Barclays Share Discussion Threads

[manics] 30/7/2021 09:02

An excuse to puke yet BARC has not.

[stutes] 30/7/2021 08:49

If tech stocks are being downgraded by City , how much risk are banks, especially US banks, are exposed to the tech sector?

[portside1] 30/7/2021 08:23

Why did they not hold shares in treasury to cover these options It seems bad management to buy then cancel and then buy more back .It does not make sense in my view The cost of doing this is wasted money

[portside1] 30/7/2021 08:03

Why not use the shares they are going to buyback instead of issuing more shares it does not make sense

[portside1] 30/7/2021 08:01

Rns barcs to issue 70.000.000 shares

[nick100] 30/7/2021 07:01

Jes Staley

Maybe just to add, between the £700 million buyback already executed in April, now the £500 million announcement, so the £1.2 billion of buybacks. And it’s really a – Barclays hasn’t engaged in the buyback program in many, many years. So this is a new thing. And I don’t think it’s a one-off. And with the level of profitability that we’re now generating and the capital levels that we have, if we have shareholders that are – that remain willing to sell stock at a discount to book value, we’re happy to buy it.

[johnwise] 30/7/2021 05:32

VIDEO

More Banks are Closing Accounts and Limiting Transactions- Are You Ready?

[johnwise] 30/7/2021 05:28

VIDEO

More Banks are Closing Accounts and Limiting Transactions- Are You Ready?

[jordaggy] 30/7/2021 02:30

Barclays outlook can get rosier, says Hargreaves

Barclays (BARC) has seen profits nearly quadruple after a fall in bad loan provision and, if economic conditions continue to improve, the outlook will be even rosier, says Hargreaves Lansdown.

The banking giant kicked off UK banks’ reporting season on a positive note as profits soared to £5bn in the first half of 2021 compared with £1.3bn last year, as it released money set aside to cover bad loans during the pandemic.

Analyst Nicholas Hyett said banks were still struggling against low interest rates, while customers and businesses are increasingly paying down higher interest accounts. On top of this, borrowing has fallen and a 10% fall in the value of the dollar versus the pound has undermined profits at the investment banking arm.

‘None of that matters all that much right now though. A huge swing in credit impairments has swept all before it in these results,’ said Hyett.

‘And that’s likely to be a theme for the rest of the year. So as long as the economic outlook continues to improve Barclays results will look rosier.’

The shares closed up 2%, or 3.4p, on Wednesday at 173p.

[johnwise] 29/7/2021 23:10

China Assuming New Dominance in Turkmenistan

But now, China is on the way to becoming the dominant outside power in Turkmenistan. The reasons for this rise in Beijing’s sway are manifold. First has been China’s already heavy involvement in Turkmenistan’s natural gas sector and transit routes through that country between China and Europe.


VIDEO: China's trillion dollar plan to dominate global trade

[johnwise] 29/7/2021 22:48

VIDEO

"As the month draws to a close, Andrew Maguire assesses the gold and silver markets ahead of tomorrow’s Options Expiry and marks his price expectations for the precious metals by year’s end."

[manics] 29/7/2021 16:05

Watch $HOOD IPO. Will be a giggle if nothing else.

[manics] 29/7/2021 12:11

Getting back to the session highs as posted yesterday on results.Feeling good imo.

[stutes] 29/7/2021 12:02

How much of the buyback is profit and how much comes from covid19 provisions (profit denied in the the form of dividend)? Buybacks seem to fail in boosting share price in the medium term - dividend growth and special dividend I think are better ways to boost share price. Buybacks show too many shares have been issued in the past.

[justalittlemore] 29/7/2021 11:39

Comment: Barclays beats forecasts, but won’t quite get triple cheers
Two and half cheers for Barclays, but not a resounding three huzzas, writes Nick Goodway.

Two and a half cheers for Barclays as it comfortably beat City forecasts with trebled first half profits on a scale we haven’t seen for a couple of years.
Barclays seems to be firing on all cylinders both as a UK retail bank, an international bank and an investment bank.
Two things particularly catch the eye. The £742 million release of bad debt provisions reflecting what at one time the bank assumed would be lending it had to write-off because of the pandemic is much higher than many people dared to hope.
The fact that investment banking fees are up 36% not on last year’s levels but on 2019’s is a clear demonstration that Barclays is not only benefiting from the current addiction to takeovers and flotations but is also winning market share from its rivals.
Deutsche Bank today and US rivals this week have all reported a dip in second quarter investment banking income.
So why not the final half a cheer to give Barclays a resounding three huzzas?
All shareholders will welcome the return to the dividend list. And, going by what the banks says, a 2p dividend now followed by a 4p final dividend at the end of the year would mean the shares are on a respectable prospective yield of 3.4%. You won’t find that kind of return on any of Barclays own savings accounts.
But 2p is against 2.5p paid in the first half of 2019 when the total dividend came to 6.5p. And before the pandemic and the Bank of England put the brakes on bank dividends the 2020 interim pay-out was 3p a share implying a full year dividend of 9p. That’s 50% more than this year’s likely outcome.
Private investors in particular have been starved of income from shares for the past 18 months.
They should have been given a special one-off dividend rather than the £500 million share buyback announced today.

[johnwise] 29/7/2021 11:26

VIDEO

"In this episode of Keiser Report, Max and Stacy look at the data showing ‘no resistance’ to price increases as money printing and stimulus checks encourage Americans to pay whatever the price is without negotiation".

The Fed Stays the Course as You Get Destroyed - Inflation Ignored

[qantas] 29/7/2021 09:52

Lloyds Banking Group rallied after saying it swung to an interim pre-tax profit of £3.9bn from a loss of £602m the year before, as it released £837m set aside for bad debts amid the Covid pandemic due to an improved UK economic outlook.

[justalittlemore] 29/7/2021 09:24

hxxps://www.fool.com/earnings/call-transcripts/2021/07/28/barclays-plc-bcs-q2-2021-earnings-call-transcript/

[johnwise] 29/7/2021 08:47

VIDEO

The Fed Stays the Course as You Get Destroyed - Inflation Ignored

[portside1] 29/7/2021 08:31

So ex div 12th aug a week after lloys

[stutes] 29/7/2021 08:30

I'm fearful that B's buyback is giving the market an excuse to mark shares up but once the buying is done who is left in the market as a major buyer?

[prbshares] 29/7/2021 08:16

Manics : interesting to see barcs range today ...

[manics] 29/7/2021 08:07

BARC back at it.