Barclays Share Discussion Threads

[action] 06/8/2017 20:02

Split in Lehman USA and Barclays USA..lol

[bernie37] 06/8/2017 19:42

2350220, yes I read that in ic.

[2350220] 06/8/2017 19:38

Had a leaf through Investors Chronicle, and despite losses, they rate Barclays as a long term buy.
Dunno if that's a good recommendation.
John

[smurfy2001] 06/8/2017 12:08

..or that the DoJ could could be large enough to wipe out the profit for this year.

[exel] 06/8/2017 12:05

thanks diku, interesting point.

[smurfy2001] 05/8/2017 12:57

Justin Urquhart Stewart on III mentioned Barclays as a tip but what was interesting is he think Barclays could split in future.

Check News & Research section on III.

[diku] 05/8/2017 08:37

Post 122783...it is facilitated in a round about way to take back Lehmans assets...only matter of time...

[waynex] 04/8/2017 14:33

Wooo Hooooo 210!!!!

[exel] 03/8/2017 22:38

am I alone in thinking that Goldman Sachs and (now) a few others have marked this stock down, purely for their own reasons, nothing to do with BARC prospects and its TNAV etc.

[clond] 03/8/2017 10:20

Manics - ha ha ha ! Absolutely brilliant.

We need to split the thing up and have two daughters, one called I.B. who takes after her mum and one called S.B. who takes after her dad. We can start dating again but which one would you fancy ???

[7monkey] 02/8/2017 11:16

I'm so far underwater I'd get the bends

[smurfy2001] 02/8/2017 10:32

Can't get a divorce just yet or it'd be like losing a house.

[jordaggy] 02/8/2017 03:43

At last, some better news for our economy.



An economic commentator pointed out that the likes of Barclays, have more 'real' data on the UK's outlook than any government economist or think tank. They have the equivalent of Tesco's club card...a finger on the 'real' economic pulse.

[bernie37] 01/8/2017 16:30

Deutsche Bank remains bullish on Barclays (LON:BARC), believing the lender has secured its capital position. The comments come after the FTSE 100 lender updated investors on its interim performance last week, posting a half-year loss, but noting that the restructuring of the group’s business to focus on operations in the UK and the US was now complete.

Barclays’ share price lost ground in the previous session, shedding 1.02 percent to close at 203.00p. The stock underperformed the broader UK market, with the benchmark FTSE 100 index adding 3.63 points to end the session 0.05 percent higher at 7,372.00. The group’s shares have added just under 10 percent to their value over the past year, and are up by some three percent in the year-to-date.

Deutsche Bank reiterated its ‘buy’ rating on Barclays yesterday, with a price target of 229p on the shares. The results come after the lender posted an attributable loss of £1.2 billion for the half-year ended June 30. The company’s profit before tax, however, increased 13 percent to £2.34 billion, reflecting lower losses in its non-core operations.
“Barclays is targeting more than 10 percent return on tangible equity in a ‘reasonable timeframe’ along with a less than 60 cost/income ratio,” the broker’s analyst David Lock pointed out, as quoted by Citywire. “Now that Barclays’ capital position is secure, we think a key part of this group strategy will involve reallocation of capital towards higher returning businesses in the international business –and we expect greater detail from management in coming quarters.”
The 21 analysts offering 12-month price targets for Barclays for the Financial Times have a median target of 230.00p, with a high estimate of 265.00p and a low estimate of 160.00p. As of July 28, the consensus forecast amongst 25 polled investment analysts covering the blue-chip group advises investors to hold their position in the company.
As of 08:10 BST, Tuesday, 01 August, Barclays share price is 204.10p.

[bernie37] 01/8/2017 14:07

And will again.

[diku] 01/8/2017 13:54

Once upon a time Barc used to be the darling of the banking sector....

