Lloyds Banking Q4 Earnings Fall, Revenue Rises; Plans Share Buyback Program -- Shares Up Pre-Bell

MT Newswires Live
02-20

Lloyds Banking Group (LYG) reported Q4 earnings Thursday of 0.01 British pounds ($0.013) per diluted share, down from 0.017 pounds a year earlier.

Analysts polled by FactSet expected 0.014 pounds.

Revenue for the quarter ended Dec. 31 expressed as the sum of underlying net interest income and underlying other income, was 4.71 billion pounds, up from 4.60 billion pounds a year earlier. Four analysts polled by FactSet expected 4.36 billion pounds.

Additionally, the company said it plans to implement a share buyback program of up to 1.7 billion pounds.

The company shares were up over 6% in recent premarket activity.

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