Barclays Share Discussion Threads

[johnwise] 25/10/2020 08:06

VIDEO

Trump holds 'Make America Great Again Victory Rally' in Wisconsin

[johnwise] 24/10/2020 20:10

VIDEO

Richard Tice: 'London is in real serious trouble...I don't think the mayor's got any idea'

Brexit Party chairman Richard Tice calls on the government to take Transport for London out of Sadiq Khan’s hands.

[m1k3y1] 24/10/2020 12:38

The Times
Lenders face longer ban on dividends

[manics] 24/10/2020 11:41

No trick or treat for Ed Bramson this Hallowe'en as Barclays campaign unravelsToday's results show Barclays is doing well despite a once-in-a-lifetime crisis; Bramson should sell his shares and disappear quietly.https://www.telegraph.co.uk/business/2020/10/23/no-trick-treat-ed-bramson-halloween-barclays-campaign-unravels/

[joestalin] 24/10/2020 09:41

'Barclays boss Jes Staley is holding on to his role for at least another two years after profits rebounded' - because he is running a business, not a charity!

[johnwise] 24/10/2020 08:11

VIDEO

Hannity: Biden finally tells truth with stunning debate confession

Sean Hannity calls the Democratic nominee's plan to 'transition' from oil and gas a jobs killer.

[johnwise] 23/10/2020 21:44

US Moves to Cast a Wider Net for Catching Money Launderers, Crypto or Otherwise

According to the rule change proposal, the Fed and the Financial Crimes Enforcement Network propose modifying the thresholds at which banks must collect and store fund transfer information, reducing it from $3,000 to $250 for any transfers that go outside the U.S. The proposal would also widen the agencies’ definition of “money” to explicitly include cryptocurrencies.

[manics] 23/10/2020 16:36

111.54 your end of day UT. Nicely above the close.

[bernie37] 23/10/2020 16:31

Bloomberg Opinion) -- The Covid-19 pandemic has been very good to Wall Street. Central banks and governments have shored up companies and markets, bolstering securities firms’ trading revenues to unprecedented levels. Nowhere has the bonanza been more consequential perhaps than at Britain’s Barclays Plc, vindicating Chief Executive Officer Jes Staley’s strategy of sticking with investment banking and buying him time in the job. The boon may not last, however.

Barclays on Friday said income from trading rose 29% to 1.6 billion pounds ($2.2 billion) in the third quarter — a surge that beat the average of Wall Street peers. The U.K. firm posted its best third quarter in buying and selling securities. Overall, it posted pretax profit of 1.1 billion pounds, ahead of analyst estimates. Provisions in the three months through September 2020 were lower than expected.

By some measures, Barclays is emerging from this stage of the pandemic stronger than when it went in. The bank has its highest ever capital and liquidity positions after creating a pot of 9.6 billion pounds of reserves for potential credit losses from the Covid-19 recession. Barclays has one of the healthiest balance sheets in its “modern history,” Staley said.

The sharp increase in securities revenue has helped the bank weather the hit from the economic contraction in the U.K. and the U.S. — markets where it has sizeable unsecured credit businesses. A less diversified Barclays may not have remained profitable.

And the bank is chipping away at the business of its investment banking rivals. Barclays estimates that it increased its share of trading activity among the biggest firms to about 5.1% in the first half, up from 3.6% in 2017. While some of its large U.S. peers are also growing (more slowly), its European rivals have been retreating from this business.

Hanging on to that market share will help once trading activity normalizes. But this boom in buying and selling stocks and bonds won’t last forever. Staley has had an element of good fortune in how the pandemic has benefited his investment bank, an area in which he’s keen to keep investing. But will things still look the same way once trading returns to its pre-Covid levels?

Shareholder activist Edward Bramson has called on Barclays to shrink its trading activities and focus on extracting more revenue from its corporate customers. In fairness, Staley is keen to invest in corporate banking, too, recognizing the bank’s weaknesses.

Asked about the longer-term outlook for trading, JPMorgan Chase & Co.’s Jamie Dimon said recently that the total pool of assets has grown, pointing to higher revenue for those who buy and sell them. He added that future revenues may as a result be better than previous years, but we “just don’t know.” Another senior banker told me 2021 may be only marginally better than 2019. Last year, returns at the Barclays investment bank were a drag on the group.

Staley said on Friday that it would be nice to be the CEO in “kinder winds,” after tackling the impact of the coronavirus and the firm’s restructuring. The trouble with trading is that sometimes it blows in the wrong direction.

This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.

Elisa Martinuzzi is a Bloomberg Opinion columnist covering finance. She is a former managing editor for European finance at Bloomberg News.

[tell sid] 23/10/2020 16:18

Up we go. More to come.

[pieffect] 23/10/2020 15:50

So does the rest of the England

[hellscream] 23/10/2020 15:21

funny that wales and scotland are in the hardest of lockdowns, yet both leach off london money.

[portside1] 23/10/2020 15:15

Back home spoons packed not comfortable Left a buy note with my account to buy barcs if they went back to 108 so not expecting it to be filled today

[johnwise] 23/10/2020 14:41

VIDEO

OFFICIALLY Lost Our Minds 🤪 Non Essential Madness 😡

[manics] 23/10/2020 14:40

Great day though the dignity level remains 160p. 112p is not to be cheered at.

Look like New York have spat our their caramel frappuccinos and want to take it back down a bit.

[johnwise] 23/10/2020 14:17

They're all competing to see who can completely crash their economy first.


Nicola Sturgeon warns Scotland her new FIVE Tier lockdown will see some pubs and businesses close permanently and could cost people their jobs - and warns her Government could run out of money unless Boris and Rishi Sunak hand over more Westminster cash

[johnwise] 23/10/2020 13:37

Governor of Bank of England outlines strong demand for green investment

Governor of the Bank of England Andrew Bailey has told of strong demand to invest in climate change technology, with one of his key priorities making sure the mechanisms are right to do so.


GLOBAL WARMING A SCAM

THERE IS NO GLOBAL WARMING

Video: The truth about global warming


VIDEO: A Dearth of Carbon Dr. Patrick Moore


VIDEO: European Parliament Told 'There is No Climate Emergency!'

[manics] 23/10/2020 11:30

portside1: I don't doubt you hold a gagillion BARC, but the London Stock Exchange absolutely confirms that you did not buy 37k shares Friday 10th October. Through my own hard work, I don't have room for fiscal jealousy. I just don't like seeing the community lies to, that's all.150p BARC your 2021 new years day call.