Barclays Share Discussion Threads

[clond] 23/2/2017 12:51

only on the bbc

[clond] 23/2/2017 12:49

12-29 pm post on barcs

Barclays is now trading 1.93% higher after a particularly strong set of results sent its shares up more than 3% earlier.

[clond] 23/2/2017 12:43

might get them at 220p joe mil

[sue999] 23/2/2017 12:42

It should bounce from 231-232

[joemillion] 23/2/2017 12:40

Grabbed another 6k of shares at 235.50 for the long term.

[clond] 23/2/2017 12:29

234p in minutes

[portside1] 23/2/2017 12:27

its a good shake of the tree and working orders to fill do not sell

[clond] 23/2/2017 12:26

Lloyds flying day after day - somebody is winning the banking game

[clond] 23/2/2017 12:25

or 240p cannot be breached at the end of the day once again !

[sue999] 23/2/2017 12:06

Price being manipulated . 27 oct 2016 after the results share went up 8 p then lost it all and went down 4 p then back up and close 6 p up from opening price at the end.

[sue999] 23/2/2017 12:01

Price being manipulated . 37 oct after the results share went up 8 p then lost it all and went down 4 p then back up and close 6 p up from opening priceat the end

[smurfy2001] 23/2/2017 11:56

Shame the share price isn't reflecting..

[micronesiac] 23/2/2017 11:55

Sub 240 again....I don't know - the DOJ piece is weighing heavily for me - no real provision and total unknown. I can't see trump letting Barca off the hook having scythed others including Goldman and JP

[portside1] 23/2/2017 11:52

the charges were known that is what the div was cut for , but it is now close to finish , 16 weeks and done .

barcs could return to high divs by feb next year or may even pay a bigger div in sept

[smurfy2001] 23/2/2017 11:45

The CET1 ratio printed at 12.4%, 60bps ahead of DBe and consensus in the quarter, despite the statutory miss on earnings, driven by lower RWAs (+30bps), pension movements (+20bps), currency translation reserve (+20bps). TNAV was also 3% ahead of DBe at 290p. Importantly, this puts Barclays within its target capital range (12.3-12.8%) today, and before the capital contribution of Africa (greater than 75bps capital accretion expected net of £868m TSA costs to come). Barclays has accelerated the run-down of non-core, with RWAs falling to £32bn at FY16, and will now close non-core 6 months ahead of schedule at 1H17. Non-core losses in 2017 are expected to be c.£1bn (ex- ESHLA, and front-loaded to 1H17) which is in line with current consensus.

11:40 am
BE
Markets revenues were a 1% beat vs. DBe, and total Barclays International income was a 2% beat vs. consensus. Within this credit was a 7% beat vs. DBe, macro a 10% miss, equities a 14% beat (across cash, derivatives and financing), and banking a 25% beat. Converting to US$ and comparing with other I-bank peers this was a weaker than expected performance for FICC (+9% YoY, vs US banks +43% and Europeans +15%, though in line with European peers on a QoQ basis), but stronger YoY for equities and banking.

11:41 am
BE
The source of the impairment miss in the core bank was in Barclays International with overall impairments around £100m ahead of us and consensus (UK was in line). Company says this is driven by a rise in delinquency rates (90d up from 2.4% to 2.6% QoQ), balance growth, mix shift, & FX in Barclaycard US. CRL coverage rose 3% QoQ to 119% in International.

[smurfy2001] 23/2/2017 11:44

Impairments: International card impairments rose 53% YoY, given balance growth of 24% and changes in the portfolio mix, coupled with FX movements.


Impairments in the IB also rose 8% yoy driven by single name exposures. BARC notes underlying impairment trends in the UK are stable (echoing LLOY commentary) and are seeing improved delinquency rates in the UK cards portfolio.

[smurfy2001] 23/2/2017 11:43

Africa: BAGL de-consolidation will add 75bps to CET1, but BARC will incur £895m of changes to agree the separation, and are still awaiting regulatory approval to proceed with further sell-downs, so timing of CET1 gain remains uncertain.
Non-core: Non core to close 6 months early, with £25bn in RWAs. £1bn pbt loss guide for 2017 is in-line, and will be 1H front-loaded.
Valuation: Tangible book value up 3p/share to 290p/share, leaves the shares trading on 0.8x.

[johnwise] 23/2/2017 11:43

Business

Barclays booms as it challenges Wall St giants

[smurfy2001] 23/2/2017 11:42

IB Revenues: Q4 FICC revenue in-line at £766m, up 32% YoY, driven by US flow business in credit and a strong rates performance. Equities +29% yoy, driven by strong cash and derivatives. Corporate lending revenues fell 3% on margin compression. The investment bank ROTE in 2016 was 7.3% ex the compensation and other charges. Nothing in the outlook statement as to how the IB has performed ytd.

[smurfy2001] 23/2/2017 11:42

Capital stronger: CET1 12.4% v JEFe at 11.6% (RWAs totalled £366bn v JEFe at £373bn); this included a 20bps gain from the reduction in the defined pension scheme deficit. Pillar 2A requirement is increasing 10bps in 2017, and BARC now targeting CET1 150-200bps above minimum regulatory level (vs. previous guidance of 100-150bps).

[smurfy2001] 23/2/2017 11:41

Barclays’s Q4 16 PBT was a 55% miss to consensus (see Exhibit
overleaf), though 7% ahead after adding back £395m of costs related to a “restructure of compensation awards”. Capital was stronger than expected at 12.4% vs. cons. of 11.8% on lower RWAs and a 20bps tailwind from the defined pension scheme deficit reduction. Core ROTE = 6.4% (9.4% for FY 15 ex notable items). Company guiding to £900m separation costs related to Africa, with a 75bps gain to CET1 from the regulatory deconsolidation of BAGL to come. Fixed income revenues grew 32% YoY, a result consistent with peers. International card impairments rose 53% YoY, and remain elevated for a second quarter. Non-core unit expected to close 6 months ahead with £25bn of RWAs. TNAV = 290p/share. Hard to see upgrades to consensus on the back of these results.

[johnwise] 23/2/2017 11:37

Incentive awards at Barclays inched down in 2016 despite bumper profits

[keifer derrin] 23/2/2017 11:10

Barclays' profits almost triple – but chairman admits it still faces challenges



i like this part of the article

"Alongside this year’s annual results, McFarlane raised the prospect of the dividend payout – set at 3p for 2016 and 2017 – being reconsidered once the bank’s fortunes had improved."

[portside1] 23/2/2017 11:07

very risky as these could jump any time

[astol] 23/2/2017 11:04

Profit taking but should bounce back