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.

UK and European banks are "in better shape than at any point" during the past 25 years, according to JPMorgan, and offer upside for investors. Overall, shares in the European and UK banks have risen 8% so far in 2024, with NatWest Group PLC (LSE:NWG), Barclays PLC (LSE:BARC) and Lloyds Banking Group PLC (LSE:LLOY) in the top three in the year to date.

UK & EU banks 'in best shape of last 25 years' - Barclays a top pick for these analysts

Vertex Pharmaceuticals

Vertex Pharmaceuticals, a leader in Cystic Fibrosis treatment, reported strong financials in Q2 but faces limited growth in CF due to high market penetration. Despite a GAAP net loss in Q2, Vertex remains highly profitable, with promising assets like Casgevy and Suzetrigine poised for future growth. Vertex's high valuation ratios suggest potential overvaluation, but its focused pipeline and blockbuster potential justify optimism for significant long-term revenue growth.

Vertex Pharmaceuticals: Is The Recent Barclays Downgrade Justified? I'm Not Convinced

NEW YORK--(BUSINESS WIRE)--Barclays today announces the appointment of Cathy Leonhardt as Global Head of Retail within Investment Banking. Ms. Leonhardt will be based in New York, and will report to Lowell Strug, Global Head of Consumer and Retail Group. Ms. Leonhardt has over 28 years of investment banking experience advising management teams and boards on strategically important domestic and cross-border transactions in the Consumer and Retail sectors. She joins Barclays from Solomon Partners.

Barclays Appoints Cathy Leonhardt as Global Head of Retail Within Investment Banking

Lloyds Banking Group

UK banks continue to trade well below their low-term ratings, according to analysts at KBW, which makes them attractive currently especially Lloyds Banking Group PLC (LSE:LLOY) and Barclays PLC (LSE:BARC). Overall UK banking data remains benign, adds the Stifel-owned broker, but UK volumes remain anaemic and non-interest bearing inflation looks under control; GDP growth revisions remain positive and initial indications from the first interest rate cut suggest a pass-through of 50% on both assets and liabilities Elsewhere, initial indications are that market volatility over the summer has been positive for trading revenues, though HSBC and Standard Chartered might have a currency headwind.

Lloyds and Barclays trading well below historic ratings, broker suggests

Two Wall Street bankers are joining Jasper Street Partners to build the firm's practice helping clients defend against activist investors by identifying vulnerabilities, navigating proxy contests and managing public pressure campaigns.

Former Moelis, Barclays activism defense bankers to build business at Jasper Street

Oslo, Norway (2 September 2024) – TGS, a leading global provider of energy data and intelligence, is pleased to announce that CEO Kristian Johansen will present at the Barclays CEO Energy-Power Conference in New York City on Tuesday, 3 September, 2024, beginning at 3:00 p.m. EDT.

TGS – Audio cast details for presentation at the Barclays CEO Energy-Power Conference

Barclays' stock (NYSE: BCS) has gained 58% YTD, as compared to the 18% rise in the S&P500 over the same period. In sharp contrast, Barclays' peer Bank of America (NYSE: BAC) is up 20% YTD.

Up 60% This Year, Is Barclays Stock In Overdraft Territory?

Barclays PLC's stock price has surged since our latest coverage in October 2022, but a changing interest rate environment necessitates a revised outlook. Recent results show a decline in group income. I believe retail and corporate banking might underperform toward the back end of 2024 and early 2025. Despite my concerns about Barclays' net interest income, key metrics suggest that the firm's investment banking unit might spike. Moreover, private banking and wealth management can provide sustainable growth.

Barclays: Still Undervalued With Fundamental Resilience

LONDON & NEW YORK--(BUSINESS WIRE)--Barclays today announces the appointment of Martin Douglass as Head of Financial Sponsors M&A. Mr. Douglass will be based in New York, and will report to Dan Grabos, Head of Americas M&A. Mr. Douglass will work in close partnership with JF Astier, Global Head of Financial Sponsors Group, and Christian Oberle, Head of Americas Financial Sponsors Group. Mr. Douglass has close to 15 years of investment banking experience and joins Barclays from Morgan St.

Barclays Appoints Martin Douglass as Head of Financial Sponsors M&A

TULSA, Okla.--(BUSINESS WIRE)--Williams CEO to Speak at Barclays Conference.

Williams CEO to Present at 2024 Barclays CEO Energy-Power Conference

Almost all of the 417 constituents of the MSCI Europe index of larger companies have reported so far in this earnings season (97% to be precise), and most of those that beat market expectations saw their shares rewarded with a good jump.  Not all of them, however.

