Barclays Share Discussion Threads

[astol] 04/6/2015 16:01

mrcravat-the trading day is not over yet-good for the longs at least that there was a rally yesterday +3.5p

[smurfy2001] 04/6/2015 15:46

RBS on the other hand.

[mrcravat] 04/6/2015 12:57

Not a bad drop considering the bad news from LLOY and elsewhere

[astol] 04/6/2015 09:21

Barclays Chief Executive Officer Antony Jenkins said he expects a solution to the standoff between Greece and international creditors, which risks ousting the country from the eurozone.
Resolving such crises “often comes at the 11th hour,” Jenkins said in an interview Thursday from Cape Town, adding that the country’s exit would have limited impact on Barclays because it does little business in Greece.
Months of antagonism and missed deadlines have given way to a greater urgency to decide the fate of Greece. Without access to capital markets, the country has to meet four payments totaling more than 1.5 billion euros ($1.7 billion) to the International Monetary Fund in June, while its euro-area-backed bailout also expires this month.
Another round of top-level talks failed to resolve the standoff between Greece and its creditors as Prime Minister Alexis Tsipras Thursday rejected proposals that would unlock bailout funds necessary to avert a default.

[astol] 04/6/2015 09:14

One thing we can all agree on is that the markets are very volatile at the moment-great for traders if you can get it right

[astol] 04/6/2015 09:07

Dr Biotech-Jenkins did advise that they have little exposure to the potential Grexit-though the dip on the banks so far today is Greek jitters.

[dr biotech] 04/6/2015 08:57

I didn't hear the bit about FIFA - they talked about culture change and the interviewer asked about an investigation into manipulation of the Rand and whether Barclays was the whistleblower (no comment).

[astol] 04/6/2015 08:48

Dr Biotech-and that they, Barc, will help with any FIFA investigations but are not culpable-as I understood it

[dr biotech] 04/6/2015 08:01

AJ on Bloomberg this morning. Said a strong Q1 likely to be continued through the year. Sounded moderately optimistic.

[blackberry122] 04/6/2015 07:25

this is the key line for me

No wonder Lloyds trades at 1.5 times book value per share, while Barclays still trades at a discount.

and the opportunity that McFarlane will see. If he can fine tune the bank then there is a 50% uplift potential on the current sp, which he will want to deliver on.

[philo124] 03/6/2015 22:03

Nice indeed. Missed that.

[davew28] 03/6/2015 21:35

Banking: Jenkins’ critical year at Barclays The Barclays CEO is stuck between a rock and a hard place in trying to reposition the bank. He may be running out of time to extricate himself.

Antony Jenkins’ report card one year on from the big restructuring announcement last May when he cut the investment banking division that had previously accounted for over 50% of Barclays allocated equity, balance sheet and risk weighted assets to just 30% of the group is mixed. The good news is that return on equity at the investment bank picked up from a poor 2.7% in 2014, following a disappointing 5.8% in 2013, to a much improved 9.1% reported for the first quarter of 2015. Benign conditions – with just the right amount of volatility in macro rates and FX – helped the markets businesses to earn a better return on ever higher amounts of capital. Barclays is doing a decent job so far pivoting its investment banking business model from the days when its old FICC division threatened to become a global leader. Barclays has slashed that division, trying to build instead on origination in debt and equity capital markets and M&A, helped by a boom in all three. In the global investment banking fee league tables for the first quarter of this year, Barclays ranked sixth. All five firms above it are American. Barclays is the leading European investment bank, thanks in large part to having a much bigger slice of the largest single fee pool in the US through the old Lehman business. Deutsche, its biggest European rival, is now struggling in Barclays’ wake, having only just announced large cuts to investment banking RWAs last month and re-allocation of capital to global transaction banking.
But there are less flattering comparisons for Barclays. Lloyds came out of the financial crisis in much worse shape than Barclays, having required a tax-payer bailout and come close to collapse as it struggled to roll over short-dated wholesale market liabilities funding long-dated illiquid assets. Yet today, thanks to disposals that have left it focused solely on UK retail and commercial banking and to much improved management, Lloyds has left Barclays far behind. In the first quarter it reported a 16% return on equity on a much higher common equity tier 1 ratio of 13.4% and a much more conservative leverage ratio of 5%. Lloyds, the market leader in UK retail with a 48% cost/income ratio, has the resources to attack Barclays where it is strong, for example in Barclaycard, unconcerned by continuing regulatory hostility towards investment banking and ever rising capital demands. No wonder Lloyds trades at 1.5 times book value per share, while Barclays still trades at a discount. Barclays continues to trade at discount largely because of the investment bank, which produces returns below its cost of equity, has been a big contributor to the non-core book of assets now in run off which is a further drag on returns and because of continuing litigation costs, most recently in settlements and a felony guilty plea over forex market rigging. Jenkins must wish that he could simply have exited the business, sold it off or floated it at some point in the past three years. But that is not a realistic option now, if it ever was. He must manage it down, while shareholders and a new executive chairman in John McFarlane – whose letter to shareholders in May was really a memo to Jenkins – drum their fingers impatiently. McFarlane has told investors that he will put in place plans to improve businesses earning below target returns or "curtail" them. Jenkins, a brilliant retail banker, who turned around Barclaycard in three years from a laggard to a driver of group earnings, may not be given three years to do the same at the investment bank. The smart money around the City of London is that he has nine months to a year to make it happen.

