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Pin to quick picksBarclays Share News (BARC)

Share Price Information for Barclays (BARC)

London Stock Exchange
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Share Price: 202.35
Bid: 202.15
Ask: 202.25
Change: 0.00 (0.00%)
Spread: 0.10 (0.049%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 202.35
BARC Live PriceLast checked at -

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JP Morgan leaves Barclays at 'neutral' after third quarter interims

Fri, 28th Oct 2016 09:45

(ShareCast News) - JP Morgan Cazenove has reiterated a 'neutral' rating on Barclays but raised its target price to 190p from 175p after the lender reported its third quarter interims.Barclays on Thursday reported a 35% rise in third-quarter pre-tax profit to £837m as revenue from the fixed income division surged 40% to £947m. Excluding one-off items, profit came in at £1.7bn, surpassing analysts' expectations of around £1.5bn.However, the bank set aside a further £600m to deal with its payment protection insurance mis-selling scandal. The group is also trying to settle an investigation by US authorities into its sale of mortgage backed securities.JP Morgan said pre-tax profit beat its expectations as strong income offset a one-off £320m provision top up in Barclaycard and £150m restructuring costs in corporate investment banking."Following Barclays Q3'16 results, we are upgrading our 2017/18 adjusted earnings per share estimates by 4% and continue to expect consensus to move up as JPM estimates are 15% above pre-results company-compiled 2018 consensus pre-tax profits. "A key catalyst for the shares is likely to be any potential residential mortgage backed securities settlement, with every $1bn in incremental litigation costs equivalent to 22 basis points of capital tier 1 ratio."JP Morgan expects further litigation costs of £1bn in the fourth quarter for mortgage backed securities and £1bn in 2017. Tier 1 common capital ratio for fiscal year 2016 is 11.4% followed by 12.4% in 2017 and 13.3% in 2018.Shares rose 0.01% to 190.52p at 1111 BST on Friday.
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Global activist investors pressed companies to sell or spin in 2023 as M&A dropped off

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IN BRIEF: Prudential to buy back 4 million shares to offset awards

Prudential PLC - London-based, Asia-focused life and health insurer and asset manager - Contracts Barclays Capital Securities Ltd, part of Barclays PLC, to conduct a share buyback programme that will repurchase about 3.9 million shares at a maximum cost of GBP38 million. At the current market price, 3.9 million Prudential shares are worth GBP32.3 million. The buybacks are intended to offset the dilution that will be caused by the vesting of awards under Prudential's employee and agent share schemes.

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21 Dec 2023 12:59

Barclays extends lease on Canary Wharf headquarters until 2039

LONDON, Dec 21 (Reuters) - Barclays has signed an agreement with Canary Wharf Group (CWG) to extend the lease on its British headquarters in the financial district until 2039, CWG said on Thursday.

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LONDON MARKET OPEN: Stocks feeling festive on UK, US rate cut hopes

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19 Dec 2023 16:06

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

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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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Britain's Metro Bank decides not to sell mortgage book

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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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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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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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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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