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It seems Falky that others on here share the same opinion as me as to your credibility & status, some are even questioning your intelligence, but not me, yet.
It's no use putting that you have already answered on another BB.
Please share your wisdom as to why The Times article is nonsense.
By any chance are you the same ramper who was forever on the LLOY board as to why that was going over £1? I seem to recall that individual also spouting on that he has a million LLOY shares.
Anyone reading this BB thinking of investing in BARC please make your own mind up & take absolutely no notice of rampers.
Gary59,
That’s the trouble when you ask those that cannot adequately communicate, punctuate or substantiate their views. They feel threatened because you have challenged their alpha-male ego so go running home to mummy’s apron strings because “the bigger boys have been picking on me.” Then press the “Report Post” button to have your post removed in case anyone else should read a simple, well questioned request such as yours, which embarrasses them further.
I wouldn’t count on any form of any value adding response based on the premise that they still haven’t grasped the junior school learning that speech marks use the following symbols “” and not **
Posters of this “quality” are normally eventually removed by LSE after other positive contributors reach the end of their tether and then also press the “Report Post” button but for valid reasons.
Do you remember the infamous “intellectuals” of WHITEGHOST... or even stuart1471? Both of these shared the same predictable character traits and behaviours you have discovered and thankfully no longer exist on the LSE boards.
I suspect history will repeat itself?
Share your wisdom with us Falk, why is this nonsense? Or are you just a Ramper who cannot understand the opinion of others who I think are better qualified than you.
...the last sentence was “chopped off”
For investors with an appetite for risk and who think that the worst of the crisis is behind us, bank stocks are cheap and the lenders remain well capitalised, making their shares a risky “buy”.
Everyone else should stay away for now until the outlook is clearer.
First-half results from Britain’s biggest banks in the past few days have given investors a glimpse into the state of the nation’s economy — and the picture is not pretty. All the high street lenders took big impairments as they braced for a wave of bad debts from businesses and households hit by the coronavirus downturn.
Barclays - Shares in the trio of banks that are focused mainly on the UK market have tumbled this year amid fears about the impact of Covid-19. However, are they now oversold?
Barclays managed to make a profit in the first six months of the year, partly because it has something that Lloyds and Natwest do not possess: a big investment banking business.
A strong performance from this division helped Barclays to absorb the hit it took from a £3.7 billion impairment charge. As a result, it unveiled pre-tax profits of £1.3 billion, down sharply from £3 billion a year ago but better than the losses suffered by Lloyds and Natwest.
Its investment bank enjoyed a jump in revenues from its trading business, which benefited from whipsawing financial markets during the period. Revenues from its fixed-income, currencies and commodities division climbed by 83 per cent to £3.3 billion, while income from its equities business was up 26 per cent to £1.2 billion.
Jes Staley, Barclays’ chief executive since December 2015, has long championed the investment banking division, despite pressure from Edward Bramson, the activist investor, who since 2018 has pushed for the division to be cut back because of poor returns.
Mr Staley, 63, has argued that the investment bank should perform well during an economic slowdown, offsetting pressure at its credit card and retail operations. The group’s latest results appear to vindicate his strategy.
Still, the £1.6 billion that Barclays set aside for loan losses in the second quarter was higher than the market had expected. There also are concerns that the performance of its trading business cannot be sustained because the financial market volatility is likely to fade. Its shares are down about 40 per cent this year.
Conclusion
No one knows how long the pandemic will last. Assessing its impact on the economy and the banks that are so central to it is impossible. That uncertainty alone means that investors probably should steer clear of the banks.
The Bank of England has cut interest rates to record lows in response to the downturn. This poses a profound challenge for commercial banks’ business models, which seek to make money on the difference between the rate they charge on loans and the rate they raise deposits.
The big lenders also have been banned from paying dividends to shareholders this year by the Bank, which wants them to conserve cash during the pandemic. This ban could be extended into next year. For investors with an appetite for risk and who think that the worst of the crisis is behind us, bank stocks are cheap and the lenders remain well capitalised, making their shares a ri