Barclays Share Discussion Threads

[johnwise] 22/2/2018 07:58

Chief executive Jes Staley...
"Although we are only seven weeks into the first quarter, and it is too early to offer formal guidance, we are pleased with the start to the year, and in particular in the markets businesses in CIB, where income is tracking above the level for the corresponding period in 2017 in dollars, and also in sterling, despite the weaker dollar we are currently experiencing."

[portside1] 22/2/2018 07:57

OPEN UP 2P

[portside1] 22/2/2018 07:52

bit of a rumour BP COULD MAKE A MOVE ON CENTRICA , DYOR

[johnwise] 22/2/2018 07:46

Profits up at Barclays as bank cuts expenses by £800m

[clond] 22/2/2018 07:45

Testing year ahead ... manics v nyboy

[manics] 22/2/2018 07:41

"we are pleased with the start to the year.."

-a real highlight for us was the Serious Fraud Office broadening their investigation.

[manics] 22/2/2018 07:40

...now I thought we were adding "legacy" in front of litigation and conduct to give the impression that it was 'all in the past'?

...so how come BARC's still making provisions?!

[manics] 22/2/2018 07:39

The bank said it had set aside £1.2bn for litigation and conduct

-those great guys don't come cheap.

[johnwise] 22/2/2018 07:38

Barclays falls to a $2.7 billion net loss in 2017 after US tax hit

The U.K. bank's net loss was £1.92 billion ($2.67 billion), part of which was a one-off £900 million charge on U.S. deferred tax assets. The group's pre-tax profit, however, rose by 10 percent to £3.54 billion in 2017, and customer deposits increased 2 percent to £193.4 billion.

Barclays also announced to restoration of its dividend to 6.5 pence per share for 2018, more than double the last year's full-year dividend of 3 pence.

[portside1] 22/2/2018 07:36

yes time to start adding more

[ny boy] 22/2/2018 07:35

Hold for me, banks will do much better in a rising rate cycle.

[clond] 22/2/2018 07:27

Is it enough to hold it above £2 - looking like it could do it's usual 3-4% crash because Jez has spoken again.

[portside1] 22/2/2018 07:18

div to more than double this year starting with the interim

[portside1] 22/2/2018 07:15

Declared dividend of 3.0p per share for 2017 and the
intention to pay 6.5p in 2018

[bernie37] 21/2/2018 16:38

Barclays PLC (LSE:BARC) is currently trading at a trailing P/E of 16.9x, which is higher than the industry average of 16x. While BARC might seem like a stock to avoid or sell if you own it, it is important to understand the assumptions behind the P/E ratio before you make any investment decisions. In this article, I will deconstruct the P/E ratio and highlight what you need to be careful of when using the P/E ratio. View our latest analysis for Barclays

What you need to know about the P/E ratio

LSE:BARC PE PEG Gauge Feb 21st 18
LSE:BARC PE PEG Gauge Feb 21st 18
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A common ratio used for relative valuation is the P/E ratio. By comparing a stock’s price per share to its earnings per share, we are able to see how much investors are paying for each pound of the company’s earnings.

P/E Calculation for BARC

Price-Earnings Ratio = Price per share ÷ Earnings per share

BARC Price-Earnings Ratio = £2.01 ÷ £0.119 = 16.9x

The P/E ratio isn’t a metric you view in isolation and only becomes useful when you compare it against other similar companies. We want to compare the stock’s P/E ratio to the average of companies that have similar characteristics as BARC, such as size and country of operation. A common peer group is companies that exist in the same industry, which is what I use. At 16.9x, BARC’s P/E is higher than its industry peers (16x). This implies that investors are overvaluing each dollar of BARC’s earnings. Therefore, according to this analysis, BARC is an over-priced stock.

Assumptions to watch out for

While our conclusion might prompt you to sell your BARC shares immediately, there are two important assumptions you should be aware of. Firstly, our peer group contains companies that are similar to BARC. If this isn’t the case, the difference in P/E could be due to other factors. For example, if you are comparing lower risk firms with BARC, then its P/E would naturally be lower than its peers, as investors would value those with lower risk at a higher price. The second assumption that must hold true is that the stocks we are comparing BARC to are fairly valued by the market. If this is violated, BARC’s P/E may be lower than its peers as they are actually overvalued by investors.

[bernie37] 21/2/2018 16:33

Another day, another bank reporting results, with Barclays PLC (LON:BARC) the latest the post its full-year results on Thursday.

Like its peer, the FTSE 100-listed lender is facing some large exceptional items which are going to drag down its reported profits for 2017, one of which is a £1bn charge to profits thanks to President Trump’s US tax reforms.


However, that charge does mean in the meantime Barclays will need to write down an estimated £1bn of its US deferred tax assets, a bit of accounting jiggery pokery which will reduce reported profits but doesn’t really tell us anything about Barclays in the real world.

Like Lloyds, Barclays may also face further PPI charges, with PPI costs for 2017 to come to at least £700mln, taking Barclays’ total PPI bill to £9.1bn.

[bernie37] 21/2/2018 16:29

Barclays PLC BARC is scheduled to report its 2017 results on Thursday at 0700 GMT. Here's what you need to know:

SALES FORECAST: Analysts expect Barclays to report total income of GBP21.17 billion, according to a FactSet consensus of 17 estimates. This compares with GBP21.45 billion in 2016.

PROFIT: Analysts expect Barclays to report pretax profit of GBP4.02 billion, according to a FactSet consensus of 11 estimates. This compares with GBP3.23 billion in 2016.

WHAT TO WATCH:

INVESTMENT BANK STRUGGLES: Barclays' third-quarter results were poorly received by shareholders due to a drop in profit in the investment banking division, notes AJ Bell. Barclays CEO Jes Staley has championed further spending on the unit, but the decision may be questioned if the division continues to drag on profitability, says AJ Bell.

CONDUCT ISSUES: Any further updates on investigations into Barclays by regulators will be eagerly waited, especially progress on a settlement to its legal fight with the U.S. Department of Justice over mortgage-backed securities sales. Barclays is also facing U.S. and U.K. investigations over its fundraising with Qatar in 2008, while CEO Staley is being probed over an attempt to identify a whistleblower.

[smurfy2001] 21/2/2018 15:33

Indeed i'm wondering if l should dump my CFD

[cszjrh2] 21/2/2018 14:15

I was expecting a steady rise this week ahead of tomorrow's results and was thinking I might sell my holding this afternoon expecting the price to drop back tomorrow...Given the absence of a rise I'll probably hold now.

[bernie37] 21/2/2018 09:30

Lloyds Bank Launches £1Bn Buyback
By Max Colchester
Updated Feb. 21, 2018 3:58 a.m. ET | WSJ Pro
Lloyds Banking Group PLC (LLOY.LN) said Wednesday it was launching a 1 billion pound ($1.4 billion) share buyback alongside a new strategy aimed at making it one of the most cost-efficient banks in Europe.

The British retail bank said that its full-year net profit rose 50% to GBP3 billion, as revenues rose 6% to GBP18.5 billion amid a solid U.K. economy. The results, which set a record for the group, missed analyst estimates.

The...

[diku] 20/2/2018 23:26

Wednesday here!...

[mondaytuesday] 20/2/2018 22:25

I have a target of 240p.

Anyone have a problem with that?

No? Good.

[manics] 20/2/2018 17:31

Governments.
Lawmen. Both local and on the international stage.
Generations

-all coming together. Working together. To make sure the great guys are never again afforded opportunity they once had. And indeed did squander.

imo.