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

12.96

Mkt cap

47B

Volume

6.4M

High

13.11

P/E Ratio

9.28

52-wk high

13.57

Low

12.93

Div yield

0.04

52-wk low

7.02

Barclays reported Q3 2024 earnings per share of $0.56, missing the analyst consensus estimate of $0.71 by 21.13%. However, sales increased by 7.45% year-over-year to $8.513 billion.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 7:37 am

Barclays is in discussions with Brookfield to sell a majority stake in its merchant acquiring business. This move is part of Barclays' strategy to streamline its operations and focus on core areas. The deal could significantly impact Barclays' financial structure and market position.

Portfolio Pulse from Benzinga Newsdesk

October 22, 2024 | 11:22 am

General Motors (GM) has entered a long-term partnership with Barclays to become the exclusive issuer of GM Rewards Mastercard in the U.S., enhancing benefits for cardholders. Barclays will acquire the GM card program's receivables, expanding its U.S. credit card portfolio.

Portfolio Pulse from Lekha Gupta

October 14, 2024 | 12:29 pm

General Motors (GM) has partnered with Barclays to launch the GM Rewards Mastercard and the GM Business Mastercard, aiming to enhance customer loyalty and engagement.

Portfolio Pulse from Benzinga Newsdesk

October 14, 2024 | 10:39 am

Banking and financial services stocks are experiencing a rise in share prices due to better-than-expected financial results from JPMorgan Chase and Wells Fargo.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2024 | 3:36 pm

Banking stocks are rising due to strong September employment data and a tentative agreement to suspend a dockworkers' strike, alleviating economic concerns.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2024 | 4:57 pm

The Commodity Futures Trading Commission (CFTC) has filed and simultaneously settled charges against Barclays for swap reporting violations. Barclays has been ordered to pay a $4 million penalty.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 2:27 pm

American Airlines (AAL) is in talks to make Citigroup its exclusive credit card partner, ending its partnership with Barclays. This move aims to increase revenue from co-branded credit cards. However, regulatory objections could delay or derail the deal. AAL shares are trading slightly lower.

Portfolio Pulse from Nabaparna Bhattacharya

September 20, 2024 | 5:13 pm

Hewlett Packard Enterprise (HPE) has announced a new private cloud services deal with Barclays, extending their partnership. HPE GreenLake Cloud will be a core component of Barclays' hybrid cloud strategy, aiming to double workload migration over the next three years.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 9:09 am

Barclays is facing challenges in selling a stake in its UK payments unit, according to sources. This development could impact the bank's strategic plans and financial performance.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2024 | 3:24 pm

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.