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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

JPMorgan Chase & Co. has initiated its first collateral settlement using blockchain technology. The bank's Tokenized Collateral Network (TCN) facilitated BlackRock Inc. in converting shares from one of its money market funds into digital tokens. These tokens were then transferred to Barclays Plc as collateral for an over-the-counter derivatives deal. JPMorgan's Onyx Digital Assets network ensures almost immediate collateral movement, in contrast to traditional methods that could take a day. Other financial giants, including Goldman Sachs Group Inc., are also venturing into blockchain and digital assets.

Portfolio Pulse from Murtuza Merchant

October 11, 2023 | 1:01 pm

JPMorgan Chase & Co. has initiated collateral settlement for clients using its Tokenized Collateral Network (TCN), a blockchain-based system. BlackRock Inc. used TCN to convert shares from one of its money market funds into digital tokens, which were then transferred to Barclays PLC for collateral in an over-the-counter derivatives trade. JPMorgan also operates a system called JPM Coin, which facilitates wholesale clients to execute payments denominated in dollars and euros via a blockchain network.

Portfolio Pulse from Nabaparna Bhattacharya

October 11, 2023 | 11:46 am

Bank and financial stocks are trading higher amid overall market strength. This gain is attributed to the drop in Treasury yields due to the Israel-Hamas conflict.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 5:46 pm

Three major banks, Morgan Stanley (NYSE:MS), Barclays (NYSE:BCS), and Bank of America Corp (NYSE:BAC), that backed Elon Musk's acquisition of Twitter, now known as X, are considering protective measures due to potential financial repercussions. They are retaining the debt and considering selling the loans at discounts to hedge funds or other distressed asset buyers. The banks have voiced concerns over the opacity of X's financial data and are hopeful that the new CEO will bring in a CFO for more transparency. There is speculation that Musk could use this situation to his advantage by purchasing a significant chunk of the debt at a discounted rate or persuading the banks to forgive a portion of the loans.

Portfolio Pulse from Bibhu Pattnaik

October 07, 2023 | 9:03 pm

Barclays Plc has initiated layoffs targeting 3% of its global investment banking workforce in an attempt to streamline its franchise after a challenging year.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 2:43 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 signal that investors have become more bearish. 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

September 27, 2023 | 1:15 pm

Barclays' stock is trading higher following an upgrade from Morgan Stanley, which changed its rating from Equal-Weight to Overweight.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2023 | 6:02 pm

Morgan Stanley analyst Alvaro Serrano has upgraded Barclays (NYSE:BCS) from Equal-Weight to Overweight.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2023 | 9:03 am

Major global banks including Goldman Sachs Group, Inc. (GS), HSBC Holdings, Plc (HSBC), Barclays PLC (BCS), and BNP Paribas (BNPQY) are collaborating to develop a unified method of revealing clients' stock positions. The initiative, named Endoxa, aims to enhance transparency, reduce expenses, and mitigate the potential dangers of under-reporting. The banks are working with RegTech expert Droit to optimize their efforts.

Portfolio Pulse from Akanksha Bakshi

September 25, 2023 | 4:18 pm

Barclays PLC CEO has indicated that the Federal Reserve may increase the interest rate once more, suggesting a soft landing approach. This could impact the financial market and Barclays' operations.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2023 | 5:04 pm

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