Barclays Share Discussion Threads

[portside1] 27/10/2016 08:46

poor speech by a poor ceo

[dr biotech] 27/10/2016 07:56

Deutsche bank also surprised with a profit today, may also lift some of the systemic worries about the banking system.

[druid2] 27/10/2016 07:35

Our strategy is on track with good progress year to date



* Core returns: * Core business performed well, with a 4% growth in
profit before tax to GBP4,898m delivering a Core
return on tangible equity (RoTE) excluding notable
items(1) of 10.7%
------------------------------------------------------- -------------------------------------------------------------

* Non-Core rundown: * Remain on track to close Non-Core in 2017 with strong
progress on business disposals


* GBP10bn reduction in RWAs to GBP44bn, despite adverse
Foreign Exchange (FX) movements


* Completed sale of the Barclays Risk Analytics and
Index Solutions Ltd. business in Q316, resulting in a
pre-tax gain of GBP535m
------------------------------------------------------- -------------------------------------------------------------

* Common Equity Tier 1 (CET1) ratio: * CET1 ratio of 11.6% with strong organic capital
growth offset by headwinds from the UK Retirement
Fund (UKRF) defined benefit pension deficit and
GBP1,000m of provisions for UK customer redress in
the nine months to September 2016


* On track to meet end-state capital requirements
------------------------------------------------------- -------------------------------------------------------------

* Core costs: * On track to meet the GBP12.8bn 2016 Core cost
guidance(2) adjusted for FX. Based on an average
USD/GBP exchange rate of 1.30 for H216 this equates
to GBP13.0bn


* We are reducing the real estate footprint resulting
in restructuring costs in Barclays International of
GBP150m in Q316 with a structurally lower cost base
going forward
------------------------------------------------------- -------------------------------------------------------------

* Barclays Africa Group Limited (BAGL) sell down: * First sale of 12.2% stake completed in May 2016,
resulting in a c.10bps benefit to the CET1 ratio


* Remain on track to achieve regulatory deconsolidation
within 2 to 3 years
------------------------------------------------------- -------------------------------------------------------------

* Holding Company (HoldCo) transition: * Progressed the HoldCo transition with GBP10.9bn
equivalent of issuance and GBP7.4bn equivalent of
Operating Company (OpCo) capital and debt bought back
or redeemed


* Q316 included the redemption of $750m USD preference
shares, the second such redemption in 2016, and a
GBP0.6bn equivalent liability management exercise
------------------------------------------------------- ----

[manics] 27/10/2016 07:11

Barclays reports pretax profit of £837 million, beating estimates; takes £600 million hit for PPI mis-selling

[manics] 27/10/2016 06:46

Barclays Bank ‏@Barclays 16m16 minutes ago
Tune in for #Barclays CEO Jes Staley on @BloombergTV at 07.05am

[nicksoj] 27/10/2016 06:22

Agreed portside. 200 p will be secured.

[bernie37] 26/10/2016 15:44

Just bought 27447

[portside1] 26/10/2016 13:43

GOOD NEWS AT 7AM TOMORROW OVER 200P

[informant100] 26/10/2016 13:40

Hence pound rebounding today

[informant100] 26/10/2016 13:40

Carney hints at end of QE and rate rise. Good man.

hxxp://www.msn.com/en-gb/money/news/carney-sends-pound-rebounding-as-he-says-markets-mistaken-to-be-so-gloomy-on-article-50/ar-AAjo3U2?li=BBoPOOl

[dr biotech] 26/10/2016 10:22

Not saying that immigration is nor a problem, but I doubt leaving the EU is going to make a huge deal of difference given that half is non EU anyway. Have to wait and see how it turns out.

[manics] 26/10/2016 08:09

Showing resilience on LLOY.

[terminated] 26/10/2016 07:57

My brothers wages have been cut 25% over the last few years because Bulgarians come over sleep in a cheap room, do the job for so much less and them send the money home to pay for a £15000 mortgage. He's a humble delivery driver and they are not filling a skills gap just devaluing people pay. House price are also at breaking point. It's all about quality if life and anyone who thinks open door immigration is not detremenral is simply naive.

[johnwise] 26/10/2016 05:55

More than half of Britons say tackling immigration is more important than staying the single market

Every little helps eh!

[alphorn] 25/10/2016 22:15

DrB - mirrors very closely my views too.

I think Barclays will come right over time. I hope that it is not on the wrong side of any forex positions (somebody will be) which I suppose is a risk with their span of operations.

[dr biotech] 25/10/2016 22:07

I voted remain, wasn't 100% as I was concerned with the lack of accountability and democracy...agree that the vote has to be respected (though when farage thought he lost he didn't respect it). Just want what is best for us, means not throwing a childish tantrum about not dealing with the EU...separates adults from children. Unfortunately I am not sure there are enough pragmatists about.

Fingers crossed for the results here.

[alphorn] 25/10/2016 21:43

DrB - some sense at last - I thought that I was a monority of one with those views.

[dr biotech] 25/10/2016 21:33

Brexit has caused the value of sterling to crash. To deny it would be the act of a moron. QE & low rates haven't helped, but all these also apply to the euro/dollar/yen etc that haven't crashed.

We have a govt with no idea what brexit is, and no chance of a deal within a timeframe that will work for me. I'm in my 40s.

[informant100] 25/10/2016 19:12

Let's blame Carney for everything. Notice when the vote was announced the pound went lower. Then when May was talking about a hard Brexit the pound tumbled further.

If we start increasing our interest rates, we will end up in deflation like Japan. Japan is an example of our future. Well apart from we can't produce LCDs, Computer components and robots.

Arm has gone to Japan.

[johnwise] 25/10/2016 18:23

Cobbler,
"Mark Carney policies are destroying the value of sterling. Ridiculously low interest rates, massive QE, forward planning has put too much downward pressure on the pound. Don't blame Brexit blame Carney's catastrophic monetary policy".


Mark Carney warns political meddling with the Bank of England could spark fresh falls in the Pound as he hints he could QUIT in 2018

[clond] 25/10/2016 15:27

That good DB - move target to the current price.

[johnwise] 25/10/2016 14:48

Deutsche Bank lifts target price for Barclays ahead of quarterly results

[informant100] 25/10/2016 13:22

Porty is in cuckoo land. When he takes his medication, hopefully he will be cured. But he is still a danger on the WWW.