Barclays

Barclays PLC is a global financial services company that provides various financial products and services worldwide. It is engaged in retail banking, credit cards, corporate and investment banking, and wealth management with an extensive international presence in Europe, the Americas, Africa, and Asia. The company offers current accounts, savings products, Woolwich-branded mortgages, unsecured loans, general insurance, and banking and money transmission services to small- and medium-sized businesses; investment and insurance products; business lending services; bank assurance solutions; and retail, credit and debit card, and corporate services. It also offers international payments services for consumer and business customers, including credit cards and consumer lending services; investment banking services comprising strategic advisory, financing, and risk management services to large corporate, government, and institutional clients; integrated corporate banking solutions, including cash management, lending, and trade financing services to corporate and financial institutions as well as multinationals; and a range of wealth and investment management services such as international and private banking, investment management, fiduciary, and brokerage services. With over 300 years of history and expertise in banking, Barclays operates in over 50 countries and employs more than 147,500 people. Barclays moves, lends, invests, and protects money of more than 48 million customers and clients worldwide. The company was formerly known as Barclays Bank Limited and changed its name to Barclays PLC in January 1985. It was founded in 1896 and is headquartered in London, United Kingdom.

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Barclays Plc operates as a bank holding company, which engages in the provision of retail banking, credit cards, corporate and investment banking, and wealth management services. The firm operates through Barclays UK and Barclays International segments. The Barclays UK segment consists the U.K. retail banking operations, U.K. consumer credit card business, U.K. wealth management business and corporate banking for smaller businesses. The Barclays International segment includes corporate banking franchise, the investment bank, the U.S. and international cards business and international wealth management. Barclays was founded on 1690 and is headquartered in London, the United Kingdom.

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The Federal Reserve meeting on January 31 announced another decision to keep its interest rate target at 525-550 basis points (bps) or 5.25-5.50%. This was the overall expected outcome since the last meeting.

Investor Alert: Fed's hint at March interest rate sparks panic in markets

Barclays plc is sounding out private equity firms about taking a majority stake in its UK merchant payments business, after overtures to trade buyers yielded muted interest, three people familiar with the matter said.

Barclays shifts focus to buyout firms for UK payments business sale – sources

Barclays is facing being barred from taking part in municipal bonds issued in Texas after being classified as a ‘fossil fuel boycotter' by the US state. Ken Paxton, the state's Attorney General, said the UK lender had not responded to questions about its pledges to cut greenhouse gas emissions.

Barclays receives Texas loan ban for being too ‘woke'

Texas officials have banned Barclays from participating in the state's municipal bond market because of concerns about its environmental, social and governance policies.

Texas Bans Barclays From Participating in Bond Market Due to ESG Commitments

Texas Attorney General Ken Paxton on Friday said Barclays bank would not be permitted to underwrite municipal bonds after failing to respond to questions from state authorities about its pledges to cut greenhouse gas emissions.

Texas bans Barclays from local govt debt business over ESG concerns

China's supportive policies and improving economic data in Europe will boost European luxury companies, Barclays said on Friday, raising its rating on the sector to "overweight".

Barclays upgrades European luxury sector to 'overweight' on China rebound bets

Barclays has seen an improvement in its growth trajectory in the last five years, primarily due to a combination of higher interest rates and investment banking tailwinds. This appears to have slowed following greater economic uncertainty and headwinds from contractionary policy, although Barclays is positioned well to maintain its fundamental improvements. Management has progressively improved its profitability while maintaining a competitive retail and corporate banking business. With a ROE exceeding 10%, we believe it has turned a corner.

Barclays: 0.4x Book Value While Profitability And Quality Improve

Barclays' strategic review, to be announced on 20 February, can be the catalyst for a re-rating of the bank after years of underperformance, according to analysts at US rival JP Morgan.  “The bank has traded at a material discount to tangible book for over a decade, with the equity story out of favour with many investors, but at current valuations, we believe that the stock retains significant upside potential which can be unlocked.

Barclays strategy update to spark overdue re-rating, suggests US bank

Barclays has received an earnings downgrade from broker Shore Capital ahead of its full-year results on 20 February. The broker has kept its buy recommendation but chopped its earnings and dividend expectations by 9% to 27.2p and 8.2p respectively.

Barclays downgraded ahead of results on investment bank concerns

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Investors should pass on shares of Ericsson and Nokia, say Barclays analysts who downgraded both telecom equipment providers, citing unappealing valuations and struggling radio access networks (RAN).

