Barclays Share Discussion Threads

[gcom2] 17/4/2009 11:12

lloyds is breaking out

[ball deap] 17/4/2009 11:11

where is montyhedge??????;-)

[poppadomonlinedotcom] 17/4/2009 11:09

took some profit

[mgrimm] 17/4/2009 11:09

citi results driving it - come on elts break £3.00

[smurfy2001] 17/4/2009 11:07

The fact that Citi has not made a bigger loss is great news.

Market sentiment in banking is far more positive and stock is still cheap.

I'm looking forward to the AGM next week...

[craddo] 17/4/2009 11:07

£1.2 made so far...niceeeee.

[craddo] 17/4/2009 11:06

Niccceeeeee......on to the next deal.

[baracuda2] 17/4/2009 11:05

Just got back in, whats driving this, has there been any news and is it worth holding? Thanks for any comments

[veryhappy] 17/4/2009 11:04

I am now adding name of Monty to the following for free food outside my house

Smelgy
BLAP
madoff without cash
Sandy Chen

Who is next?

:>

[smurfy2001] 17/4/2009 11:01

228 - Nice!

Could hit my 236p target sooner then l thought.

[bluesbeater] 17/4/2009 10:59

US banking giant Citigroup has reported a net profit of $1.6bn (£1.1bn) for the first three months of 2009.

The figure was better than expected and marked a sharp turnaround from the same period last year when it suffered a $5.1bn loss.

The US Treasury holds a 40% stake in the bank, which has received a $45bn government bail-out.

Citigroup said it had cut the size of its workforce to 309,000 people from 374,000 at its peak.

from the Beeb!

[gordonbrown] 17/4/2009 10:57

NEW YORK (AP) -- Citigroup says the first quarter of 2009 was much better than last year's. The bank is reporting a loss to common shareholders of $966 million after massive loan losses and dividends to preferred stockholders.

But before paying those dividends, the bank is posting net income of $1.6 billion.

Overall, Citigroup's results are better than expected. The company reported a loss per share of 18 cents, which was narrower than the 34 cents analysts predicted.

A year ago, Citigroup suffered a loss of more than $5 billion.

Citigroup has been one of the weakest of the large U.S. banks. But in March, CEO Vikram Pandit triggered a stock market rally after he said that January and February had been profitable for Citigroup.

[bluesbeater] 17/4/2009 10:57

citi already reported at 11.30 better than expected

[gordonbrown] 17/4/2009 10:55

pradip44 think you sold out too early, Barclays will be driven north when Citi reports this afternoon and carried higher next week with BAC on Monday and AGM rally. Also next week stress test results will push sector even higher.

Global gov. have a massive vested interest in seeing the banking sector recover, so the rally / sentiment will change as the bull market is confirmed.

DYOR / IMHO

[bluesbeater] 17/4/2009 10:53

better wait for that profit, the weekend and the AGM should take this higher along with divi reinstatement, even if small will have a huge psychological boost for holders and bring more pension funds in, let them do the work for us and enjoy the ride

[pradip44] 17/4/2009 10:49

I have sold out and took some profit .. waiting to get back in where are the short people when you need them >

[diku] 17/4/2009 10:48

sr2day...exactly...and the goal posts tends to be wider on a much lower expectations!...a bit like an own goal!...

[sr2day] 17/4/2009 10:44

do not chase the banks.there is still unfinished business on the downside.goalposts have been moved states side,hence quarterly results above expectations.back to the old ways of sweping underthe carpet.stress tests not to be made public and so on. so expect a big retracement regarding banks.

[volsung] 17/4/2009 10:40

Is Monty back from golf yet? LOL

[smurfy2001] 17/4/2009 10:38

Better then expected guys... Loss was predicted to be worse.

[poppadomonlinedotcom] 17/4/2009 10:37

is it good or worse?

[bluesbeater] 17/4/2009 10:36

both better than expected?

[mjc70] 17/4/2009 10:34

GE Reports 1Q Profit of $0.26 a Share Vs. $0.21 Est.; Citi Reports Loss of $0.18 Vs. $0.34 Loss Est.

[smurfy2001] 17/4/2009 10:31

Buy order filled!