Streetbeat News

BCS

Barclays PLC

Industry

Banks - Diversified

Barclays PLC provides various financial services in the United Kingdom, Europe, the Americas, Africa, the Middle East, and Asia. The company operates through Barclays UK; Barclays UK Corporate Bank; Barclays Private Bank and Wealth Management; Barclays Investment Bank; and Barclays US Consumer Bank segments. It offers financial services, such as retail banking, credit cards, wholesale banking, investment banking, wealth management, and investment management services, as well as lending products. In addition, the company engages in securities dealing activities and issuing of credit cards. The company was formerly known as Barclays Bank public limited company 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

15.32

Mkt cap

56B

Volume

19M

High

15.73

P/E Ratio

8.73

52-wk high

16.33

Low

15.25

Div yield

0.00

52-wk low

8.95

CEOs from major banks such as JPMorgan Chase & Co. (JPM) and Barclays PLC (BCS) met in Davos to discuss the competitive challenges from fintech firms and the impact of stringent regulations. The meeting, which included around 60 global financial firm CEOs, focused on managing risks amid geopolitical tensions, macroeconomic uncertainty, and technological disruptions. Concerns about UK and European regulators' stringency were highlighted. This comes after a weak start to the U.S. banking sector's earnings season, with several banks reporting disappointing Q4 results.

Portfolio Pulse from Benzinga Neuro

January 18, 2024 | 3:34 am

Sky News has reported that Barclays is in the process of cutting approximately 5,000 jobs from its global workforce as part of a cost-cutting initiative. The bank aims to improve efficiency, customer service, and deliver higher returns.

Portfolio Pulse from Charles Gross

January 08, 2024 | 4:55 pm

Barclays (NYSE:BCS) has experienced a significant increase in short interest, with a 671.43% rise since the last report, reaching 19.45 million shares shorted, which is 0.54% of the float. The short interest is still below the peer group average of 0.84%. High short interest can indicate bearish market sentiment but does not necessarily predict a price drop.

Portfolio Pulse from Benzinga Insights

January 03, 2024 | 8:30 pm

Elon Musk has been reassuring bankers who financed his $44 billion acquisition of Twitter, now known as X, that they will not face financial losses despite a potential $2 billion hit. Banks like Bank of America, Barclays, and Morgan Stanley provided a $13 billion loan for the buyout. The banks may confront significant losses due to a decline in advertising revenue at X, partly caused by Musk's controversial comments, leading to advertisers withdrawing. There is concern that the banks might have to hold the depreciated debt on their books beyond 2024.

Portfolio Pulse from Bibhu Pattnaik

December 16, 2023 | 5:30 pm

Financial stocks are trading lower due to overall market weakness and comments from New York Fed President Williams indicating that the central bank is not considering rate cuts at the moment.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 8:22 pm

Elon Musk is ordered by Judge Laurel Beeler to testify again in the SEC's investigation into his $44-billion Twitter takeover. The SEC claims new documents require Musk's further testimony. Musk's history with the SEC includes a 2018 settlement over misleading tweets, which he is now appealing to the Supreme Court. The SEC is also probing the timeliness and accuracy of Musk's disclosures during the Twitter acquisition. Banks that funded the takeover, including Morgan Stanley, Bank of America, and Barclays, face potential losses on their $13 billion backing, with the debt's value dropping and doubts about Twitter's management under Musk.

Portfolio Pulse from Neil Dennis

December 15, 2023 | 1:20 pm

Financial stocks are experiencing an uptick following the Federal Reserve's decision to maintain current interest rates, leading to positive market sentiment.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 6:25 pm

Barclays Inc. (NYSE:BCS) stock has risen by 4.09% in the current session to $7.75, with an 11.74% increase over the past month and a 1.91% rise over the past year. The company's P/E ratio of 4.38 is lower than the Banks industry average of 14.91, which could indicate that the stock is undervalued or that investors have lower growth expectations for Barclays compared to its industry peers.

Portfolio Pulse from Benzinga Insights

December 14, 2023 | 3:15 pm

Barclays (NYSE:BCS) has seen a 46.15% decrease in short interest since its last report, with 2.55 million shares sold short, representing 0.07% of available shares. The average time to cover these short positions is 1.0 day. Short interest is a market sentiment indicator, and Barclays's short interest is below its peer group average of 0.88%. The decline in short interest does not necessarily predict a stock price increase.

Portfolio Pulse from Benzinga Insights

November 28, 2023 | 5:00 pm

Barclays is reportedly in discussions to acquire a mortgage book valued at £3 billion from Metro Bank, according to Sky News. This move could potentially expand Barclays' mortgage lending business in the UK.

Portfolio Pulse from Charles Gross

November 27, 2023 | 12:37 pm

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