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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 Plc is planning to cut hundreds of jobs across its trading and investment bank divisions in an effort to reduce costs. The cuts will affect about 5% of client-facing staff in the trading division and some dealmakers globally. The firm is also preparing to restructure teams within its UK consumer-banking unit.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 5:18 pm

Barclays PLC is considering selling a stake in its UK merchants' payment processing unit, which could be worth at least $2.5 billion. The bank is seeking a partner to boost the business. The discussions are part of Barclays' review of its global payment activities. The company has not decided how significant a stake it might divest.

Portfolio Pulse from Nabaparna Bhattacharya

September 04, 2023 | 1:49 pm

Barclays's (NYSE:BCS) short percent of float has fallen 30.0% since its last report, with 2.48 million shares sold short, which is 0.07% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards Barclays. Compared to its peers, Barclays has less short interest as a percentage of float, with an average of 0.89%.

Portfolio Pulse from Benzinga Insights

September 01, 2023 | 1:15 pm

3M Co has agreed to pay over $5.5 billion to settle more than 300,000 lawsuits accusing it of selling defective combat earplugs to the U.S. military. The settlement amount is about half of the $10 billion the company could have ended up paying. The lawsuits accused 3M of deliberately failing to warn the U.S. government or users despite knowing the earplugs were too short to work optimally. The settlement will be paid out over five years.

Portfolio Pulse from Shivani Kumaresan

August 28, 2023 | 9:58 am

Moody's has cut the credit ratings of 10 banks and placed others under review for potential downgrades, leading to a decrease in banking stocks.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 1:54 pm

Barclays's (NYSE:BCS) short percent of float has fallen 23.08% since its last report, with 3.70 million shares sold short, which is 0.1% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards Barclays. Compared to its peers, Barclays has less short interest as a percentage of float, with an average of 1.05%.

Portfolio Pulse from Benzinga Insights

August 07, 2023 | 6:15 pm

The article lists the stocks that have gained and lost the most in Thursday's mid-day session. Some of the top gainers include Femasys Inc., Ultralife Corporation, and Mallinckrodt plc, while the top losers include Mersana Therapeutics, Inc., Yellow Corporation, and Asensus Surgical, Inc. The reasons for the changes in stock prices range from better-than-expected quarterly results to reports of potential bankruptcy.

Portfolio Pulse from Lisa Levin

July 27, 2023 | 4:53 pm

Barclays PLC (NYSE:BCS) shares are down by around 4% after the company reported Q2 2023 results. Total income fell 6% Y/Y to £6.3 billion, with operating expenses rising 21% Y/Y. The company saw growth in Barclays UK income (+14% Y/Y) but a decline in Barclays International (-13% Y/Y). The bank disclosed H1 2023 dividend of 2.7p and a share buyback worth £750 million. For 2023, BCS continues to expect loan loss rate of 50-60bps and return on tangible equity of above 10%.

Portfolio Pulse from Lekha Gupta

July 27, 2023 | 12:26 pm

Several stocks are recording losses in today's pre-market trading session. TPI Composites, National Vision Holdings, LendingClub Corporation, Oceaneering International, Impinj, MaxLinear, VEON Ltd., Silicon Motion Technology Corporation, POSCO Holdings, Sunnova Energy International, eBay, Edwards Lifesciences Corporation, and Barclays PLC all saw declines. Reasons for the declines include lowered forecasts, ending partnerships, weaker-than-expected quarterly results, downbeat sales, and downbeat second-quarter results.

Portfolio Pulse from Lisa Levin

July 27, 2023 | 10:47 am

Barclays shares are trading lower following the release of the company's Q2 2023 results.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 9:42 am

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