Streetbeat News

BCS

Barclays PLC

https://www.home.barclays

Industry

Banks - Diversified

Barclays PLC, through its subsidiaries, provides various financial products and services in the United Kingdom, Europe, the Americas, Africa, the Middle East, and Asia. The company operates through Barclays UK and Barclays International divisions. It offers financial services, such as retail banking, credit cards, wholesale banking, investment banking, wealth management, and investment management services. The company also engages in securities dealing activities; and issues credit cards. The company was formerly known as Barclays Bank Limited and changed its name to Barclays PLC in January 1985. Barclays PLC was founded in 1690 and is headquartered in London, the United Kingdom.

Open

14.16

Mkt cap

51B

Volume

19M

High

14.29

P/E Ratio

10.41

52-wk high

14.29

Low

14.13

Div yield

0.03

52-wk low

7.07

Venu Krishna, Barclays' head of U.S. equity linked strategies, expressed concerns about current stock valuations, describing them as 'quite full'. This suggests potential risks in the stock market.

Portfolio Pulse from

January 13, 2025 | 5:00 pm

UBS has raised its price target for Barclays, maintaining a 'buy' recommendation due to strong growth prospects in investment banking. UBS prefers European banks like Barclays and Deutsche Bank over US banks like Goldman Sachs and Morgan Stanley, citing a valuation discount.

Portfolio Pulse from

January 13, 2025 | 12:45 pm

Barclays anticipates market volatility leading up to the U.S. inauguration day. Emmanuel Cau, head of European equity strategy at Barclays, discusses the outlook for European stocks in 2025.

Portfolio Pulse from

January 09, 2025 | 5:30 am

Barclays had an impressive 2024 with a 70% stock rise, driven by investment banking, cost controls, and structural hedges. The bank is set for further growth with ambitious income targets and shareholder returns planned through FY26.

Portfolio Pulse from

January 06, 2025 | 7:15 am

Barclays has terminated over a dozen bankers and traders on Wall Street, totaling 15 out of approximately 50 layoffs last month, without providing bonuses.

Portfolio Pulse from

December 27, 2024 | 8:45 pm

Barclays stock (NYSE: BCS) has surged 70% year-to-date, outperforming the S&P500's 25% rise and Bank of America's 35% increase.

Portfolio Pulse from

December 27, 2024 | 10:30 am

Barclays' Emily Field discusses the weight loss drug market and the disappointing trial results of Novo Nordisk's CagriSema drug. Despite the setback, the overall Novo Nordisk story remains intact.

Portfolio Pulse from

December 26, 2024 | 1:00 pm

Barclays is trading at approximately 0.6 times its 2026 tangible book value, despite a 70% year-to-date increase. The bank aims for a 12% return on tangible equity by 2026, focusing on high-return UK segments and cost efficiency. Analysts expect Barclays to meet cost-income targets but fall short on RoTE due to lower revenue growth, with its current valuation reflecting a discount to U.S. peers.

Portfolio Pulse from

December 20, 2024 | 9:15 pm

Barclays' Emily Field believes the selloff in Novo Nordisk's shares due to the underperformance of its obesity shot CagriSema is an overreaction.

Portfolio Pulse from

December 20, 2024 | 4:45 pm

Barclays' Naohiko Baba comments on the Bank of Japan's decision to maintain current interest rates, suggesting potential for two rate hikes in 2025.

Portfolio Pulse from

December 20, 2024 | 6:30 am

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