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BARC Barclays Plc

176.52
-0.40 (-0.23%)
18 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Barclays Plc LSE:BARC London Ordinary Share GB0031348658 ORD 25P
  Price Change % Change Share Price Shares Traded Last Trade
  -0.40 -0.23% 176.52 43,582,821 16:29:59
Bid Price Offer Price High Price Low Price Open Price
176.46 176.52 177.50 175.70 176.62
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Commercial Banks, Nec 25.38B 5.26B 0.3470 5.09 26.75B
Last Trade Time Trade Type Trade Size Trade Price Currency
17:44:37 O 57,805 176.527 GBX

Barclays (BARC) Latest News (23)

Barclays (BARC) Discussions and Chat

Barclays Forums and Chat

Date Time Title Posts
18/3/202422:13ACTIVE BARCLAYS TRADERS CLUB146,578
18/3/202418:39ACTIVE BARCLAYS TRADERS CLUB (moderated)27,828
15/3/202410:48Barclays Bank PLC, chat and charts195
14/3/202419:24BARC Charts253
16/2/202416:57Book asset value v share price 321

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Barclays (BARC) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-03-18 17:44:38176.5357,805102,041.43O
2024-03-18 17:44:38176.5220,30235,837.09O
2024-03-18 17:44:38176.50151,376267,178.64O
2024-03-18 17:44:38176.5490,486159,739.46O
2024-03-18 17:39:52176.642544.16O

Barclays (BARC) Top Chat Posts

Top Posts
Posted at 18/3/2024 08:20 by Barclays Daily Update
Barclays Plc is listed in the Commercial Banks, Nec sector of the London Stock Exchange with ticker BARC. The last closing price for Barclays was 176.92p.
Barclays currently has 15,154,554,000 shares in issue. The market capitalisation of Barclays is £26,750,818,721.
Barclays has a price to earnings ratio (PE ratio) of 5.09.
This morning BARC shares opened at 176.62p
Posted at 18/3/2024 17:30 by bernie37
Bloomberg) -- Barclays Plc is seeking to expand its relationships with sovereign wealth funds and private equity giants as part of its efforts to improve the profitability of its investment banking division by expanding in advisory and equity underwriting.

Those firms — which are sitting on trillions of dollars of dry powder for deals — are the kind of key clients Barclays is hoping to secure as it looks to move beyond the debt underwriting for large, multinational corporations that it’s long been known for, Chief Executive Officer C.S. Venkatakrishnan said in an interview with Bloomberg Television. The bank already has the talent it needs to accomplish that shift, he said.

“We still work with corporations in a very big way, but, in addition to that, you’ve got the financial sponsors and the sovereign wealth funds,” Venkatakrishnan said. “The growth of concentrated pools of capital makes it important to have that full relationship with those players in the market.”

Barclays and its rivals are betting that sovereign wealth funds will continue to deploy billions of dollars to get private equity takeovers across the line amid a broader dearth in deals by corporations. Sovereign wealth funds spent a record $17.2 billion on such co-investments in the first half of last year, which was up 24% from the same period in 2022, Bloomberg has previously reported.

Read more: Private Equity Titans Tap Sovereign Wealth to Get Deals Done

Barclays shares have struggled in recent years and the bank has long faced questions about the viability of its investment bank because of the amount of capital it consumes relative to other, higher-returning parts of Barclays’s business.

But Venkatakrishnan has said that is because it has a larger footprint in debt capital markets relative to peers. That is why he’s now focused on expanding in merger advisory and stock underwriting.

“When you move into advisory fees you start getting a better return on your capital — I think it is an important part of the shift,” he said on Monday. “Our job is to, having created the plan, is to execute it and the share price hopefully will follow.”

Barclays last month announced it would go on a £2 billion ($2.55 billion) cost-cutting drive and reorganize its reporting structure in order to boost profits. The bank vowed to return at least £10 billion to shareholders in the coming years, while it boosts revenue to £30 billion.

Shares of Barclays have surged 9.3% since it unveiled those plans on Feb. 20, making it one of the best performers in the FTSE 100 Index.

As part of the changes, Venkatakrishnan also shuffled his top managers. Adeel Khan was appointed sole head of the global markets division, while his former co-head Stephen Dainton became president of Barclays Bank Plc and head of investment bank management. Cathal Deasy and Taylor Wright are continuing in their current roles as co-heads of banking.
Vim Maru is the new CEO of Barclays UK, while Matt Hammerstein, the previous holder of that role, is now leading the UK corporate bank. Sasha Wiggins is leading the private bank and wealth management division.

