Barclays Share Discussion Threads

[diku] 28/4/2017 22:16

RBS catching up Barc on market cap...

[spoole5] 28/4/2017 22:03

Stayley is a lame duck.

[dr biotech] 28/4/2017 20:13

ADRs are dropping even further stateside. The IB is still underperforming after how many years now? 8? Something needs to be done to turn it around.

[johnwise] 28/4/2017 19:27

Sterling storms ahead of G3 currencies as rumours of Euro shorts grow

POUND Sterling is raising the bar having jumped 1.4 per cent this week amid the start of Brexit talks and concerns the European Union is planning to kill competition by taking over Capital Markets.

[johnwise] 28/4/2017 19:24

Brussels uproar as Juncker declares banking war on Spain, Croatia, Cyprus AND Portugal

JEAN-Claude Juncker has declared war on Spain, Croatia, Cyprus and Portugal over their reluctance to introduce legislation governing mortgages.

Commission chiefs are attempting to grab control of mortgages so other states like Germany can step into provide debt.

[luisfrg] 28/4/2017 17:27

Very strange day....

Barclays current p/e is 17 times vs RBS which is 46 times yet Barclays dives and RBS flies....ridiculous

[smurfy2001] 28/4/2017 17:09

Well RBS is from a low basis though...

[bothdavis] 28/4/2017 16:27

Makes me chuckle and quite bewildered really!?

BBC Business website :- RBS makes first quarerly profit since 2015, Barclays Profits Double........markets react in completely random way to two differing sets of results!!!

[clond] 28/4/2017 16:18

Read somewhere that markets are spooked that a cap in hand for cash equity might yet be required as full confidence isn't there. Seems odd as these numbers stacking up quarterly if repeated dwars what we are seeing at rbs but it seems my view is in the minority. How low this can go now with the may sell off makes you think it is on the way out.

[portside1] 28/4/2017 15:26

in feb results it stated that barcs would have sorted it all by end june they have now done that and div to go up next year , which he said two years and all sorted

[bernie37] 28/4/2017 15:22

Barclays’ diversified business model and sound financial position to consistently support its overall growth in the future. Further, the bank’s expense reduction and restructuring initiatives are expected to improve profitability over the long term. However, tepid global economic recovery and a stringent regulatory landscape will continue to weigh on the company’s near-term performance.

[portside1] 28/4/2017 15:19

holders have forgotten the div was cut to pay for the Africa payment and we all were aware of the cost , its now done so that's now out of the way

[bernie37] 28/4/2017 15:15

Jes Staley’s strategy of shedding assets to focus on a transatlantic investment banking and consumer business should be working perfectly this year. Most Wall Street debt-trading desks are doing brisk business.Unfortunately, that doesn't appear to be the case. On Friday, Barclays Plc's first-quarter results caused the biggest one-day fall in its shares since the end of June. It’s a useful reminder to CEO Staley that competition is getting harder, rivals are bolstering defenses and shareholders will punish any sign that they can't rely on you.MARKETS REVENUE FELL4%At first blush, the British lender's numbers don't look too shabby. Group revenue rose 16 percent and pretax profit more than doubled. But one-offs clouded the picture, with gains from asset sales totaling 266 million pounds ($344 million) in the bank’s international arm, according to Shore analysts. Meanwhile, a goodwill writedown on Barclays’ Africa unit -- which is being sold down -- cut attributable profit in half.Worse, the bit of the business that should be firing on all cylinders, fixed-income trading, seems to be sputtering. Markets revenue fell 4 percent, with an uneven performance across debt, foreign exchange and equities. Barclays’ claims of tough comparisons with a strong quarter last year don't entirely wash. A Bernstein analysis of quarter-on-quarter performance, rather than year-on-year, shows Barclays traders and investment bankers delivering below-average revenue growth compared with Wall Street and even some Europeans.
Behind the Pack
How Barclays investment bank revenue growth compares with rivals

Source: Bernstein Research
Note: Change is compared to Q1 2017
This matters. UBS Group AG, which also had a pretty disappointing quarter in trading, can just about get away with it. The Swiss bank has been switching focus to other businesses such as wealth management, while it has delivered steady dividends and maintained a healthy balance sheet.Barclays doesn't have that luxury. It's still restructuring and selling assets, so investors have been pinning their hopes -- perhaps too firmly -- on buoyant financial markets and a recovery in trading. Without that improvement, Staley may have to find more cuts, says Bloomberg Intelligence’s Jonathan Tyce.The CEO's personal capital is crucial here too. His credibility suffered earlier this year after it emerged that he'd tried to unmask a whistle-blower. He says he has the board’s support. But, with a proxy advisor calling on shareholders to abstain from voting for Staley at this year’s annual meeting, and with regulatory probes ongoing into his conduct, there's still a cloud. One sure-fire way to get investors in your corner is to deliver. The first quarter trading performance won't have won too many friends.It’s not all bad news, of course. Barclays is still keeping a grip on expenses while lifting revenue overall. It's on track to close a stack of its unwanted assets by June. Last year’s Brexit referendum hasn't yet dealt a big blow to the U.K. economy. Fee income was better than expected.But with a lowish capital ratio of 12.5 percent and a relatively leisurely approach to building it up, Barclays is walking a “tightropeR21; that would be shaken by any economic slowdown in Britain’s or snags in selling the Africa unit, according to Bernstein analysts. "All the color I’m getting from shareholders is quite positive,” Staley said on Friday. The red on the FTSE 100 board suggests he shouldn't take that for granted.This column does not necessarily reflect the opinion of Bloomberg LP and its owners.To contact the author of this story:
Lionel Laurent in London at [e-mail] contact the editor responsible for this story:
James Boxell at [e-mail]

[clond] 28/4/2017 13:00

Not really - merger with a 1 for 1 offering with rbs could quad barc debt and double the share 🙄

[luisfrg] 28/4/2017 12:32

Rubbish, no way should Barclays be trading at a 50p difference to Rbs ....now there's a dog with fleas

[gotnorolex] 28/4/2017 12:30

A buying program!

[diku] 28/4/2017 12:17

Is there no treatment for fleas!...

[spoole5] 28/4/2017 12:03

As gorden gekko would say, this is a dog with fleas!!

[luisfrg] 28/4/2017 11:20

Jes on Bloomberg very positive, this will be a short term blip in share price , added again to my holding , rare buying opp in imho

[portside1] 28/4/2017 10:49

A secret recording that implicates the Bank of England in Libor rigging has been uncovered by BBC Panorama.
The 2008 recording adds to evidence the central bank repeatedly pressured commercial banks during the financial crisis to push their Libor rates down.
Libor is the rate at which banks lend to each other, setting a benchmark for mortgages and loans for ordinary customers.
The Bank of England said Libor was not regulated in the UK at the time.
The recording calls into question evidence given in 2012 to the Treasury select committee by former Barclays boss Bob Diamond and Paul Tucker, the man who went on to become the deputy governor of the Bank of England.

[luisfrg] 28/4/2017 10:45

This is way oversold on results....doesn't deserve to Down 5% imho....topped up

[portside1] 28/4/2017 10:37

just put some cash in my account again only 17k will add next Tuesday