Barclays Share Discussion Threads

[catsick] 23/2/2017 07:07

So 750m to extricate from africa leaving 3.2 bn profit, all in line I guess,

[petrusgazin] 23/2/2017 07:03

Excellent results !

[sue999] 22/2/2017 21:07

£4b perfect

[mondaytuesday] 22/2/2017 20:46

Barclays is expected to report annual pre-tax profits, excluding notable items, of almost £4bn when it presents its results on Thursday — down from £5.4bn the previous year — according to consensus analyst estimates.

ft

[mondaytuesday] 22/2/2017 20:43

Barclays seals divorce agreement with African subsidiary

Deal will set out terms of split with BAGL and could cost British bank £1bn

[zagros] 22/2/2017 15:49

preview on Barclays earnings release tomorrow:



BARCLAYS

All eyes will be on Barclays Plc’s investment bank when it announces fourth-quarter results on Thursday, as investors look to see if Chief Executive Officer Jes Staley’s pledge to keep the securities unit is paying off.



It has so far. The division helped drive performance in the previous quarter, when Barclays reported the highest revenue from fixed-income trading in more than two years. The five biggest U.S. investment banks, which have been increasing their market share at European firms’ expense, all posted trading gains in the fourth quarter, driven by volatility after Donald Trump’s election victory and the prospect of interest-rate hikes.



Analysts expect Barclays to follow suit.



“The spotlight is on the investment bank” where “we forecast a 40 percent year-on-year increase” in FICC income, in line with the average 43 percent jump at U.S. rivals, Deutsche Bank AG’s David Lock and Kinner Lakhani said in a Feb. 3 report. “We are positive on the shares and see Barclays as well positioned for 2017 given improved capital market conditions.”



Staley, who took over in December 2015, faced down calls from some skeptical analysts and investors to spin off or radically shrink the investment bank, arguing it serves as a counterweight to the consumer businesses that may be vulnerable to any slowdown in the U.K. economy after the Brexit vote. The securities unit generated about 20 percent of overall revenue in 2015, and this proportion is set to increase as the bank continues to sell down its stake in its African operations this year.



Not all analysts are convinced Staley is right: The shares are at their lowest average rating since 2009. While the stock is still up 5.6 percent this year, Barclays has lagged behind U.K. peers whose proportionately larger consumer businesses are better placed to benefit from a rising interest-rate environment.



Investors will also be looking for commentary on the looming battle with the U.S. Department of Justice over the sale of toxic mortgage-backed securities, after the bank said in December it’s prepared to go to court after balking at paying the amount the government sought in negotiations. That sum was more than $5 billion, according to people with knowledge of those talks.





2017 ESTIMATES:

Bloomberg News-compiled 4Q16 estimates (based on survey of 5 analysts):
Adjusted pretax profit GBP646m
Revenue GBP4.91b
Non-core loss GBP648m
FICC revenue GBP825m
Full-year broker estimates compiled by Barclays (based on survey of 14 analysts):
Total income net of insurance claim GBP20.8b
Net hoper. income GBP18.5b
Total operating costs GBP14.2b
Adj. pretax GBP3.97b
Adj. net income GBP2.3b
DATA:

Barclays up 5.6% year-to-date vs 2.3% for Stoxx 600 Banks Index; trades at 11.2x next year’s earnings vs 13x peer average
28 ratings, 8 buy, 15 hold, 5 sell; avg PT 232.73p implies ~-1.4% downside
Options market implying 4% move either way on earnings day.

[astol] 22/2/2017 15:45

As I said tree shaker it's now heading towards positive Oh yee of little faith

[smartypants] 22/2/2017 15:29

Maybe,...with a little luck,
If BARC has some good number to show, the share price might give back tomorrow what the algorithms took away today... thats if algorithms can, or maybe can't read ??

[portside1] 22/2/2017 14:56

off to the pub

[portside1] 22/2/2017 14:56

we will no after close who sold and if it is jp then they have been given results
then action

[mbmiah] 22/2/2017 14:48

Looks to me like putting ointment on before getting the bruise.

[portside1] 22/2/2017 14:21

we must wait jes 7am

[portside1] 22/2/2017 14:20

the sell is being kept back by mm

[portside1] 22/2/2017 14:19

it is not a shake out . over 7m sold by ?

[astol] 22/2/2017 14:15

It's just a bit of tree shaking imo

[diku] 22/2/2017 14:13

Maybe be more PPI to come...

[portside1] 22/2/2017 14:10

we will know the seller at 4.40pm

[portside1] 22/2/2017 14:09

will we seea sell of a friend of jes at jp it looks like they have sold a few million share today

[portside1] 22/2/2017 14:05

diku something is not right . from over 4p to 2p down is not good

[diku] 22/2/2017 13:38

porty...even Lloy rise has failed to lift Barc....unless if it does in the last hour by surprise...or some in the know, know the news already...

[portside1] 22/2/2017 13:38

why have barcs released this news the day before results

[portside1] 22/2/2017 13:36

do they not mean that the 1b not paid in divs will foot the bill

[sue999] 22/2/2017 13:31

LONDON (Alliance News) - Barclays PLC has reached an agreement with its African subsidiary over the terms of their separation, reported the Financial Times on Wednesday.

PRESS: Barclays Agrees Separation Terms With Africa Unit - FT

The newspaper cited two people briefed on the matter, who said Barclays and the African unit are awaiting approval for the agreement from local regulators. The deal is necessary before Barclays can sell further tranches of the business, in which it currently has a holding of just over 50%.

The deal will involve a break fee paid by Barclays to end the master services agreement between the two, along with a transitional services agreement. Analysts have estimated the deal could eventually cost Barclays as much as GBP1.00 billion, according to the FT.

The FT said it is unclear whether Barclays will include the cost of the deal in its full-year results on Thursday.

Shares in Barclays were down 0.5% at 234.75 pence Wednesday afternoon.

[smartypants] 22/2/2017 12:28

bernie37.. what explanation do you require ?