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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

Walmart Inc. reported better-than-expected Q4 FY24 results, with net sales growth of 5.7% to $173.39 billion and adjusted EPS of $1.80, surpassing consensus estimates. The company also announced a 9% increase in its annual cash dividend for FY25. Other stocks like Iovance Biotherapeutics, Phathom Pharmaceuticals, VIZIO Holding Corp, Discover Financial Services, Barclays PLC, Korea Electric Power Corporation, Qurate Retail, InterContinental Hotels Group, Armstrong World Industries, Telephone and Data Systems, and Owens & Minor recorded gains in Tuesday's session.

Portfolio Pulse from Avi Kapoor

February 20, 2024 | 3:26 pm

Barclays reported positive Q4 financial results and announced plans to initiate a further share buyback of up to £1 billion, leading to an increase in its share price.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 2:01 pm

Barclays PLC (NYSE:BCS) shares surged premarket Tuesday following its Q4 FY23 earnings report. Despite a 3% Y/Y decline in total income to £5.6 billion and an attributable loss of £0.1 billion, the bank announced a further share buyback of up to £1 billion. Barclays plans to restructure its reporting segments and targets significant income and capital return to shareholders by 2026, alongside cost savings through structural actions including headcount reduction.

Portfolio Pulse from Lekha Gupta

February 20, 2024 | 1:27 pm

Earnings reports for various companies are scheduled for February 20, 2024, with a mix of projected earnings and losses across different sectors. Notable companies include Walmart, Home Depot, Medtronic, and Barclays, among others, with expectations ranging from significant profits to losses per share.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 11:52 am

Barclays has outlined its financial targets for 2024 and beyond, aiming for a RoTE of over 10% in 2024 and around 10.5% excluding inorganic activities. The bank plans to return at least £10bn to shareholders through dividends and buybacks from 2024 to 2026, maintaining stable dividends while increasing buybacks. It targets a Barclays Group NII of approximately £10.7bn, excluding its Investment Bank and Head Office, with a Group total income of around £30bn by 2026. Barclays aims for a cost:income ratio of about 63% in 2024, reducing to the high 50s by 2026, and expects to operate within a CET1 ratio of 13-14%. The bank also anticipates regulatory changes to impact RWAs at the lower end of a 5-10% range.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 7:58 am

Barclays has announced plans to initiate another share buyback program, aiming to repurchase up to £1 billion worth of its shares. This move is part of the bank's strategy to return value to its shareholders and reflects confidence in its financial health and future prospects.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 7:52 am

Barclays (NYSE:BCS) reported Q4 adjusted EPS of $0.21, missing the $0.36 estimate by 41.67%, and sales of $6.94B, missing the $7.38B estimate by 5.98%. This represents a 30% decrease in EPS from the same period last year, though sales saw a 1.98% increase from $6.80B.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 7:48 am

Barclays (NYSE:BCS) is scheduled to release its quarterly earnings report on February 20, 2024, with analysts predicting an EPS of $0.36. Investors are hopeful for a beat on this estimate and positive guidance for future growth. Historical data shows mixed stock price reactions to past earnings, with a general 10.43% decline over the last year. The upcoming earnings announcement is crucial for investors, especially given the stock's recent performance.

Portfolio Pulse from Benzinga Insights

February 19, 2024 | 2:00 pm

Barclays VP, Nazia Lawrence, has filed a lawsuit against Barclays PLC (NYSE:BCS) for racial, religious, and gender discrimination, seeking $290,000 in compensation. Lawrence alleges she was denied promotion despite her qualifications and performance, leading to mental distress and a decline in her performance ratings. The lawsuit also requests further training and a transparent promotion process at Barclays.

Portfolio Pulse from Benzinga Neuro

February 14, 2024 | 6:58 am

Banking and financial services stocks, including ACRE, APAM, BANC, and others, are trading lower due to a greater-than-expected increase in January inflation data.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 8:34 pm

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