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.

Earnings data Q1 2021

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Earnings data Q4 2021

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Earnings data Q3 2022

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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.

BofA Global Research downgraded Barclays to underperform on Thursday, citing uncertainty over the UK bank's restructuring and near-term risks to capital distributions.

Barclays downgraded by BofA on restructuring uncertainty

Barclays is shrinking its U.S. consumer banking division as it looks to lower costs.  “We recently streamlined and simplified our U.S. Consumer Bank operating model, which has regrettably resulted in a limited number of roles being made redundant,” a spokesperson for the British banking giant said in a statement to PYMNTS Wednesday (Oct. 25).

Barclays Will Cut 3% of U.S. Consumer Banking Staff

Barclays Plc is laying off dozens of staff in its U.S. consumer banking division as part of a global drive to cut costs, according to a source familiar with the situation.

Exclusive: Barclays to lay off dozens of US consumer employees - source

Barclays PLC (LSE:BARC) is still the “cheapest bank around” even after Tuesday's post-results downgrades which saw the shares sliding 6.5% to lows not seen since March. Against this backdrop, UBS's analysts remained bullish, saying Barclays stock is still “worth owning”.

Barclays "still the cheapest bank around", top research team reckons

Barclays shares fell by as much as 2.4% in early trading on Wednesday, briefly on course for their biggest two-day drop since turmoil engulfed the global banking sector in March.

Barclays shares slide for second day

Barclays announced a slightly better-than-expected 16% decline in third-quarter profits against a "mixed market backdrop." The U.K. bank also lowered its full-year outlook for net interest margin.

Why Barclays Stock Plunged Today

Bankers' bonuses will no longer be capped from next week, City regulators have announced, as another European Union rule is scrapped after Brexit. Under the current rules, introduced in 2014, bonus payments are limited to twice a banker's salary.

Bankers' bonus cap scrapped

Barclays (BCS) records a rise in revenues and marginally higher expenses in the third quarter of 2023.

Barclays (BCS) Q3 Earnings Decline Y/Y Despite Higher Revenues

Barclays PLC (BCS) Q3 2023 Earnings Call Transcript

AstraZeneca

Employers which pay staff the Real Living Wage (RLW) will have to find an extra 10% after it was increased to £12 in the UK and £13.10 in London on Tuesday. Providing workers with a salary that is independently calculated by think tank Resolution Foundation and is based on what is required for people to live on, the Living Wage Foundation has always offered a wage which is greater than the government's national living wage.

Barclays and AstraZeneca up staff pay as Real Living Wage increases

Barclays led U.K. banking stocks lower on Tuesday, after the London-listed lender posted a sharp fall in third-quarter profits and warned that a strategic review would lead to large cost cuts.

Barclays drags down U.K. bank stocks after warning on net interest margins

Barclays PLC (LSE:BARC) beat profit forecasts in the third quarter driven by a strong performance by its credit card business but flagged further actions may be needed to tackle costs. Revenue in the bank's corporate and investment bank missed expectations and Barclays reduced its outlook for net interest margin this year to between 3.05% and 3.1%, having already cut this guidance in July.

Barclays profit beat forecasts but flags further cost cuts

Barclays said its profit for the third quarter dipped slightly from a year ago, nonetheless beating expectations as strong performance in its consumer and credit cards business offset sliding revenues in its investment bank.

Barclays third-quarter profit narrowly beats forecasts

Barclays on Tuesday reported a net profit of £1.27 billion ($1.56 billion) for the third quarter, slightly ahead of expectations as strong results in its consumer and credit cards businesses.

Barclays narrowly beats profit forecasts on strong consumer, credit card business

NEW YORK--(BUSINESS WIRE)--Barclays today announces the appointment of Ian Woods as Vice Chairman, Industrials Investment Banking. Mr. Woods will lead Barclays' efforts with our Building Products and Distribution clients and be based in New York. He will report to John Lange, Global Head of Energy and Global Co-Head of Industrials Investment Banking, and Spyros Svoronos, Global Co-Head of Industrials Investment Banking. Mr. Woods joins Barclays from Deutsche Bank where he was most recently a Ma.

