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Lloyds Banking Q4 Earnings Disappoint Amid $882M Car Finance Provision, Shares Rise on Buyback Plan

Seeking Alpha

Lloyds Banking Group's Q4 2024 earnings fell short of expectations due to an additional $882M provision for a motor finance investigation. Despite this, the company's shares surged 5.6% in US morning trading after announcing a $2.14B share buyback program and a 15% dividend hike. The move aims to boost shareholder value, but the bank's financial performance was impacted by the ongoing car finance saga, highlighting the need for effective risk management and financial planning in the banking sector, including asset finance and consumer finance.