Barclays Share Discussion Threads

[mbmiah] 28/4/2017 10:06

Portside should be put down....humanely of course. He as been lying, the man is liar, he as taken the side of a traitor that is Jes, he is no better than the vile people he so hatesHehehee

[astol] 28/4/2017 10:03

Yes agree I have I invested in Lloyds instead of Barc for a change

[mbmiah] 28/4/2017 10:02

Even RBS is up

[sr2day] 28/4/2017 09:48

LLOYDS is the the bank to be invested in at the moment.at least 20% upside.

[technohead] 28/4/2017 09:39

Even porty supports my amateur charting efforts "7 months to go"!

[portside1] 28/4/2017 09:38

ken I do not I have a good friend , barcs will be fine just add more on the dip
we all new barcs was going to put aside 800m to clear Africa , it was all in the report last year . I am quite happy to add more jes said two years we are only 17months down the road , 7 months to go.

[technohead] 28/4/2017 09:35

there's an ominous gap between 1.80 and 2.10 which possibly needs to see some action before the upward trend of this shares regains its momentum.

The lack of trading income and disappointments compared to US counterparts; the CEOs personal issues combined are possibly enough to send the share back into this range.

Ultimately, I think the upward trend will continue but maybe now is the time for the share to take a breather. Isn't there an old adage about May and St Leger day?

EDIT: I made the above comment looking at the near term 12 month chart - when you look at the long term chart beneath we are in the 3rd downward wave. If a turning point came at 1.80 - I would feel very confident that we had broken that long downward spiral and about to truly climb to our often hinted potential. That would be in line with the current CEOs view of no divs through 2017 and a return to good times in 2018. May/Leger?

[kenbachelor] 28/4/2017 09:32

Portside - I've always believed that you were able to access information not available to the rest of us, because you comments are usually very accurate.

I didn't realize that you relied on the tele!

[bernie37] 28/4/2017 09:12

Barclays reported its first quarter profit more than doubled on Friday, but its investment bank missed out on a bond trading boom that saw earnings surge at its Wall Street rivals and its shares fell in initial trading.

Barclays said its profit before tax was 1.7 billion pounds ($2.19 billion), up from 793 million pounds a year ago and better than the 1.46 billion pounds average estimate of analysts' forecasts compiled by the bank.

The British bank is seeking to press ahead with restructuring plans which have seen it shift towards a transatlantic U.S.-UK focus and an emphasis on investment banking under Chief Executive Jes Staley.

In its trading business, income from its markets business decreased 4 percent to 1.35 billion pounds, as macro income fell 14 percent due to a weaker performance by its U.S. rates business and the impact of exiting energy-related commodities. Equities trading income also fell 10 percent, driven by lower revenue from U.S. equity derivatives.

Barclays' Wall Street rivals saw bond trading revenues rise by an average of 21 percent in the first quarter, with investors adjusting their portfolios in response to rising interest rates, and elections in Europe.

Deutsche Bank reported on Thursday that its markets business also lagged its U.S. peers last quarter.

Analysts were lukewarm about the results overall.

"The primary culprit was US rates revenue in the i-bank and a cost miss (could be partially FX driven). We do not see estimates rising on the back of today's results. Remain "Hold" on the shares," Jefferies analysts said in a note.

Barclays shares traded 3.5 percent lower at 0710 GMT.

However, Barclays overall performance was buoyed by a strong performance in its credit cards business and investment banking division, which advises on M&A transactions and equity and debt underwriting.

REGULATORY ISSUES

The bank also reported rising income of 708 million pounds, up from 651 million a year ago at its UK business. It said it would create 1,000 new roles in the UK in operations and technology, with a further 1,000 to come over the next three years.

"This has been another quarter of strong progress towards the completion of the restructuring of Barclays," CEO Staley said in a statement.

Staley faces regulatory probes in the U.S. and Britain and criticism from investors following his attempts to unmask a whistleblower at the bank, which market sources including Barclays insiders fear could unseat Staley if the findings are harsh.

Barclays said its core capital ratio, a key measure of financial strength, rose to 12.5 percent from 12.4 percent a year ago.

"The bank continues to ride a capital tightrope," Bernstein analysts wrote in a note.

"UK macro and South African politics will dictate whether BARC escapes another capital raise," they added.

