Barclays Share Discussion Threads

[mbmiah] 05/5/2015 21:11

I see, indeed sir.

[la forge] 05/5/2015 19:59

The last IC recommendation on Barclays PLC shares was Buy at 258.10 on 29 Apr 2015

[portside1] 05/5/2015 16:43

nsno . i am upset by the actions of the scum raping children .
and the non action because of the race card .
it was on the news so just posted my thoughts

back to barc rumours of a fine of over 2.3b to be paid for the criminals working at barcs and still at the bank it stinks . and still more bad news to come

[mrcravat] 05/5/2015 16:27

Filter.........I can never take any KIPPER seriously

[portside1] 05/5/2015 10:28

voting labour will destroy the old pensions will stand still froze while the min wage £320 a week pensions £115 a week .
the old will just have to die . freeze to death because if the min wage goes to £320 aweek prices will go up .

[dope007] 05/5/2015 09:47

Return that cash to all the people robbed by all the rigging Barclays did

[johnwise] 05/5/2015 05:03

Barclays Bank faces multimillion-pound legal challenge over Libor rigging

The Rhino case is understood to be one of the first to allege collusion – or anti-competitive behaviour – in relation to the Libor scandal

[neilrich] 04/5/2015 22:45

I'd imagine a some what more volatile week than usual with the uncertainty over the outcome of the general election.

[diku] 04/5/2015 22:31

smurfy...its already gone towards bonuses...

[bigman786] 04/5/2015 20:43

Should positively effect the SP, or was it expected ? Presume it's assets as in bricks and mortar does anyone know?

[smurfy2001] 04/5/2015 18:33

Return that cash to Barc shareholders now!!!

[mbmiah] 04/5/2015 18:02

The last war?

[portside1] 04/5/2015 14:37

of topic . why does the uk and all other eu countries not ask Germany to pay for the last war

[johnwise] 03/5/2015 07:11

HSBC expected to take new forex charge ahead of new fines

HSBC is expected to set aside hundreds of millions more dollars for foreign-exchange manipulation fines this week, as US authorities close in on a settlement with more than half a dozen banks.

[smurfy2001] 02/5/2015 15:04

Just imagine the share price and dividends if it wasn't for all these fines. If you are patient these stocks could fly as the fines drastically reduce.

--

City
Britain's largest banks have paid 60% of their profits since 2011 in fines and repayments to customers, according to a report by accountants KPMG.
Costs including repayments relating to Payment Protection Insurance (PPI) and so-called interest rate hedging products cost banks £9.9bn last year.
It was a reduction of 8% from 2013, said KPMG.
The accountants analysed the results of Royal Bank of Scotland, Lloyds, HSBC, Barclays and Standard Chartered.
The total in penalties for the last four years was £38.7bn.
Banks have been repaying customers who didn't want, ask for or understand PPI - an insurance against missing loan repayments. Their PPI bill is now £24.4bn, according to consumer group Which?.
Profitability
Nine UK banks have reimbursed business customers to the tune of £1.8bn after selling them complex deals on interest rates they probably did not understand or were likely to cost them more than a regular loan.
Another source of worry for banks will be their return on equity, a profitability measure showing how much money they make for investors, says the report. It is currently below their cost of capital - what investors demand for the risk in investing in banks.
But a stronger capital base after tighter regulations forced them to raise money or keep profits means banks were in a "healthier shape," it said.
HSBC, Royal Bank of Scotland, Swiss bank UBS and US banks JP Morgan Chase, Citibank and Bank of America were all fined a collective £2.6bn by UK and US regulators for their attempts to manipulate foreign exchange rates.

[triktrak] 01/5/2015 16:54

Barclays still a ‘buy’ despite compensation costs

Barclays (BARC) first quarter results were a little light on profit but the bank is ahead on its restructuring plan.

Deutsche Bank analyst Paul Reynolds retained his ‘buy’ recommendation but reduced the target price from 310p to 305p as ‘core profits were 3% light’. The shares were trading at 255.3p yesterday, down 2% since the results were announced.

‘Our core earnings per share estimates are cut 2-4% but the bank’s discount valuation leaves 20% upside potential to our 305p target price with a 2.5% running yield,’ said Reynolds.

The bank reported a statutory profit of £1.3 billion, down 26% on a year ago, as it set aside an extra £800 million to cover potential compensation costs related to alleged foreign exchange rigging.

But Reynolds pointed to restructuring that was progressing ahead of plans.

‘As promised by new chairman John McFarlane, Barclays is becoming better structured to generate free capital for growth and dividends,’ he said.