sells Shares but Remains in Line With Ownership Policy
Neutral
May 5, 2026
Lloyds Banking Group disclosed that Chirantan Barua, CEO of Insurance, Pensions Investments and a person discharging managerial responsibilities, sold 512,681 ordinary shares in the group on 30 April 2026 at 97.108 pence per share on the London S...
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.