Barclays said it would take a one-off goodwill impairment charge of 884 million pounds on its stake in Barclays Africa Group, which it has given itself 2-3 years to sell down. ($1 = 0.7750 pounds)

[johnwise] 28/4/2017 09:01

08:50 28 Apr 2017

Barclays first quarter profit beats forecasts, but shares tumble as CEO Jes Staley faces investor revolt over probes

The bank's results come as its boss, Jes Staley, possibly faces the boot after proxy adviser said shareholders shouldn't vote to re-elect him to the board

[diku] 28/4/2017 08:58

If I remember correctly Goldman also has bad trading revenue figures...

[dr biotech] 28/4/2017 08:56

From the independent.


Barclays became the latest European bank to post disappointing first-quarter trading results that failed to live up to the gains American firms reported.

The firm posted a surprise drop in fixed-income trading revenue, in contrast with a collective 24 per cent jump achieved by its five largest American counterparts. Income from equities, the other main trading business, also fell more than expected.

Chief Executive Officer Jes Staley, 60, has thrown his weight behind the investment bank in London and New York, arguing a securities unit is a valuable counterbalance to its more profitable retail and credit card businesses. Capturing market share from European peers that are retreating from some markets would help the unit boost its returns.

“We didn’t have the uptick that a number of the US banks did,” Mr Staley said in a Bloomberg Television interview. “We could have done a little better on the U.S. rates side, but we’re not going to make any judgments on one quarter.”

The trading performance marked the first quarter under Tim Throsby, who was poached from JPMorgan Chase last year to help turn around the investment bank. Mr Staley has touted the need for Europe to have a successful investment bank based in the region, as American firms have seized share in the trading and merger advisory businesses in recent years.

Fixed-income trading dropped 1 per cent, while the equities business fell 10 per cent. Analysts surveyed by Bloomberg News had expected Barclays’s fixed income revenue to rise 17 per cent, while the equities unit was forecast to slump 5 per cent, according to the average of four estimates. Trading typically accounts for about a quarter of the firm’s revenue.


Barclays boss right on immigration: Britain must remain open
Barclays security chief 'faces investigation over whistleblowing'
Barclays CEO under investigation for trying to identify whistleblower
Any progress Mr Staley has made turning around the British lender risks being overshadowed by his attempts to unmask an anonymous whistle-blower in violation of company policy, revealed two weeks ago when the board reprimanded the CEO and reported him to regulators. Mr Staley may forfeit his entire £1.3m 2016 bonus over the scandal and could lose his job if regulatory investigations deem him unfit to run a bank.

“The full board of the bank did its review and voted unanimously to support me,” Mr Staley said in the television interview.

Barclays’s pretax profit more than doubled to £1.68bn, Barclays said in a statement Friday. Five analysts surveyed by Bloomberg had estimated pretax profit of £1.51bn. Total revenue climbed 16 per cent to £5.82bn, exceeding analysts’ £5.67bn forecast.

[knowbodyyouno] 28/4/2017 08:55

Unfortunately, I think this is the reason for the drop.

[diku] 28/4/2017 08:45

Debt is good...if it gets any worse just press the reset button...

[ccr1958] 28/4/2017 08:41

5% drop ?...bit harsh !!

[clond] 28/4/2017 08:35

£2 coming

[dr biotech] 28/4/2017 08:24

yeah, I'm ecstatic.


portside1 - 21 Apr 2017 - 14:44:14 - 121806 of 121933
all investors will be very happy a week today happy days are here again

[nasdaqpat] 28/4/2017 08:22

Its probably got something to do with the Doodles wanting their Lehmans bits back. Staley probably works for the CIA and has been hired to help kill off BARC once and for all. Poodle May needs to stand up for British Banks and possibly needs to switch the Nukes to point West. LOL!

[ny boy] 28/4/2017 08:20

Better off buying HER, than these!

[tfergi] 28/4/2017 08:18

Agree both

[bothdavis] 28/4/2017 08:17

It would appear that the 'market' has different expectations for Barc than Lloyds. Lloyds appear to be the 'golden boy' apart from being bailed out by the tax payer, Barc stays solvent and is distrusted!!!

[clond] 28/4/2017 08:10

50p+ swing with rbs since Feb - wow