In view of the Tesco overstating profits and subsequent payment to share holders there seems to be a cast iron case for Barclays to be made to compensate its share holders in the same way. The millions paid out as fines and pay offs to its CEO's should be more than enough evidence that Barclays owe monies for improper business it has conducted over many years.
Barclays PLC (LON:BARC) (LSE:BARC.L) has a P/E of 17.8 using 2016’s EPS. In my view, this can be justified by investors because of the double-digit EPS growth forecast in FY2017 and FY2018. Barclays has a strategy which I believe could be good news for its share price. I like its continued focus on financial strength and in reorganising the bank in order to become more financially flexible in the long run. I also feel the banking sector could be undervalued, which may lift the Barclays… Read More
DUBAI (Reuters) - Barclays aims to increase its share of the euro clearing business in the Middle East and North Africa region (MENA) from low double-digits to 25 percent in the next three years, a senior Barclays executive said, capitalising on growing demand from companies for transactions in euros.
Barclays is already one of the largest clearers of transactions in sterling and has stepped up efforts in euro clearing in the past few years.
"It is about gaining market share in the… Read More
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