[bernie37] 01/8/2017 12:54

On the face of it, Barclays' first-half results beat City consensus forecasts but analysts had mixed feelings after digging deeper into the numbers.
Barclays reported a £1.2bn loss or the first half of 2017, thanks to a £1.4bn writedown from its sale of a 34% stake in Barclays Africa, a £1.1bn impairment of its remaining holding in the African business and a £700m provision against PPI mis-selling.
However, RBC Capital Markets said the second quarter results were a 6% miss versus consensus due to the non-core bank which has been folded back into the main bank.
The core bank was in line with expectations, RBC said, with the miss driven by greater non-core losses from a faster run-down of risk-weighted assets to £23bn compared to £25bn guidance.
Analyst Laith Khalaf at Hargreaves Lansdown said it was a "perplexing" set of results as "the bad bank is getting better, but the good bank is getting worse".
The core business saw a 25% fall in PBT to £2.99bn, with Barclays UK responsible for most of the fall as profit fell 41% from to £634m thanks to PPI charges and the prior year’s Visa boost.
But he said the completion of the bank's restructuring is a "significant milestone", but now Barclays is in the shape envisaged by management, "the pressure is on to perform".
"To that end its figures for 2017 are far from convincing, with the core bank floundering, and progress actually coming from the non-core. The market will be hoping for a bit more positive news in the remainder of the year, though conduct issues may well overshadow the bank’s performance.," he said.
Investec's Ian Gordon called the numbers "messy" and said it was "hard to take too many incremental positives" beyond regulatory capital being better than expected, with the "theoretical" underlying profit only beating consensus due to a £109m Vocalink gain, with fixed income, currencies and commodities performance again "poor".
Disappointment in underlying revenues, which are a 3% miss on consensus forecasts, was primarily reflecting further weakness within investment banking, driven again by macro where revenues fell 7% on the prior quarter and 25% on the year, which is "particularly poor" in the context of specific underperformance in the first quarter 2017 and continued FX support for the year on year comparatives, notwithstanding weakness already seen from most US peers.
He said the 3p “token” dividend in 2017 was unsurprising given prior guidance, but looking ahead he is optimistic as 2017 "should be the peak year for both non-core losses and restructuring charges", so if regulatory/conduct is not too bad, he expects reported earnings and dividends to "meaningfully recover in 2018 and beyond".
However, Gordon felt the shares are "too cheap" at 0.7 times current tangible net asset value of 284p, leading him to reiterate his 'buy' recommendation and 245p target price.
Broker Shore Capital said the interim results were worse than expected due to weaker than anticipated income performance and a further material PPI, with the statutory PBT of £2.34bn being below the consensus £2.95bn forecast.
Excluding one-off amounts, adjusted PBT was £2.85bn, so still weaker than expected, which ShoreCap noted was primarily due to lower than anticipated income performance with costs and impairments both broadly in line with expectations.
The £2,195m loss on Barclays Africa, partly offset by the recycling of currency translation losses from reserves, "appears to be larger than we expected".
Barclays has reported a £1.2 billion loss or the first half of 2017, thanks to a £1.4 billion write down from its sale of Barclays Africa Group Limited, a £1.1 billion impairment of its holding in the African business, and a £700 million PPI charge.

[jordaggy] 01/8/2017 12:34

When you say 'not long' how long ? a year ? two?

[ny boy] 01/8/2017 11:10

Patience required but buyers are coming in at these levels, not long before this is back over 220p

[manics] 31/7/2017 19:21

Just look at the 7 year chart in Ken's header above. +330p late 2010. If I'd have told you then: "22k DOW AUG17" you'd have gleefully replied "BARC 650p".

...yet here we are, with this most heinous of murderous dogs struggling to hold 200p. Adjusted for inflation the 7 year performance of course is even worse.

[smurfy2001] 31/7/2017 13:15

This is a donkey of a stock. Until the dividend rises there are far better yielding recovery stocks.

[johnwise] 31/7/2017 12:53

Barclays mistakenly sent client data to German debt agency

The incident is a blow to Barclays’ reputation because client confidentiality is sacrosanct in the investment banking and trading businesses. Human error is a threat to bank’s data security as firms also try to protect against cyber attacks and wrongdoing like employee thefts.

Wells Fargo & Co. is facing questions from U.S. financial watchdogs after mistakenly providing wealthy customers’ data to an attorney as part of a lawsuit, Bloomberg News reported this month.

[manics] 31/7/2017 12:52

If 200p plops (as I believe it will) then BARC will be 'invited in for coffee' with 180p imo.