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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Are Investors Undervaluing Barclays (BCS) Right Now?

Barclays PLC (NYSE:BCS ) Q2 2024 Earnings Conference Call August 1, 2024 4:30 AM ET Company Participants C.S. Venkatakrishnan - Group Chief Executive Anna Cross - Group Finance Director Conference Call Participants Alvaro Serrano - Morgan Stanley Joseph Dickerson - Jefferies Benjamin Toms - RBC Guy Stebbings - BNP Paribas Amit Goel - Mediobanca Edward Firth - Stifel Chris Cant - Autonomous Robin Down - HSBC Andrew Coombs - CitiGroup Operator Welcome to Barclays Half Year 2024 Results Analyst and Investor Conference Call.

Barclays PLC (BCS) Q2 2024 Earnings Call Transcript

An increase in credit impairment charges hurt Barclays' (BCS) Q2 results, while higher revenues and a fall in expenses act as tailwinds.

Barclays (BCS) Q2 Earnings Fall Y/Y, 2024 NII View Raised

Barclays PLC (LSE:BARC) said it plans to launch a £750 million share buyback and return at least £10 billion of capital to shareholders by 2026 as reported profits above expectations and "good progress" on its three-year strategic plan. Profit before tax for the first half of the year came to £4.2 billion, down from £4.6 billion a year ago, as second-quarter profits came in at £1.9 billion, well above the £1.6 billion average analyst forecast.

Barclays profit beats forecasts, plans £10bn of shareholder returns by 2026

The British lender is undergoing a major restructuring program in a bid to boost profits.

Barclays profit dips in the second quarter, beats estimates

Barclays reported a lower than expected 9% fall in first half pretax profit, as a strong performance from its investment bank compensated for falling revenues elsewhere.

Barclays reports first half profit falls 9%, less than feared

NEW YORK--(BUSINESS WIRE)--Barclays Bank PLC (the “Issuer”) announced today that, in connection with its previously announced cash tender offers (each, an “Offer”) to purchase any and all of its outstanding exchange-traded notes (the “Notes” or the “ETNs”) of the six separate series listed in tables below (each, a “Series”) and the solicitation of consents (each, a “Consent Solicitation”) from holders of the Notes (the “Noteholders”) to amend certain provisions of the Notes with respect to each.

Barclays Bank PLC Updates Announcement of 6 Cash Tender Offers and Consent Solicitations

NEW YORK & LONDON--(BUSINESS WIRE)--Barclays today announced the appointment of Jonathon Traer-Clark as Head of Americas for its Global Transaction Banking business.

Barclays Appoints Jonathon Traer-Clark as Head of Americas for Global Transaction Banking

HSBC Holdings

HSBC Holdings PLC (LSE:HSBA) interims mark the swansong of Noel Quinn as chief executive so there shouldn't be any nasty surprises. Quinn departs on 2 September with Georges Elhedery, its current chief financial officer, promoted to the CEO role.

Barclays and HSBC expected to round off bank week in style

Lloyds Banking Group

NatWest Group plc 

Barclays PLC (LSE:BARC), NatWest Group PLC (LSE:NWG), Lloyds Banking Group PLC (LSE:LLOY) and other UK banks have provided the National Court Agency with customer data as part of plans to tackle "dirty money" flowing through the company's economy.  The project, which is the largest of its kind in the world, is set to take on criminal gangs and money laundering, which is estimated to cost the economy some £350 billion every year.

Lloyds, Barclays and NatWest share client data in 'dirty money' crackdown

Barclays is winning business from its top Wall Street rivals in prime brokerage, a lucrative investment banking battleground where lenders are battling to serve hedge funds in an array of increasingly complex trades.

Exclusive: Barclays reaps hedge fund riches in battle of the prime brokers

Does Barclays (BCS) have what it takes to be a top stock pick for momentum investors? Let's find out.

Barclays (BCS) is a Great Momentum Stock: Should You Buy?

Former Barclays CEO John Varley has been ordered by a London tribunal to give evidence at the British bank's appeal against a 50-million pound ($65-million) fine over its 2008 fundraising with Qatar.

