Barclays Share Discussion Threads

[portside1] 14/2/2019 20:45

No rise and only 4 more trading days ,not looking good

[portside1] 14/2/2019 20:43

Op teeth fine never had one out ,all mine still was in the chair 2 mins and out back in sept ,21.60

[johnwise] 14/2/2019 13:53

AT least two European Union member countries are feared to be considering quitting the bloc to follow in the footsteps of Brexit Britain, global business developer Hilary Fordwich warned.

[optomistic] 14/2/2019 11:15

Cheers Porto. Good luck to you too.

[portside1] 14/2/2019 10:55

No dentist at 12.20 check up them pub and dinner Op hope you are keeping well . Have put 100k in my current account to buy. Either cna or vod next week if share price holds at today's levelHave a good year op

[optomistic] 14/2/2019 10:12

Morning Porto, I was beginning to think you had overlaid this morning ;-)

[portside1] 14/2/2019 10:04

Barcs the only bank in the Eu down today So much for up grades if barcs was doing well the insiders would now no results and buying its not looking good Get rid of the useless dishonest directors Mc lair the fraud and is side kick jes must be removed

[johnwise] 14/2/2019 07:08

Europe is BIGGEST THREAT to global economy: 'VICIOUS DEBT CRISIS' incoming, experts warn

[diku] 13/2/2019 23:44

Hope not but that right header chart is being kept intact to the downside...possibly for the next leg down...

[m1k3y1] 13/2/2019 18:57

John....

I don;t think I've ever seen a company make so many new hirings at senior level.
Having made substantial cutbacks during the recession, it appears that Jes is hell bent on now replacing the positions he got rid off years ago.

We can only hope that it delivers substantial profits rather than just jobs for the boys.

[bernie37] 13/2/2019 17:09

Barclays (BARC.L) has spent between £100m and £200m ($257m) preparing for Brexit, the chairman of its UK bank, Sir Gerry Grimstone, said on Wednesday in Dublin.

The expanded Dublin unit of Barclays, which is set to become its European headquarters, is expected to absorb around £224bn of its total £1.17tn in assets by 30 March.

Bank of America (BAC), which has also chosen Dublin for its main post-Brexit EU hub, said in November that it had spent around $400m (£309m) on its Brexit restructuring efforts.

Also speaking in Dublin on Wednesday, Bank of America vice-chairman Ann Finucane said that, considering that many financial institutions were spending similar amounts on Brexit preparations, “it adds up.”

“I hate to say that we’re more cost effective than [Bank of America],” Grimstone said. “We’ve certainly spent 100m, 150m, 200m – but yes we’ve spent less than them.”

Barclays last month got the green light for the transfer of more than £150bn in assets to Dublin, after the London High Court said the bank could not wait any longer to implement its Brexit contingency plans.

READ MORE: Barclays ‘cannot wait any longer’ for its £166bn Dublin move

Around 6,800 Barclays clients, mainly from the European Economic Area, will be transferred to Dublin by 30 March, when the bank expects to be fully operational there.

Speaking about the Irish regulatory authorities, Grimstone said that “the process over the last two years has been as smooth as we possibly could have wanted it to be.”

“We’re impressed with the nature and scale of regulation. It’s a new adventure for us — being regulated by the Irish Central Bank and through them, the ECB,” he said.

He noted that Barclays had not been “dragged kicking and screaming” to Ireland. “When you’re faced with regulatory or political change, you have to do things which you perhaps wouldn’t do otherwise,” he said.

“So we used the opportunity to create a major new European continental bank, which will centre on Dublin.”

Grimstone warned, however, about the impact of Brexit on conditions in London.

“The United Kingdom has gone from being one of the most predictable environments in which to operate to one of the least predictable.”

“There’s got to be a very high priority in restoring that predictability,̶1; he said. “The challenge we all have is that nobody knows what is going to happen over the next few weeks.”

Both Grimstone and Finucane were speaking at the European Financial Forum, which was organised by the Financial Times and IDA Ireland.

[johnwise] 13/2/2019 17:01

Before Trump was President
1 Jun 2014

Donald Trump - America is Ruined, China is laughing

Video

[johnwise] 13/2/2019 16:28

Jes Staley is poaching talent from JPMorgan again

Barclays CEO Jes Staley is poaching talent from Jamie Dimon again.

