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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' shares are trading lower after the company released its Q3 earnings report.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 4:08 pm

Barclays PLC reported Q3 total income growth of 5% Y/Y to £6.26 billion, but EPS declined to 8.3p from 9.4p Y/Y. Barclays UK income fell by 2% Y/Y, while Barclays International grew by 9% Y/Y. Operating expenses increased, and attributable profit declined 16% Y/Y. The company paid a half-year dividend of 2.7p per share and completed a £750 million share buyback. For 2023, Barclays reiterated a loan loss rate of 50-60bps and a return on tangible equity above 10%. The company's shares are down by 5.70% in premarket trading.

Portfolio Pulse from Anusuya Lahiri

October 24, 2023 | 12:40 pm

Several big stocks recorded losses in Tuesday's pre-market trading session. TrueBlue shares declined 19.5% due to weaker-than-expected Q3 results. IonQ shares dipped 15.3% following the announcement of the departure of its Chief Science Officer. AGNC Investment Corp shares fell 9.1% after reporting preliminary Q3 estimates. VMware shares declined 5.4% after a 3% gain on Monday. Barclays shares fell 4.6% after reporting Q3 results. FMC Corporation shares declined 4% after a downgrade by B of A Securities and Goldman Sachs. Sealed Air Corporation shares fell 3.2% after the CEO stepped down. Cadence Design Systems shares fell 2.9% after reporting Q3 results and issuing guidance.

Portfolio Pulse from Lisa Levin

October 24, 2023 | 10:03 am

Barclays Plc is planning to reduce structural costs, which may lead to additional charges in Q4 2023. The bank is targeting a cost: income ratio in the low 60s in 2023, with a medium-term target of below 60%. It also aims for a RoTE of over 10% in 2023, excluding structural costs. Barclays UK's Net Interest Margin is expected to be between 3.05% - 3.10% in 2023. The bank plans to continue operating within the CET1 ratio target range of 13-14% and its capital distribution policy includes a progressive ordinary dividend and share buybacks as appropriate.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 8:13 am

Barclays (NYSE:BCS) reported Q3 earnings of $0.10 per share, a 76.14% decrease YoY. However, total income increased by 13.05% to $7.92 billion from $7.01 billion YoY.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 7:34 am

Financial services stocks are trading lower, potentially due to weak Q3 results from Morgan Stanley and rising Treasury yields.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 4:28 pm

Barclays's (NYSE:BCS) short percent of float has risen 14.29% since its last report, with 2.96 million shares sold short, which is 0.08% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards a particular stock. However, compared to its peers, Barclays has less short interest as a percentage of float, which is 0.90% on average.

Portfolio Pulse from Benzinga Insights

October 13, 2023 | 7:45 pm

Barclays has appointed Geoffrey Belsher as Chairman and Country Chief Executive Officer for Canada, effective from October 16. Belsher, who has over 25 years of investment banking experience, will be based in Toronto and report to Richard Haworth, CEO of the Americas, and Cathal Deasy and Taylor Wright, Global Co-Heads of Investment Banking. Belsher previously worked as Managing Director and Global Co-Head of Wholesale Banking for CIBC in Toronto from 2009 to 2015.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 7:29 pm

Barclays has appointed Michael Del Giudice as Chairman of Financial Sponsors Group. Del Giudice, who has over 30 years of investment banking experience, will be based in New York and report to Jean-Francois Astier, Global Head of Financial Sponsors Group. He was most recently a senior Managing Director in Citi's Global Asset Management group. The appointment is part of Barclays' strategy to expand its footprint and capabilities in the financial sponsors space.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 8:40 pm

Several stocks recorded losses in Thursday's pre-market trading session. Youdao, Inc. (DAO) shares fell 8.1%, E2open Parent Holdings, Inc. (ETWO) shares dipped 4.1% following a downgrade from Redburn Atlantic analyst Alex Haissl, FingerMotion, Inc. (FNGR) shares declined 4.1%, Planet Fitness, Inc. (PLNT) shares fell 3.6%, Barclays PLC (BCS) shares declined 3.5%, Sharecare, Inc. (SHCR) shares tumbled 3.4% after a preliminary non-binding proposal for acquisition, and Akero Therapeutics, Inc. (AKRO) fell 3% following a 36-week analysis of a Phase 2b study.

Portfolio Pulse from Lisa Levin

October 12, 2023 | 9:58 am

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