Lloyds Banking Group plc Sponsored ADR (LSE:LLOY) delivered H1 2026 strength—pre-tax profit £4.293bn (+23%), net income £9.7bn (+9%), NII £7.3bn and NIM 3.19%—while proposing a new £1bn buyback (adding to £1.75bn), filing a push-down election on preference shares and appointing Goldman Sachs to execute purchases.
Previous Week Recap
- Lloyds Banking Group Sponsored ADR: Strong H1 2026: Lloyds Banking Group (LLOY) H1 2026: pre-tax profit £4.293bn (+23%), net income £9.7bn (+9%), NII £7.3bn, NIM 3.19%. Q2 pre-tax £2.27bn, adj EPS 3p. Interim dividend 1.58p; buybacks +£1bn.
- Lloyds LLOY Plans £1bn Buyback: Lloyds (LLOY) plans a new £1bn share buyback through 27 Jan 2027, adding to an existing £1.75bn program. Goldman Sachs appointed to execute purchases; weekly reports start week of 3 Aug 2026.
- Lloyds Notice Push-Down Election: Lloyds (LLOY) filed a Notice of Push-Down Election on 30 July 2026 to reclassify Existing Preference Shares as Tier 2 capital and subordinate AT1 securities ahead of ordinary equity in winding-up.
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