Loan Growth

The bank also said last month that it sees risk-weighted assets climbing by £50 billion in the coming years. The company is planning to allocate £30 billion of that to its UK-focused businesses, which include a consumer bank, a corporate bank and a private bank and wealth management division. The remaining £20 billion will be allocated to the US consumer bank.

Part of that is tied to the company’s confidence in the health of the UK and US economies even as the company has seen delinquencies among its consumer customers tick up slightly in recent months, Venkatakrishnan said on Monday.

“The economy is stabilizing, it looks like on both sides of the Atlantic you’re having a softish landing,” he said. “Generally, we are constructive towards lending.”
Posted at 13/3/2024 16:28 by bernie37
Qube Research & Technologies, the London-based quant hedge fund firm spun out of Credit Suisse in 2018, has built the largest ever short position against Barclays, representing 0.73% of the bank’s stock, according to a report by The Times.

Qube’s short wager comes despite a recent uptick in the bank’s stock price after Chief Executive CS Venkatakrishnan unveiled a turnaround plan aimed at reviving the lender’s fortunes, and suggests that Qube, or its algorithms, believe the rally will be temporary.

Venkatakrishnan, who has been under pressure to boost Barclays’s stock market valuation to bring it more inline with its European and US peers, pledged on 20 February to return at least £10bn to shareholders over three years, cut costs and lift annual revenues to £30bn by 2026.

Shares have since surged by 20% to 177.5p, the stock’s highest level in a year.

The report cites regulatory fillings as revealing that Qube has been increasing its short wager against Barclays during the course of the share price rally, after reaching the 0.5% threshold that triggers disclosure of short bets to City watchdog, the Financial Conduct Authority (FCA), on 27 February.

The report also quotes a Qube spokesman in saying that the company’s trading did not reflect a “fundamental view on any individual name” and that the firm had “no specific view on Barclays”.
Posted at 13/3/2024 09:49 by johnwise
A top hedge fund has amassed a bet worth almost £200 million against shares in Barclays despite a recent rally in the bank’s stock price on hopes that the chief executive CS Venkatakrishnan will revive the lender’s fortunes.

The short position built by Qube Research & Technologies equates to 0.73 per cent of Barclays’s issued share capital and is the biggest ever disclosed against the bank. It suggests that Qube believes the share price rise, fuelled by a turnaround plan set out by the Barclays boss last month, will run out of steam. – The Times



UK mortgages in arrears soared to the highest level since the final quarter of 2023, fuelled in part by higher mortgage rates, the Bank of England said.
Posted at 28/2/2024 09:46 by prbshares
Reidy,xong,zaxa : imo fwiw, interesting dynamics with Barc share price presently :

+'s
1. 50dma has risen through the 200dma on the chart
2. The buy back looks like it may be ramped up after divi paid...?
3. General trend post Venkats announcement seems positive
4. Gap to be filled 176-185p
5. Broker upgrades all round (for what thats worth)
6. Seemingly considerably undervalued business based on asset value

-'s
1. Gap left behind us (post announcement) but seems quite a way off now ?
2. Still some litigation rumblings in the back ground
3. Possible correction in the market coming .... or not ?

Thoughts on the above ?

I bought a few more this morning ....
Posted at 26/2/2024 15:20 by bernie37
Barclays PLC (LON:BARC) will increase its dividend on the 3rd of April to £0.053, which is 6.0% higher than last year's payment from the same period of £0.05. Although the dividend is now higher, the yield is only 4.9%, which is below the industry average.

See our latest analysis for Barclays

Barclays' Earnings Will Easily Cover The Distributions

The dividend yield is a little bit low, but sustainability of the payments is also an important part of evaluating an income stock.

Having distributed dividends for at least 10 years, Barclays has a long history of paying out a part of its earnings to shareholders. Past distributions do not necessarily guarantee future ones, but Barclays' payout ratio of 29% is a good sign as this means that earnings decently cover dividends.

Over the next 3 years, EPS is forecast to expand by 47.1%. The future payout ratio could be 29% over that time period, according to analyst estimates, which is a good look for the future of the dividend.