Former Barclays CEO told to testify in appeal over Qatar fundraising fine

Barclays on Monday asked London's High Court to more than halve a shareholders' lawsuit worth up to 560 million pounds ($720 million) accusing the British bank of misleading the market about its private "dark pool" trading platforms.

Barclays tries to slash UK investors' $720 mln 'dark pool' lawsuit

Unilever

Unilever PLC (LSE:ULVR) second quarter might see it beat expectations for a third period running, suggest analysts at Barclays. This ‘hat-trick' would be represented by organic sales growth (OSG) of 4.4% split between volumes of 2.9% and price hikes of 1.5%.

Unilever reaping 'very powerful' costs tailwind, Barclays suggests

Reckitt Benckiser Group PLC

Reckitt Benckiser Group PLC (LSE:RKT, ETR:3RB) half-year update on Wednesday (24 July) will see infant formula litigation remain the dominant factor, analysts at Barclays believe. One of the investment problems is that the is little visibility on the timing of any resolution, says the bank.

Reckitt Benckiser needs to draw line under infant formula litigation, says Barclays

Former PIMCO CEO Mohamed A. El-Erian will step down from the board of Barclays , the British bank said on Friday, following his appointment as chair of sportswear brand Under Armour Inc.

Barclays says ex-PIMCO boss El-Erian to step down from board

Shares in Lloyds Banking Group PLC (LSE:LLOY), Barclays PLC (LSE:BARC), NatWest Group PLC (LSE:NWG) and HSBC Holdings PLC (LSE:HSBA) all traded lower in Friday's early deals amidst uncertainty over the potential disruptions caused by a global IT outage. A cloud services outage overnight caused chaos in the US.

Lloyds, Barclays, NatWest and HSBC shares fall as IT outage impacts banks

Barclays (LON: BARC) share price has risen for three straight weeks and is now hovering near its highest point since April 2010. It has soared by more than 255% from its lowest point in 2020.

Barclays share price is flying, but a pullback could happen

NEW YORK--(BUSINESS WIRE)--Barclays Bank PLC (“Barclays”) announced today that it will implement a 1 for 4 reverse split of two series of iPath® ETNs (together, the “ETNs”): the iPath® Series B S&P 500® VIX Short-Term Futures™ ETNs (CUSIP: 06748F324) (the “VXX ETNs”) and the iPath® Series B S&P 500® VIX Mid-Term Futures™ ETNs (CUSIP: 06746P613) (the “VXZ ETNs”). Barclays intends the reverse split for each series of ETNs to be effective at the open of trading on Wednesday, July 24, 2024.

Barclays Announces a Reverse Split of the iPath® Series B S&P 500® VIX Short-Term Futures™ ETNs and the iPath® Series B S&P 500® VIX Mid-Term Futures™ ETNs

Deutsche Bank

Despite concerns related to high restructuring costs, Zacks Foreign Bank industry stocks like HSBC, BCS and DB will benefit from higher rates.

3 Stocks Worth a Look From the Prospering Foreign Banks Industry

UK's Barclays plans a major hiring spree in Asia to expand client assets over the next few years, focusing on the ultra rich and family offices in India and Singapore, Bloomberg News reported on Wednesday, citing a Barclays executive.

Barclays aims to triple staff across key Asia wealth markets, Bloomberg News reports

Business restructuring and simplification efforts will likely keep aiding Barclays' (BCS) bottom line. Yet, uncertainty about the performance of the capital markets is worrisome.

Barclays' (BCS) Restructuring Aids in Uncertain Capital Market

Retail sales may have been down across the board in June, but Barclays PLC (LSE:BARC)'s monthly Consumer Spend report shows that Brits spent large on so-called ‘insperiences' instead. Insperiences (aka at-home experiences) such as streaming and other digital content, takeaways, and fast food deliveries surged 5.3% year on year in June.

Brits turn to ‘insperiences' in face of gloomy weather

This Labour government poses little threat to the UK banks, according to analysts as Wall St bank Citi. Near-term implications from a Labour government are limited, Citi adds, with this quarter tipped to mark the trough for UK domestic bank NIMs [net interest margins].

News for Barclays Stock (BCS)