Barclays among top stocks where recent results fell unfairly flat

The U.S. dollar may remain under pressure in the short term, but an extended decline is unlikely given structural support and because the market is already “max bearish,” according to Barclays.

The market is already maximally bearish on the dollar, Barclays says

Toronto, Ontario--(Newsfile Corp. - August 22, 2024) - TMX Group (TSX: X) CFO David Arnold will present at the Barclays Global Financial Services Conference on September 9, 2024. DATE: Monday, September 9, 2024 TIME: 3:30 p.m.

TMX Group CFO David Arnold to Present at the Barclays Global Financial Services Conference

HSBC Holdings

Three of the UK's largest banks have cut mortgage rates again as the battle for customers in recovering housing steps up a gear. Spanish-owned TSB has cut 0.25 of its two, three and five-year deals from tomorrow, both for existing homeowners and first buyers.

Barclays,TSB and HSBC cut mortgage rates again

Barclays PLC (LSE:BARC) is to continue to broker Israeli government bond auctions but has considered pulling out after pressure from pro-Palestinian lobby groups, a report in the FT claimed. The bank said it was "preparing a response" for Israel's latest request for bids on its next bond sale, with the source adding "That response is due next week.

Barclays looks at position in Israeli bond auctions - report

Barclays drew up plans to pull out of future Israeli government bond auctions as it reviewed its exposure to the country under pressure from pro-Palestinian activists, The Financial Times reported on Wednesday, citing people familiar with the matter.

Barclays planned to pull out of Israel's bond auctions under activist pressure, FT reports

Lloyds and Barclays share prices have held steady in the past few days as investors focus on the British economy. Barclays (BARC) stock was trading at 220p on Wednesday, 12% higher than this month's low of 196.30p.

Lloyds and Barclays share prices have risen in 2024: more upside?

Amazon

Barclays PLC (LSE:BARC) and Amazon.com Inc (NASDAQ:AMZN) have teamed up to create a new credit card which allows customers to receive gift vouchers in return for spending. Some of the largest rewards available come from purchasing products from the Amazon marketplace, with the cashback value available to be viewed via the Barclaycard app.

Barclays and Amazon team up to launch credit card

Barclays reported a solid set of 2Q24 numbers, upgrading FY24E net interest income guidance and announcing a further £750m share buyback. Management is happy with the early progress towards the FY26 financial targets announced earlier this year. Consensus forecasts for FY26E imply significant share price upside, but should be taken with a healthy pinch of salt.

Barclays: Heading In The Right Direction

KBW analysts remain optimistic about Barclays PLC (LSE:BARC) following “a strong set” of second-quarter results published last week. "We continue to like Barclays which remains materially undervalued against peers,” said KBW, although noting Barclays' higher cost of equity given its investment banking focus.

Barclays ‘materially undervalued' against peers, says KBW

NEW YORK--(BUSINESS WIRE)--Barclays today announces the hire of Stephen Stewart as Head of M&A Execution for Canada. Mr. Stewart is based in Toronto, and dually reports to Ryan Voegeli, Head of Investment Banking for Canada, and Dan Grabos, Head of Americas M&A. Mr. Stewart is responsible for the leadership of the Canadian M&A Investment Banking business. Mr. Stewart has over 15 years of investment banking experience, and joined Barclays from TD Securities, where most recently he wa.

Barclays hires Stephen Stewart as Head of M&A Execution for Canada

Barclays PLC (LSE:BARC) has scrapped the European Union-era bonus cap for its British-based bankers, according to a Reuters report. This move comes after the UK government relaxed restrictions post-Brexit, allowing financial institutions to set their own compensation frameworks.

Barclays scraps EU-era bonus cap for British bankers

Barclays has become the latest bank to drastically revise a cap on bonuses for its top bankers in Britain, an internal memo seen by Reuters showed on Thursday.

Barclays scraps EU bonus cap for British bankers

Barclays PLC (LSE:BARC) has cut the rates on several of its main mortgage products, including some below 4%.  From Thursday 8 August, the lender is reducing the rates on a selection of products across its residential purchase, remortgage and 'Reward' ranges.

Barclays follows HSBC in lowering mortgage rates post-BoE cut

RBC analysts have raised profit forecasts for Barclays PLC (LSE:BARC), suggesting structural hedge income is expected to be higher than previously thought following second-quarter results. Profit before tax is now expected to sit at £9.3 billion for 2025, against a previous forecast of £8.8 billion, RBC said in a note on Tuesday.

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