Barclays Share Discussion Threads

[isis] 16/4/2009 15:59

Smelgy has spotted with his Bum up against the window in the empty Woolworths in Basingstoke!

[isis] 16/4/2009 15:58

They will be saying sell all the way to a fiver.

Citi and BAC have both quadrupled in a month, sorry - Quintrupled!

[jaywood] 16/4/2009 15:55

Why is that different from earlier when you said it was 'going below 200p' within about an hour?

[montyhedge] 16/4/2009 15:53

HOPE YOU LOT TOOK SOME PROFITS BELOW 200P EASILY TOMORROW. OVERBOUGHT.

[isis] 16/4/2009 15:49

250p looks an easy target from here if Citi and BAC are OK plus a trading update from BARC.

Hedgies have gone long Banks.

[bluesbeater] 16/4/2009 15:46

maybe the dow is about to notice the ftse

[letsddp] 16/4/2009 15:46

This is a great stock to play, bloody perfect!!!!


Stock Holding Long long-term
Spread Bet Shorts for the dips

[gordonbrown] 16/4/2009 15:45

It looks like we are starting to see fund managers invest, all we need now is an increase offer for ishares or BGI news to arrive this weekend.

[bammbamm] 16/4/2009 15:45

Wonder when london is going to notice the dow??

[christh] 16/4/2009 15:44

BARC my target price for Friday 230p (sometimes I get it wrong)!

[christh] 16/4/2009 15:42

JPMorgan's $2.1bn profits boost financial shares

By Nicholas Paler
15:10:23
16 April 2009

US banking giant JPMorgan Chase continued the run of good numbers emerging from Wall Street after announcing better than expected profits, lifting UK banking stocks in turn.

Announcing its first quarter numbers, JPMorgan said it had achieved profits of $2.1billion in the first three months of 2009, down from last year's figure, but much better than the consensus expectation of around $1.4 billion.

The group - which was bailed out by the US government to the tune of $25 billion last October - also hinted that it was looking to repay the government as quickly as possible, in a move which mimics rival Goldman Sachs' remarks earlier this week.

CNN reported that the company's chief executive, Jamie Dimon, said his firm would like to repay money lent to it via the Troubled Asset Relief Program 'as soon as possible'.

The bank's numbers contributed as US shares rose in early trading, the Dow Jones Industrial Average up 25 points at 8,054.63 by 14:49pm, and the S&P 500 3.37 points firmer at 855.43.

It also propelled UK banks as investors hoped for similar numbers from institutions on this side of the pond, as well as pushing the FTSE 100 to near day highs, up 60.2 points at 4,028.6 points.

Lloyds Banking Group topped the blue chip leader board, up 9.6% or 8.1p, at 92.2p, while Royal Bank of Scotland put on 1.6p to 29.3p, and Barclays climbed 13.2p to 210p.

A trader said JPMorgan's numbers were strong, but warned that spiralling bad debts could affect the company going forward.


Manoj Ladwa, senior trader at ETX Capital, said: 'A great set of numbers in spite of the market but I would watch the credit card side of the business. Although funds have been set aside for any bad loans, with rising unemployment, you would expect credit cards bad debts to rise.'

JPMorgan's numbers follow Tuesday's announcement from Goldman Sachs, which delivered expectation-beating earnings numbers of $1.66 billion in the first quarter.

The bank also said it planned to raise $5 billion of common shares and use the proceeds, plus additional funds, to repay the $10 billion it got under TARP.

Elsewhere, the US also had good news on the jobs front, after revealing its weekly jobless claims had fallen by 53,000 to 610,000 last week.

However, the fall was tempered somewhat as the ongoing claimants figure - covering more long-term unemployment - rose to a new high above 6 million.

By 15:00pm, shares in the US had retreated from early highs however, with some investors said to be concerned about the quality of banks earnings. As a result the Dow pulled back someway, ahead by just 5.17 points to 8,035.03, and the S&P 500 dipped to 852 points, 0.06 points off opening levels.
UK shares held on to gains.

[nigelm2] 16/4/2009 15:41

Gnome monty

[muzoman] 16/4/2009 15:40

LOL Felix.

I agree; This guy has the manners of a monkey and the morals of an organ grinder.

[ball deap] 16/4/2009 15:39

Montyhedge is down thousands this year!!!! SO IS CRAIG666 WHO WAS BLOWN UP IN MARCH

[smurfy2001] 16/4/2009 15:38

mad, enlighten us...

We still got Citi results to come, and you know what will happen to the banking shares if they are good...

We already know Citi are doing well this quarter so l expect positive results....

Forget the indicators, RSI, etc., it's all down to sentiment.

[snakehead] 16/4/2009 15:37

too true freelunch...unlike monty tho who thinks by shouting he can make barc fall....desperation indeed.;-]

[lionheart79] 16/4/2009 15:35

both long and short eh madoff. your big news at the weekend going sideways is it

:/

[montyhedge] 16/4/2009 15:34

ITS NEARLY OVER FOR THE BARC BULL RUN, EVERYMAN AND HIS DOG HAVE BARC.

[blackbackedgull] 16/4/2009 15:34

madoff

spill the beans or say what you think is going to happen

[freelunch] 16/4/2009 15:30

I think snake whenever u think something is a shock.....it generally is and corrects itself. I got burnt this morning but am in again for another punt and already up.

[madoff with cash] 16/4/2009 15:29

you guys should clear your postiions befroe this wknd, especially margin ones, both long and short. .

[snakehead] 16/4/2009 15:28

this is really a shock...i didnt think it would crash but it just keeps rising.