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

N/A

Mkt cap

N/A

Volume

N/A

High

N/A

P/E Ratio

N/A

52-wk high

N/A

Low

N/A

Div yield

N/A

52-wk low

N/A

Barclays is in discussions to acquire the GM credit card business from Goldman Sachs, with a deal involving approximately $2 billion of balances potentially being finalized by summer, according to the Wall Street Journal.

Portfolio Pulse from Charles Gross

April 30, 2024 | 9:07 am

Earnings reports from Deutsche Bank, Barclays, and Neste failed to impress, leading to negative stock movements. BHP Group's takeover bid for Anglo American boosted its share price significantly. Meta's earnings exceeded expectations but concerns over its metaverse investments led to a significant market cap loss. US GDP data and its implications for Fed policy, along with the Dow Jones' performance, are key focuses for investors.

Portfolio Pulse from Naeem Aslam

April 25, 2024 | 1:52 pm

As of April 25, 2024, Barclays PLC (BCS), SLM Corporation (SLM), and American Express Company (AXP) are identified as overbought financial stocks, potentially signaling a short-term performance warning. BCS, SLM, and AXP have shown significant gains, with their RSI values indicating they are overbought. This could suggest a cautionary outlook for momentum investors in these stocks.

Portfolio Pulse from Avi Kapoor

April 25, 2024 | 1:03 pm

Barclays shares are trading higher following the release of their Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 10:22 am

Barclays has reiterated its financial targets for 2024 and 2026, aiming for a RoTE of over 10% in 2024 and 12% in 2026. The bank plans to return at least £10bn to shareholders through dividends and buybacks, maintaining a stable total dividend with growth in dividend per share. It targets a Group NII of approximately £10.7bn in 2024, with Barclays UK contributing about £6.1bn. The bank also aims for a cost-income ratio of around 63% in 2024, with £1bn in efficiency savings, and high 50s by 2026 with £2bn in savings. Impairment levels are expected to be 50-60bps, and the CET1 ratio target is set at 13-14%. Regulatory changes are anticipated to impact RWAs at the lower end of a 5-10% increase.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 8:22 am

Barclays reported Q1 2024 GAAP EPS of $0.52, missing the $0.58 estimate, with sales rising slightly to $8.818B from $8.790B YoY.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 8:13 am

UBS Group AG is planning to open a new office in Menlo Park, California, targeting the technology sector with the hire of Sean Lynch from Barclays Plc. The move aims to capitalize on the expected increase in dealmaking and IPOs, positioning UBS alongside competitors like Morgan Stanley and JP Morgan Chase & Co in Silicon Valley. UBS's stock has seen a 36% increase over the past year, with exposure available through ETFs like AVDE and AVSD.

Portfolio Pulse from Nabaparna Bhattacharya

April 23, 2024 | 9:51 am

Barclays Bank announced updates on its comprehensive cash tender offers and consent solicitations for 16 ETN series. This move is part of the bank's broader strategy to manage its financial products and could impact the liquidity and market perception of these ETNs.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 6:09 am

Airlines worldwide are increasing ticket prices to cover the $5 trillion cost of decarbonizing air travel, with sustainable aviation fuel being a major expense. Countries like Singapore and Malaysia are implementing taxes and fees to support this transition, while airlines risk fines and restrictions if they fail to reduce emissions. Barclays PLC has stopped financing new oil and gas fields, aligning with its Transition Finance Framework.

Portfolio Pulse from Benzinga Neuro

March 22, 2024 | 9:19 am

Barclays PLC (NYSE:BCS) is set to cut hundreds of jobs in its investment banking division as part of its annual review process, aiming to dismiss underperformers. This move follows a challenging year for dealmaking in the banking industry and is part of Barclays' strategy to focus on expanding its higher-returning consumer bank. The bank also plans to save costs and boost profitability by reducing up to 2,000 jobs. Despite a 3% year-over-year decrease in total income for Q4 FY23, Barclays is optimistic about its 2024 projections, including a notable NII for Barclays UK. Additionally, Barclays has increased the purchase price for certain cash tender offers.

Portfolio Pulse from Lekha Gupta

March 21, 2024 | 10:19 am

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.