Barclays Share Discussion Threads

[gordonbrown] 14/4/2009 06:54

madoff with cash sentiment is driving the banking sector north, with talk of BGI being sold off Barclays will continue to rise through 200p.

[gordonbrown] 14/4/2009 06:52

cottlet as I suggested back in Dec08 the gov now has a huge vested interest in the banking sector so it will recover very quickly so that GB can call an election.

[maxwellman] 14/4/2009 06:52

write downs - repossed propoerties etc - who owns them ?

[madoff with cash] 14/4/2009 06:51

meredity whitney, who first called citi div cut, is now saying there will be another onslaught in credit divisions. some have been paying mortgage with credit cards.

[madoff with cash] 14/4/2009 06:49

woolwich tracker rate customers are paying next to nothing for #150K loan. do the maths. retail is ok for all banks, except mortgage-specialized like b&b though arrears and defaults are set to rise, just look at jobless rates. but the real problem lies at products with contigent liablities (also known as toxic assets)which banks are holding and can't rid itself off. your govt is dumping on its citizens to save banks.
assume $100B loan book. just imagine 1,5% write-down and $1.5B is gone. write-down could average up to 10% at its peak. and you do the maths.

[cottlet] 14/4/2009 06:47

The first indication of banks making profits was Citigroup when they announced a stonking Jan and Feb becasue of the money made in the difference between the interest rates, i.e. what was being paid to savers .5% and what was being charged to borrowers 5% plus. Not difficult to see that banks have made money yet again in the last 3 months.

[gordonbrown] 14/4/2009 06:46

been on holiday for Easter week and haven't missed this board, the doom and gloomers are still posting even with the share price heading north, US banks posting profits and talk of BGI being sold off.

The last point (BGI) will result is a massive jump in share price today.

well done those who kept the faith.

[adg] 14/4/2009 06:40

has nobody put together other basics yet?
base rate = 0.5%
libor = 1.5% (ish)
majority of mortgage products still 4% to 6%
majority of loan products 7% to 12%

RETURNS TO DEPOSITORS 0% TO 2.5%

do the maths....

one more reason why results will be strong

[maxidi] 14/4/2009 06:24

madoff
finished painting your... ' THE END IS NIGH ' posters yet. Seen you on Oxford street I think !!!

[madoff with cash] 14/4/2009 06:17

boys, we have almost un-interrupted economic growth, peace, stability, low-inflation in most parts of the globe for more than half a century now. but these are set to change. the outlook of the world looks more and more uncertain. there are likely to be war, hope they are not nuclear ones, definitely scarcer resources which will push up prices of everything. there will be shortages of most of the things that we now take for granted. and the scramble for scarce resources is bound to lead to war. the world is poised for crises of various kinds, terrorism, food shortages, currency crisis, etc. be prepared for them.
i wouldn't want to own shares in this climate.

[bodg] 14/4/2009 05:09

Goldman Sachs sees strong results

Goldman Sachs has reported a $1.8bn (£1.2bn) net quarterly profit, beating analyst expectations and a day early.

In contrast, the previous quarter had seen the firm post its first quarterly loss since going public in 1999.

The bank also said it would place $5bn worth of its stock on the market, to raise funds to repay an emergency $10bn loan provided by the US government.

Some analysts say the earnings results, could suggest the worst could be over for finance firms.

Last week US bank Wells Fargo surprised investors by saying it expected a record net profit for the quarter.

'Competitive advantage'

The earnings per share in the three months to 27 March were $3.39, around double that forecast by analysts.

Keith Wirtz, president of Fifth Third Asset Management, said: "The simple fact that they doubled expectations is really great news. It's another sign, another brick on the wall that the financial sector has gone through the worst."

Analysts also said it showed how Goldman Sachs had managed to exploit recent volatile economic conditions, and the less crowded marketplace.

Analyst Gary Townsend, chief executive officer of Hill-Townsend Capital, added: "I think for [Goldman Sachs] the principal issue is going to be how much of the market they are seizing in the absence of competitors that have fallen by the wayside.

"What we are seeing here is the competitive advantage that Goldman has, asserting itself as others have disappeared."

Revenues for the first quarter hit $9.43bn, boosted by the strength of its fixed income and currency departments. The investment banking division meanwhile saw its revenues fall for the period.

Lloyd Blankfein, the bank's chairman and chief executive, said: "Given the difficult market conditions, we are pleased with this quarter's performance."

[grigor] 14/4/2009 00:00

After Wells Fargo, another US bank with good results

[gcom2] 13/4/2009 23:58

Smelgy! , bollucks
READ the numbers out of us/china
you sick diseased bear

[smelgy] 13/4/2009 23:48

........just looked in after making (even more) money.

Tell you what ejohn3 - I'll ban myself from this thread if that suits you.

I'll only come back here (and gloat) when my predictions have come true. This will end in tears, as it will for all financials. Only precious metals are the true future in the coming years. Mark my words.

I'll see you all at the other side of 50p.

Give my regards to MikeStamp and change12.

[smelgy] 13/4/2009 23:26

.....GGGGOOOOOOOOOOODDDDDDDDDDNNNNNNNNNNNIIIIIIIIIIIIGGGGGGGHHHHHHHHTTTTTTTTT

[smelgy] 13/4/2009 23:18

..........could be a thread about trading places. Maybe VERYHAPPY and change12 share the same park bench.

[smelgy] 13/4/2009 23:17

......still not to worry. In the medium and long term we know what will go up. And it certainly wont be BARC.