Dividend Volatility

While the company has been paying a dividend for a long time, it has cut the dividend at least once in the last 10 years. The annual payment during the last 10 years was £0.065 in 2014, and the most recent fiscal year payment was £0.08. This works out to be a compound annual growth rate (CAGR) of approximately 2.1% a year over that time. The dividend has seen some fluctuations in the past, so even though the dividend was raised this year, we should remember that it has been cut in the past.

The Dividend Looks Likely To Grow

With a relatively unstable dividend, it's even more important to see if earnings per share is growing. Barclays has impressed us by growing EPS at 25% per year over the past five years. Earnings have been growing rapidly, and with a low payout ratio we think that the company could turn out to be a great dividend stock.

Barclays Looks Like A Great Dividend Stock

Overall, we think this could be an attractive income stock, and it is only getting better by paying a higher dividend this year. Earnings are easily covering distributions, and the company is generating plenty of cash. Taking this all into consideration, this looks like it could be a good dividend opportunity.
Posted at 26/2/2024 09:26 by bernie37
Activist investor Jeremy Hosking has questioned what he sees as a ‘15-year share price undervaluation’; of Barclays, following the bank’s results today.

The lender implemented a £2bn cost-cutting drive on Tuesday, alongside plans to return £12bn to shareholders over the next three years.

However, the Hosking Partners founder, who is a long-term shareholder in the bank, suggested shareholders had been given a raw deal.

‘The 60% discount to tangible book value either demands surgical action or an acknowledgement that Barclays has massively overstated its shareholders’ funds via dodgy accounting,’ Hosking asked. ‘Which is it to be?

‘Shareholders would benefit from a drastic shrinkage of Barclays’ consolidated balance sheet, the consequential creation of excess capital, and the return of that excess to shareholders via sustained buybacks.’

Barclays’ stock has traded sideways for five years and remains well below its pre-global financial crisis peak of 756p, putting chief executive CS Venkatakrishnan under pressure. Shares in the business were up 5.7% to 158p on Tuesday at 12.15pm.

As part of the shake-up of the firm, £12bn is set to be returned to shareholders via dividends and buybacks over the next three years.

Much of the aforementioned £2bn cost-cutting drive will be in the corporate and investment bank, with £0.7bn of cuts earmarked in this area.

Hosking has been particularly scathing of investment banking, although he does not believe that eradicating this unit would be a silver bullet.

‘Shorn of the investment bank, Barclays would probably carry the valuation afforded Lloyds or Natwest, which would hardly be a case for shareholder rejoicing,’ he said.

‘Shareholders should vote against the re-election of Barclays’ directors until a coherent way forward is in place and agreed with investors. This business-as-usual circus has gone on for too long.’
Posted at 09/2/2024 20:35 by bernie37
Barclays serves up goose eggs to investment bankers in a brutal bonus round

Barclays Plc is planning to hand dozens of investment bankers no bonus as the slowdown in dealmaking forces it to cut payouts for a larger-than-usual group of its lowest performers.

Executives are also planning to shrink the firmwide bonus pool amid a persistent slump in dealmaking and capital markets activity, according to people familiar with the matter. Junior bankers largely won’t be impacted by the moves and top dealmakers might still see an increase of as much as 10%, the people said, asking not to be identified discussing personnel information.
A Barclays spokesperson declined to comment.
The brutal bonus round comes at a precarious time for Barclays’s investment bank. In the coming weeks, Chief Executive Officer C.S. Venkatakrishnan is planning to unveil a series of new financial targets for the British bank, which has seen its stock price lag rivals. The firm’s investment bank — and how much capital it consumes relative to other parts of the lender — is expected to be in focus at the investor event.
For most banks, giving staffers no bonus at all — a process known as getting “zeroed out” or receiving a “goose egg,” a “doughnut̶1; or a “bagel” — is done sparingly and is typically done if a company wants to speed up attrition among its lowest performers.
But Barclays has had to turn to the practice for large swaths of its investment bankers just as executives have spent months trying to recover from a period of higher-than-usual attrition last year, which saw dozens of bankers depart for rivals. Those moves came after the lender appointed Cathal Deasy and Taylor Wright to run the investment bank.
After those departures, Deasy and Wright were forced to go on a charm offensive to retain and recruit bankers for key industries by offering guaranteed bonuses and paying more to those who threatened to leave, according to the people familiar with the matter.

