Lloyds Banking Group Misses Q4 Earnings Expectations Amid Car Finance Provision
2025-02-20
Seeking Alpha
Lloyds Banking Group announced a £1.7B share buyback program and a 15% dividend hike, boosting its shares by 7% in US morning trading. Despite a strong full-year 2024 performance, the bank's Q4 earnings were impacted by an $882M provision for car finance issues. The move reflects the company's efforts to navigate challenges in the financial sector, including consumer finance and banking services. With a focus on shareholder returns, Lloyds Banking Group aims to drive growth and stability in the industry. Key areas of focus include financial planning, investment banking, and risk management.
