Barclays 2024 Outlook: Sees Barclays Group NII Excluding Barclays Investment Bank And Head Office Of £11B; Expects RoTE Of Greater Than 10% In 2024 And 10.5% Excluding Inorganic Activity
Portfolio Pulse from Benzinga Newsdesk
Barclays' 2024 outlook projects a Return on Tangible Equity (RoTE) of over 10%, with net interest income (NII) excluding investment banking and head office expected to exceed £11 billion. The bank anticipates a cost-to-income ratio of around 63% and plans for efficiency savings. The capital CET1 ratio is expected to remain within 13-14%.
October 24, 2024 | 7:51 am
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Barclays projects a strong financial outlook for 2024, with a RoTE of over 10% and NII exceeding £11 billion. The bank plans efficiency savings and expects a stable CET1 ratio.
Barclays' positive financial projections for 2024, including a RoTE of over 10% and increased NII, suggest potential growth and stability, likely boosting investor confidence and positively impacting the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100