Staley has hired Fater Belbachir, one of JPMorgan’s global heads in stock trading

[bernie37] 12/2/2019 22:36

World’s third largest FX dealer by volume lashes out at US investor’s plans to ‘break up the business’

As major banks begin to give way to non-bank market makers for FX order flow market share, two major shareholders at Barclays go to war about plans for its investment banking division, which is the side of the company that provides liquidity to FX firms

Barclays has long been one of the world’s largest Tier 1 interbank FX dealers, its global financial markets key-component, the BARX single-dealer platform having garnered a love-hate relationship among liquidity takers, largely due to the company’s overtly pro-last look stance which has been doggedly adhered to for several years.

Five years ago, in 2013, Barclays was most certainly an all-encompassing dominator of the Tier 1 electronic trading world. with 10.4% of all worldwide FX order flow being processed through the bank’s Canary Wharf operations.

Since then, things have changed dramatically, placing a non-bank market maker at the very top of the market share statistics, that being XTX Markets which now accounts for a massive 18.9% of all global FX order flow, whilst Barclays handles just 10.4% yet is still in third place.

The last two years have been tumultuous for the bank to say the least, and in terms of internal wranglings at the top, this week is no exception.

Edward Bramson, who is the CEO and principal at Sherborne & Company Incorporated, described as an “activist investor” and “corporate raider” in many boardrooms, is a 5.2% shareholder in Barclays, which stands him as the bank’s fourth largest shareholder.

Mr Bramson, who was born in London and emigrated to New York in 1975, admits that some people would describe him as “pond scum”, and in the summer of last year, Mr Bramson, who is an example of the aggressive activist investors that are buying stakes in UK companies with the aim of shaking things up and extracting returns was welcomed as a major shareholder but the greeting was no doubt made through gritted teeth as Mr Bramson’s record of dogged agitation suggested that Barclays senior management could be in for a hard time.

This trepidation has proven correct, as this morning, Barclays shareholder Richard Buxton, who invested 3% of his Merian UK Alpha Fund in Barlcays lashed out at Mr Bramson, accusing him of attempting to break up Barclays Investment Banking division, which is the section of the company which is responsible for Tier 1 FX dealing.

Mr Buxton firmly stated “We have a holding in Sherborne, so Bramson does communicate with us and has come in to see us, but we don’t agree with what he’s trying to do. The idea that this is the right moment to significantly downsize the investment bank is wrong. We also think it’s wrong that if you were to do so, you would magically release vast amounts of capital to shareholders.”

Mr Buxton also called for an overhaul of Barclays’ culture to ensure all staff act with integrity in the wake of a scandal which saw boss Jes Staley fined £642,000 for wrongly trying to unmask a whistleblower.

Perhaps with this level of corporate discourse, there is some merit in the use of non-bank market makers and therefore it is quite easy to see why XTX Markets has achieved such a massive penetration into Tier 1 FX market share.

It has always been, and will always be more measurable environment if Tier 1 banks continue to hold the majority of FX order flow, however with continual adherence to last look procedures in terms of execution which allow banks to pick and choose which trades to reject when their own liquidity takers cannot do that when passing aggregated liquidity to retail brokers, and continual lawsuits relating to benchmark rigging and insider trading, transparency is not something that some of the bank desks are known for these days.

Ergo, using a non-bank market maker such as Hotspot FX, now owned by BATS Global Markets, or XTX Markets or Citadel has become popular.

Today’s reluctance by Tier 1 banks to extend counterparty credit to the non-bank OTC derivatives sector is one of the factors that has resulted in XTX Markets now being in an astonishing second position globally for handling FX order flow at top level, between JPMorgan and UBS, a position usually reserved for banks, and the first time in history that a non-bank market maker has dominated the global FX dealing sector.

In 2018, Barclays’ market share is down to 4.19%, placing Barclays in 9th position globally as an actual entity (its FX market share still being third in the world), yet last summer’s announcement of second quarter earnings heralds enormous increases in overall revenues compared to the same period last year.

Pre-tax profits at Barclays for the first six months of 2018 fell from £2.3 billion to £1.6 billion after the bank paid out about £2 billion, including a £1.4 billion settlement with the US Justice Department.

Without the charges, Barclays experienced a pre-tax profits jump of 20% to £3.7 billion, with the UK arm seeing a 30% rise to £826 million, and total income for the period was flat at £10.9 billion.

