Barclays Share Discussion Threads

[manics] 18/2/2021 07:27

@truemagic68:

BARCLAYS - net profit of £3.1 billion on income of £21.8bn - RoE 3.2%, Tier One Capital 15.1% - Investment/ Corporate banking up 22% on revenue of £12.5 billion. Consumer banking/Barclaycard -22%. Impairment charges up from £1.9bn in 2019 to £4.8bn in 2020. CEO Jes Staley upbeat

[ttny2004] 18/2/2021 07:26

Why buyback - Maybe because the bank thinks that share price is very undervalued at current share price By shares purchase will be greater value to holders in long run compared to just all on dividends payout. Also perhaps as someone said because interest rates are very low they are moderating the dividend.

[portside1] 18/2/2021 07:24

I think we can now switch off for 6 months

[portside1] 18/2/2021 07:24

Stondyou It just shows you that the insiders yesterday new the results that is. Why the share price was flat

[manics] 18/2/2021 07:24

£3.1bn is a beat against £2.8bn forecast.

[manics] 18/2/2021 07:21

IB goes without saying:

"Corporate and Investment Bank (CIB) income of GBP12.5bn, up 22% due to strong Markets income"

[capercaillie] 18/2/2021 07:21

Buyback equivalent to 2.6 pence per share. Buybacks help reach option trigger prices for Directors.

[dr biotech] 18/2/2021 07:20

Buybacks do nothing for your average PI.

[jordaggy] 18/2/2021 07:19

1.40 open anyone?

[manics] 18/2/2021 07:18

5p equivalent. I wonder why the buyback? Divi limitations?

[klotzak] 18/2/2021 07:17

The banks were warned not to splash the cash, and s one has towed the line. The buy back needs to happen to maintain confidence in this bank.

[portside1] 18/2/2021 07:17

1p div and buying back shares starting now ,buying back £750mWhich is around 360m ,But directors getting there bonuses

[manics] 18/2/2021 07:15

The British bank said it would resume paying dividends of one pence per share, as well as returning capital via a £700 million buy-back

[ttny2004] 18/2/2021 07:14

Given the strength of our business, we have decided the time is right to resume capital distributions. We have today announced a total payout equivalent to 5p per share, comprising a 1p 2020 full year dividend and the intention to initiate a share buyback of up to GBP700m. We expect to comment further on capital distributions when appropriate.Barclays remains well capitalised, well provisioned for impairments, highly liquid, with a strong balance sheet, and competitive market positions across the Group. We expect that our resilient and diversified business model will deliver a meaningful improvement in returns in 2021."

[jordaggy] 18/2/2021 07:13

Given the strength of our business, we have decided the time is right to resume capital distributions. We have today announced a total payout equivalent to 5p per share, comprising a 1p 2020 full year dividend and the intention to initiate a share buyback of up to £700m. We expect to comment further on capital distributions when appropriate.

[manics] 18/2/2021 07:12

"up to..."

[klotzak] 18/2/2021 07:12

1p dividend? How could all the city analysts have got it so wrong?

[manics] 18/2/2021 07:12

A divi-in-kind?

[manics] 18/2/2021 07:12

Barclays Q4 20 Earnings:
- CIB Revenue: GBP2.64B (exp GBP2.52B)
- CET1 Ratio: 15.1%; (exp 14.4%)
- Announces Up To GBP700M Share Buyback
- Outlook Remains Uncertain

[robertball] 18/2/2021 07:11

700m share buy back? Surely a positive signal.