Barclays appoints Ian Woods as Vice Chairman, Industrials Investment Banking

Lloyds Banking Group

City Minister Andrew Griffith is scheduled to meet with some of Britain's largest banks to discuss the possibility of extending the Treasury's mortgage guarantee scheme into the next year. As reported in Sky, the meeting is expected to occur within the next fortnight, as the government seeks to show support for first-time homebuyers in the lead-up to the Chancellor's autumn statement in November.

Major City lenders including Barclays and Lloyds summoned to mortgage guarantee talks

NEW YORK , Oct. 21, 2023 /PRNewswire/ -- WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Barclays PLC (NYSE: BCS) resulting from allegations that Barclays may have issued materially misleading business information to the investing public. SO WHAT: If you purchased Barclays securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

BCS LOSS ALERT: ROSEN, A LEADING LAW FIRM, Encourages Barclays PLC Investors to Inquire About Securities Class Action Investigation - BCS

HSBC Holdings

NatWest Group plc 

As we approach the third-quarter earnings season for UK banks, investors are likely to find a continuation of previous quarter's trends for domestic players, Lloyds, Barclays and NatWest. Expect to see ongoing mortgage margin pressure and an unfavourable deposit mix, counterbalanced by benefits from hedge income and benign credit conditions, analysts said.

What to watch as UK banks report Q3 results in the coming week

Shares in Barclays PLC (LSE:BARC), which reports results on Tuesday 24 October, are pretty much exactly where they were a year ago, even though interest rates are decidedly not and profits have been solid for the past two years.  For the third quarter, the City is expecting pre-tax profit of roughly £2.0 billion, flat compared to second quarter of this year and roughly the same as the third quarter of last year.

Barclays: will loan growth have slowed and loan losses risen more in latest quarter?

NEW YORK--(BUSINESS WIRE)--Barclays today announces the appointment of Jed Brody as a Managing Director and Head of Americas Healthcare Banking. Mr. Brody will be based in New York, and report to Rick Landgarten, Global Head of Healthcare and Real Estate Investment Banking. Mr. Brody rejoins Barclays from Leerink Partners (formerly SVB), where he was a Senior Managing Director. Prior to joining SVB in 2021, Mr. Brody was at Barclays. During his career Mr. Brody has worked on a number of notable.

Barclays appoints Jed Brody as Head of Americas Healthcare Banking

Barclays (BCS) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Should You Buy Barclays (BCS) Ahead of Earnings?

Barclays on Friday named investment banking veteran Geoffrey Belsher as chairman and country chief executive officer for Canada, effective Oct. 16.

Barclays appoints Geoffrey Belsher as new Canada CEO

NEW YORK--(BUSINESS WIRE)--Barclays today announces the appointment of Geoffrey Belsher as Chairman and Country Chief Executive Officer for Canada, effective Monday 16 October and subject to regulatory approval. Mr. Belsher will be based in Toronto and report dually to Richard Haworth, CEO of the Americas and Cathal Deasy and Taylor Wright, Global Co-Heads of Investment Banking. As Chairman and Country CEO, he will be a local leader for Barclays in Canada, responsible for executing the country.

Barclays appoints Geoffrey Belsher as Chairman and Country Chief Executive Officer for Canada

UK stocks have performed well despite a strong US dollar, with the iShares MSCI United Kingdom ETF outperforming the S&P 500 in the last year. Barclays, one of the largest Financial sector holdings in the ETF, has a low valuation, high yield, and potential net income growth turnaround story in 2024. The stock's technical chart shows resistance just above the current price, but it is a classic value play with a decent yield in my view.

Barclays: Macro Risks Weigh, Buybacks Help, Shares Are A Value

NEW YORK--(BUSINESS WIRE)--Barclays today announces the appointment of Michael Del Giudice as Chairman of Financial Sponsors Group. Mr. Del Giudice will be based in New York and report to Jean-Francois Astier, Global Head of Financial Sponsors Group. Mr. Del Giudice joins Barclays with over 30 years of investment banking experience. He was most recently a senior Managing Director in Citi's Global Asset Management group, having joined one of its predecessor firms, Smith, Barney, Harris Upham, in.

News for Barclays Stock (BCS)