Barclays is also one of Europe’s largest retail traditional banking institutions, with a network across the entire continent from its base in London.

…or rather it was one of Europe’s largest traditional banking institutions.

It is clear that economies of scale are vital for large financial institutions, however Barclays is conducting its dominance by focusing on FX and other interbank derivatives asset classes rather than its traditional business, as just two weeks ago the British company completed its complete exit from the European market’s traditional banking sector, culminating in the sale of the final remaining 74 branches in France to private equity firm AnaCap Financial Partners, meaning that it now can concentrate its efforts solely on being at the very forefront of London’s global electronic trading epicenter.

Structural changes to the markets, management upheaval among many big banks, new non-bank entrants and lack of volumes and volatility have seemingly levelled the playing field among the industry’s biggest firms.

Perhaps a new era is upon us in terms of first tier liquidity for electronic markets.

[bernie37] 12/2/2019 22:33

hxxps://financefeeds.com/worlds-third-largest-fx-dealer-volume-lashes-us-investors-plans-break-business/

[m1k3y1] 12/2/2019 18:39

Thanks Bernie

[bernie37] 12/2/2019 18:10

Barclays: Buyers should appear at this share price
by Alistair Strang from Trends and Targets | 12th February 2019 09:00
With Brexit just weeks away, our technical analyst assesses the odds of a recovery at this struggler.


At the start of 2019, Barclays was 'almost' looking interesting. We've commented on our in-house thinking; the banking sector shall prove the real barometer of Brexit prospects. If this is the case, the prospects look pretty confused presently.

At present, weakness continuing below 155p looks capable of traffic down to an initial 152p, along with a probable short-lived bounce. Our secondary, if (when) 152p breaks is a bottom hopefully at 148p.

As the chart below illustrates (badly due to scaling issues), should Barclays hit 148p it can expect a bounce against the Brexit vote uptrend. Quite surprisingly, this uptrend actually stretches back in time to 2009 and the shambles which was "the last crash".

This creates quite a difficult scenario as the bank share price really cannot afford closure below the red line on the chart. This would be a bad thing, launching the share price into territory where some epically poor drop potentials calculate with slight rebound potentials, while the Big Picture allows a bottom at 78p eventually.

UK bank sector: What to expect this results season
The UK banks to buy in 2019
Royal Bank of Scotland: New share price forecast
Of course, as with everything, there's a "however" and, in the case of Barclays, it's at 166p. The share price only requires a trade above such a level to launch itself into a region where 172p is our initial expectation. With closure above 172p, it shall exceed a downtrend since 2008 and giving ample expectation for continued recovery to 186p and beyond.

For now, it's messing around and we shall not be surprised to witness the price oscillate between 148p and 166p until whatever Brexit means becomes clear.

Source: Trends and Targets

[bernie37] 12/2/2019 18:09

Barclays: Buyers should appear at this share price - Analysis & Commentary - interactive investor


hxxps://www.ii.co.uk/analysis-commentary/barclays-buyers-should-appear-share-price-ii507685

[bernie37] 12/2/2019 09:18

Barclays May Use Buyback to Mute Raider Attack, Analysts Say

[johnwise] 12/2/2019 08:38

Barclays PLC Could they deliver superior income returns than the FTSE 100 in the long run?

Barclays is expected to yield over 5% in 2019, with the company expected to generate excess capital after a period of restructuring. This puts its yield for the current year around 50 basis points higher than that of the FTSE 100, with there being the potential for it to move higher in my view.

The bank is forecast to post a rise in EPS of around 13% this year, which suggests that further dividend growth may be possible. With a single-digit P/E ratio and what seems to be a sound strategy according to my research, Barclays’ total returns could be relatively high in the long run.

[portside1] 12/2/2019 08:25

barclays has over 2000 managers directors who have nothing to do , non jobs

jes has filled the bank with duds but pals . look after your friends for retirement

[johnwise] 12/2/2019 07:24

President Trump holds MAGA rally in El Paso, Texas


Video

[johnwise] 12/2/2019 06:38

Broker Forecast - Jefferies International issues a broker note on Barclays PLC

Jefferies International yesterday reaffirms its buy investment rating on Barclays PLC (LON:BARC) and raised its price target to 263p (from 262p).