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 US Consumer Bank has renewed its co-branded credit card program with Hawaiian Airlines. Barclays will continue to issue the Hawaiian Airlines World Elite Mastercard for consumers and the Hawaiian Airlines World Elite Business Mastercard for small businesses.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 11:04 am

European stocks and the British pound surged ahead of the UK election results, with the Labour Party expected to win a landslide victory. The FTSE 100 Index rose over 1%, led by Smith & Nephew, Bunzl, Melrose, and Barclays. The Invesco CurrencyShares British Pound Sterling ETF (FXB) edged 0.2% higher. The broader Euro STOXX 50 Index, tracked by the SPDR DJ Euro STOXX 50 ETF (FEZ), closed 0.4% higher. Cryptocurrencies, including Bitcoin, Ethereum, Solana, Ripple, and Cardano, saw significant declines.

Portfolio Pulse from Piero Cingari

July 05, 2024 | 3:00 pm

Ten major banks, including Goldman Sachs, JPMorgan, and BNP Paribas, have agreed to pay $46 million to settle a lawsuit accusing them of colluding to stifle competition in interest-rate swaps trading. The settlement, which was submitted to a New York federal court, comes after the judge denied class-action status to the claims, weakening the case. Despite this, the settlement is seen as a significant recovery for the plaintiffs.

Portfolio Pulse from Benzinga Neuro

June 28, 2024 | 5:38 am

The Federal Reserve's 2024 stress test reveals that large banks face greater projected losses than last year but remain well-capitalized to endure a severe recession. Key banks like Ally Financial, Discover Financial Services, and Goldman Sachs are notably impacted by increased credit card losses, riskier corporate credit portfolios, and higher expenses. Despite these challenges, all 31 banks tested remain above their minimum capital requirements.

Portfolio Pulse from Piero Cingari

June 26, 2024 | 9:12 pm

Barclays PLC (NYSE:BCS) shares are trading lower on Friday following a directive from the Prudential Regulation Authority (PRA) to review its leveraged finance exposure. This move is part of a broader examination of U.K. banks' risk management in private equity investments. Barclays will conduct the review through a section 166 report. Despite reporting strong first-quarter FY24 net income, BCS stock is down 3.3% at $10.25. Investors can also gain exposure to Barclays via the Dimensional International Value ETF (NYSE:DFIV) and ActivePassive International Equity ETF (NYSE:APIE).

Portfolio Pulse from Shivani Kumaresan

June 14, 2024 | 2:40 pm

Barclays has started implementing job cuts throughout its investment banking division, according to Bloomberg. This move is part of a broader strategy to reduce costs and improve efficiency within the organization.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 11:58 am

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

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.