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Pin to quick picksBarclays Share News (BARC)

Share Price Information for Barclays (BARC)

London Stock Exchange
Share Price is delayed by 15 minutes
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Share Price: 216.75
Bid: 216.55
Ask: 216.65
Change: 0.00 (0.00%)
Spread: 0.10 (0.046%)
Open: 217.35
High: 218.15
Low: 216.30
Prev. Close: 216.75
BARC Live PriceLast checked at -

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Broker snap: Goldman highlights HSBC as top pick among UK banks

Mon, 20th Jan 2014 16:37

Goldman Sachs has named HSBC as its preferred pick among UK banks on a long-term perspective, after analysing the financials across the sector since 1990.Analysts from the US firm said that UK banks under their coverage have booked £44.5bn of notable and non-recurring charges since 1990, equivalent to 12% of combined underlying pre-tax profit and an estimated annual return on equity (ROE) drag of over 100 basis points.As for HSBC, Goldman said that the bank has generated 51% of statutory sector profits and 42% of cash dividends since 1990 - "a disproportionate share". Meanwhile, 'one-offs' have actually provided a positive contribution of £2.5bn, compared with a negative impact elsewhere."Moreover, while HSBC, like its peers, has seen a recent rise in negative notables, these have remained moderate in scope both in absolute terms and relative to other banks. Notably, HSBC is the only UK bank under our coverage for which our ROE forecasts are not materially below targets."A 900p target price and 'conviction buy' rating was maintained for HSBC.As for the wider sector, Goldman said: "The persistency of 'non-recurring' items, and their magnitude of late, poses questions about how to appropriately value UK banks going forward, in our view."Meanwhile, a statutory sector ROE of under 8% since 1990 arguably raises question marks over the current ROE targets of UK banks, which without exception imply superior future returns relative to those reported since 1990 on a statutory basis."Goldman has cut its target price for Standard Chartered ('neutral') from 1,650p to 1,450p and raised its target for Lloyds ('neutral') from 77p to 80p. It has kept hold of its 370p target for RBS ('neutral') and its 300p target for Barclays ('neutral').BC
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19 Dec 2023 15:11

UK banks face 'step change' rule to reimburse defrauded customers

LONDON, Dec 19 (Reuters) - Britain's banks must reimburse defrauded customers to a maximum of 415,000 pounds ($529,000) from October next year to help combat scams, the Payment Systems Regulator (PSR) said on Tuesday.

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15 Dec 2023 18:12

Britain's Metro Bank decides not to sell mortgage book

LONDON, Dec 15 (Reuters) - Britain's Metro Bank said on Friday it had abandoned its planned sale of a 3 billion pound ($3.8 billion) mortgage portfolio, citing market conditions.

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14 Dec 2023 12:00

Fnality completes 'world's first' blockchain payments at Bank of England

LONDON, Dec 14 (Reuters) - Fnality, a blockchain-based wholesale payments firm, said on Thursday that shareholders Lloyds Banking Group, Santander and UBS had completed the "world's first" live transactions that digitally represent funds held at a central bank.

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14 Dec 2023 10:51

France's Credit Agricole to stop financing new fossil fuel projects

Vows to triple financing of renewable energy projects by 2030

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12 Dec 2023 09:10

UK lenders face smaller impact from Basel rules than rivals, BoE says

LONDON, Dec 12 (Reuters) - The Bank of England said on Tuesday that implementing the final leg of the global Basel bank rules will increase capital requirements at UK banks by 3%, far less than for their European Union and U.S. peers.

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12 Dec 2023 07:16

BoE says UK lenders to be hit less than EU, U.S. rivals by Basel capital rules

LONDON, Dec 12 (Reuters) - The Bank of England said on Tuesday that implementing the final leg of the global Basel bank rules will increase capital requirements at UK banks by 3%, less than for their European Union and U.S. peers.

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7 Dec 2023 16:55

Director dealings: Barclays chair invests, York Holdings settles LSEG call options

(Sharecast News) - Nigel Higgins, the group chairman of Barclays, was on the buying side of the ledger on Thursday.

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7 Dec 2023 15:35

IN BRIEF: Barclays Chair Nigel Higgins buys 200,000 shares

Barclays PLC - London-based consumer, business and investment bank - Chair Nigel Higgins buys 200,000 shares at GBP1.3867 each, worth GBP277,340, in London on Thursday.

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5 Dec 2023 15:26

London close: Stocks mixed as investors mull fresh data

(Sharecast News) - London's financial markets finished with a mixed performance on Tuesday as investors considered key economic data and developments from both sides of the Atlantic.

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5 Dec 2023 09:05

LONDON MARKET OPEN: FTSE 100 struggles after Moody's warning on China

(Alliance News) - London's FTSE 100 got off to a slow start on Tuesday, with miners falling amid fears for the Chinese economy, while Barclays shares fell after Bloomberg reported Qatar is trimming its stake in the lender.

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5 Dec 2023 08:01

Qatar almost halves stake in Barclays

(Sharecast News) - Banking giant Barclays was in the red early on Tuesday after its largest shareholder made moves to offload roughly £510.0m in shares.

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5 Dec 2023 07:48

LONDON BRIEFING: Ashtead in record half-year; tinyBuild cuts outlook

(Alliance News) - London's FTSE 100 is called to open lower on Tuesday, continuing a lacklustre start to the week, after tepid trade in New York overnight.

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30 Nov 2023 09:57

Lloyds to shut 45 branches

(Sharecast News) - Lloyds Banking Group is to shut another 45 branches, it was confirmed on Thursday, as lenders continue to downsize their estates.

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28 Nov 2023 15:40

Barclays axes 900 staff in "disgraceful" pre-Christmas move - UK union

(Alliance News) - Banking firm Barclays PLC is cutting 900 jobs in its UK business as it looks to slash costs in a "disgraceful" pre-Christmas move, trade union Unite has said.

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28 Nov 2023 15:30

London close: Stocks slip after mountain of broker notes

(Sharecast News) - London's stock markets finished in the red on Tuesday as investors deliberated over the latest shop price data, as well as a deluge of broker notes.

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