Full article: hxxp://www.euromoney.com/Article/3459093/Banking-Jenkins-critical-year-at-Barclays.html?copyrightInfo=true

[mbmiah] 03/6/2015 17:52

Nice action today

[diku] 03/6/2015 09:31

Now Barc down with FTSE....AT games at play...

[astol] 03/6/2015 08:47

blackberry122-Not today so far FTSE down Barc up-that's good

[blackberry122] 03/6/2015 06:42

over the last year/6 months/3 months/1 month Barc has outperformed the ftse. catching up on previous years when it has significantly underperformed

[druid2] 02/6/2015 16:14

BARC still moving in line with FTSE.

[astol] 02/6/2015 11:08

well well come earlier than expected nice bounce back to a +++++++ sp

[astol] 02/6/2015 09:47

Oh well the bounce up I thought would happen is a bounce down.Looks like some small market correction worth buying on the dips.

[astol] 02/6/2015 09:17

PARIS--Talks between Greece and its creditors are making progress but it still needs effort on both side to reach a deal, the European Union's economics commissioner Pierre Moscovici, said on French radio on Tuesday.

There are negotiations currently under way between the European institutions, the International Monetary Fund and the Greek government, Mr. Moscovici said.

"These discussions are beginning to bear fruit, I think that there is real progress, a better understanding between the Greek government and its creditors," he said.

"There are solid foundations for progress to be made, but we're not there yet," he said.

Late on Monday, Greece's international creditors were preparing the final text of a bailout deal to present to the Athens government, detailing economic overhauls that the country needs to implement to unlock bailout financing.

Greece is facing a EUR300 million ($327 million) payment to the International Monetary Fund on Friday, but concerns have arisen that the government won't make the payment unless it receives more aid from international lenders.

Athens is still struggling to agree on a reform program with its creditors; such an agreement is a prerequisite for receiving the next tranche of bailout money.

Mr. Moscovici dismissed worries about Friday's deadline, saying that Greece has always honored its commitments toward the IMF. He added that this is not the first time there have been concerns over Athens' ability to meet a payment.

The country is believed to have enough cash left to repay the EUR300 million due on Friday, but probably won't have enough to cover three further repayments due in mid-June.

"It's true that time is short. In the few weeks that we have left, we must find a solution," Mr. Moscovici said.

"I think we're on the way to doing so, but there are still efforts to be made on both sides to get there," he added.

[keifer derrin] 02/6/2015 07:44

The UK’s financial system remains at risk of upheaval despite the regulatory changes undertaken since the 2008 banking crisis, according to a thinktank.

[diku] 01/6/2015 22:52

Me thinks probably a temporary Greece exit....sort out the finances and then re enter...