‘Downcycle not over.' Nokia, Ericsson shares tumble after downgrades at Barclays.

Barclays (LON: BARC) share price has sold off sharply in the past few days as investors digest the ongoing bank earnings season. The stock retreated to a low of 140p on Thursday, about 10% below the highest point this year.

Barclays share price is highly undervalued, CEO says

Barclays CEO C.S. Venkatakrishnan is looking to use the lender's first investor day in a decade to show shareholders it can replicate the success of its investment bank across other divisions to create a stronger, more balanced lender.

Barclays CEO Venkat says pursuing 'more balanced' bank to boost returns

Former Barclays veterans Bob Diamond and Rich Ricci are joining forces in an all-share merger of Panmure Gordon and Liberum, the firms said on Tuesday, creating Britain's largest independent investment bank amid an extended dealmaking slump.

Ex-Barclays bankers Diamond, Ricci reunite in merger of UK's Panmure and Liberum

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Are Lloyds Bank and Barclays worth double their current market value? They just might be according to the latest piece of analysis by Boston Consulting, which has calculated that global banks could boost their combined market value by US$7 trillion over five years.

Bank stocks can double in value suggests US consultant Boston

LONDON & NEW YORK--(BUSINESS WIRE)--Barclays today announces that it is establishing a new Energy Transition Group, within its Corporate and Investment Bank. The new group will be responsible for providing strategic advice to clients as they explore potential energy transition opportunities. “At Barclays, we have long believed the energy transition will effectively re-shape how businesses and the world are thinking about the transition to net-zero,” says Cathal Deasy, Global Co-Head of Investme.

Barclays establishes new Energy Transition Group to support clients on the path to net zero

Barclays lowered its Brent crude prices forecast for this year by $8 to $85 per barrel due to higher supply, but noted that oil looks undervalued.

Barclays cuts 2024 Brent price forecasts on higher supply

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Barclays PLC (LSE:BARC) and Banco Santander (LSE:BNC) are the latest major lenders to slash mortgage rates.  Today, Barclays is expected to cut rates by up to 0.5 percentage points on products targeting homebuyers, including new two-year fixed-rate deals.

Barclays, Santander slash mortgage rates

Two of the UK's largest mortgage lenders have cut their mortgage rates following similar moves by rivals. Barclays and Santander have both cut rates by about half of a percentage point on various products notably on two-year fixed mortgages.

Barclays and Santander follow rivals in slashing mortgage rates

Barclays PLC (LSE:BARC) cut 5,000 jobs over the course of last year in a bid to cut costs and as “technology and automation” improves. Marking the most substantial cuts at the bank since the 2008 financial crisis, reductions are said to have taken the form of both redundancies and vacancies, as per Sky News.

Barclays ditches 5,000 jobs as ‘automation capabilities' improve

Barclays reportedly laid off about 5,000 workers in 2023 as part of a cost-cutting campaign. A spokesperson for the British bank told Reuters Monday (Jan. 8) that most of those cuts happened in Barclays Execution Services, the company's support unit.

Barclays' 2023 Layoffs Reached 5,000 as Banks Cut Back

The majority of the cuts fell in Barclays Execution Services, the bank's support unit.

Barclays slashed 5,000 jobs last year in major cost-cutting drive

Barclays is in the process of removing 5,000 roles from its global workforce in recent months as part of a renewed push by executives to slash costs and improve the bank's profitability, Sky News reported on Monday.

Barclays cutting around 5,000 jobs - Sky News

Barclays' stock (NYSE: BCS) has gained 1% YTD, as compared to the 2% drop in the S&P500 over the same period. Further, it is currently trading at $8 per share, which is 9% below its fair value of just under $9 – Trefis' estimate for Barclays' valuation.

Barclays Stock Trailed S&P 500 By 23% In 2023, What Happens Next?

LOS ANGELES, CA / ACCESSWIRE / January 5, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Barclays PLC ("Barclays" or "the Company") (NYSE:BCS)(OTC PINK:BCLYF) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's securities between July 22, 2019 and October 12, 2023, inclusive (the "Class Period"), are encouraged to contact the firm before January 2, 2024.

SHAREHOLDER ACTION ALERT: The Schall Law Firm Encourages Investors in Barclays PLC with Losses of $100,000 to Contact the Firm

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The United States economy has pumped out two consecutive quarters of real GDP growth because it is still very positive even after you adjust for inflation. This is good for stocks but better for certain stocks, such as those exposed to the consumer discretionary cycle.

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