Barclays ■ Dividend: 3.1 per cent Barclays is still searching for a new chief executive, but in the meantime it is tackling some of the key problems it is facing. It is shrinking the size of Barclays Capital so that its contribution to the bank’s profits falls from 50 per cent to 30 per cent. Spooner adds: “The bank is still making provision for litigation in areas such as PPI, Libor fixing and the foreign exchange scandal, though no one knows the full cost yet.” It is now focusing on its core strengths such as its UK retail and business banking, Barclaycard and its African business. Khalaf says: “There may be little growth for a while to come while the bank soaks up the cost of transformation, but there is not a great deal of expectation baked into the share price.”
The blue spread eagle will hit 300p in 2015. ... watch this space. .
The last five ratings come in at overweight or over 300. Not that I believe anyone in particular but FIVE! I also believe Barclays is ahead of the game and 300 can't be that far away.....I expect good figures at the end of the month to underline the changes that are taking place. GLAIs
I still believe the 15% correction was too much and that we are more or less at the correct level just waiting for good or bad news. The current yields should support the FTSE at these levels.nthat said, I am sure there will be winners and losers but I believe we are on a winner here. GLA.
It would seem that the markets currently show an inverse relationship to the economic news. Weak US data and the markets go up, FED minutes cautious so markets go up. It appears that the Chinese market and low US interest rates are being seen as the driver for world growth. The evidence is that the Chinese economy is slowing and there's only so much you can squeeze out of the developed economies. The FED appears to be afraid of upsetting the markets, which makes no sense, because the economy and the markets are currently are out of sync anyway. Whatever happens at some point, in the not too distant future, there will have to be some carnage to flush out the dead weight in the markets.
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