The company ultimately recruited dozens of managing directors and directors across the banking division. But those moves further depleted the bonus pool this year, frustrating bankers who stayed, the people said. Executives now fear it may trigger another wave of departures just as capital markets are poised to bounce back, they said.
Revenue Slump
Barclays isn’t alone in slashing its bonus compensation for bankers as merger-and-acquisition activity remained muted for much of the year in 2023. On average, merger advisers are expected to see their payouts for 2023 slide as much as 25%, according to the compensation consultant Johnson Associates Inc.
That’s because bankers are paid on an “eat what you kill” model. At Barclays, dealmaking and underwriting businesses are expected to bring in just £1.86 billion ($2.34 billion) for the year, according to analyst estimates compiled by Bloomberg. That would mark a 16% drop from a year earlier and it’s roughly half of what they brought in for 2021.
“It’s been similar to what we experienced in Q2 and Q3 — not quite enough volatility for markets, but a little too much for banking,” Marina Shchukina, head of investor relations, said of the firm’s fourth-quarter results at an event in January. “We hope the recovery will be forthcoming in 2024.”
Even so, the decision to once again curtail compensation comes after Barclays bankers experienced a similarly dismal season for bonuses just last year, when the bank considered cutting bonus pools for their investment bankers by as much as 40%.
In 2022, Barclays ultimately said it granted £1.79 billion in total incentive compensation, which was an 8% decline from the £1.95 billion it offered a year earlier. That figure includes bonuses for traders and other parts of the firm.
Legions of Wall Street staffers rely on their annual bonuses because they are typically many multiples of their annual salary and can stretch into millions of dollars. Bankers and traders spend months counting on their bonuses to pay for tony private schools and club memberships.
The size of Barclays’s investment bank has long been a source of debate among investors because it consumes large amounts of capital compared with other, higher-returning parts of the bank’s business. Venkatakrishnan has said Barclays will likely have to grow other divisions such as retail banking in order to shrink the investment banking unit’s share of the firm’s overall business and boost its share price. On Friday, Barclays announced it will acquire much of Tesco Plc’s banking business in a move that will give it £4.2 billion of credit-card receivables and £6.7 billion in customer deposits.
Posted at 25/1/2024 22:10 by diku
Post 26213...so why is Barc cottoning onto investment bank...during good times share price struggles...weak times share price struggles...nothing works blame it on Brexit...didn't Bob the builder recently say Barc should consider disposing investment bank?...
Posted at 19/1/2024 16:02 by ball deap
The internal structure of Barc is being transformed into an "elephant in the room" situation, as well as their outsourcing ideas. I guarantee that following this BS structure it will rip Barc share price
Posted at 08/1/2024 07:41 by johnwise
Bob Diamond says Barclays should be ‘radical’ on investment bank amid calls to ditch division


Former Barclays chief executive Bob Diamond has called on the lender to be “radical” with its investment bank by either putting more money into the business or selling it.

Many investors have urged Barclays to ditch its global investment bank, which is relatively small compared to the dominant Wall Street firms, and focus more on retail operations.

“They need to be radical – either invest in it or exit,” Diamond told news and data service GlobalCapital.

The investment arm includes part of Lehman Brothers, which Diamond snapped up when it collapsed during the financial crisis.

Although current chief CS Venkatakrishnan has promised to retain the investment arm, Barclays was reported in November to have been exploring a plan to drop thousands of clients.

Venkatakrishnan is due to provide an investor update in February, which will reveal more details about a major cost-cutting strategy, which could reportedly involve as many as 2,000 layoffs.

Some 1,350 roles were already put on the chopping block in 2023, according to employee trade union Unite.

Diamond added that Britain’s banks had generally “become smaller, less productive, with lower returns, and they pay less tax” under harsh government regulation.

He revealed that his private equity firm, Atlas Merchant Capital (AMC), had offered to take the troubled high street lender Metro Bank private in 2020 but was turned down.

AMC instead took a stake in Metro’s bonds and voted on its latest refinancing package, which is designed to shore up the bank’s weak balance sheet.

Barclays shares fell last month after Qatar’s sovereign wealth fund, the bank’s second largest shareholder, cut its stake in the bank by half.

The bank’s share price has halved since the Qatar Investment Authority first took a £4bn stake in 2008.
Barclays share price data is direct from the London Stock Exchange

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