RE: share price next week5 May 2019 12:26
Roughly another £1.0bn, the analyst estimated, leading him to raise his forecast for Lloyd's share buybacks in 2020 from £1.5bn to £2.5bn.
Lloyds was guiding towards 170-200 basis points of capital generation over 2019, equating to approximately £3.5bn-4.1bn, of which £2.4bn would be consumed by dividends.
With the additional £1.0bn worth of funds available, the broker kept his estimate of the shares' fair value at 80.0p.