Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
Barclays is battling investor pressure to pursue a spin-off of its high street operations from the bank’s investment banking arm. It is understood that about a fifth of its shareholder base favours a full split that would leave the two divisions with separate stock market listings. Barclays is in the midst of applying new ring-fencing rules that come into force at the start of 2019. The rules, introduced after the 2008 banking meltdown, stop short of demanding a full break-up. However, some big investors would like the bank to go a step further and pursue a more radical separation amid concerns about weak profitability and the fines it has received for past misconduct. “There’s a lot of UK investors that wished they didn’t have an investment bank,” said one senior fund manager, who holds Barclays shares. “They hate the idea of having an investment bank with lower returns and volatility. They don’t believe it’ll ever get back to making a return above its cost of capital. But Jes Staley, who became chief executive in late 2015, has broken from the strategy of Antony Jenkins, his predecessor, who sought to scale back the investment banking business, choosing to keep hold of the division. It may even look to expand. Banks with deposits of more than £25bn must separate their retail businesses from trickier investment banking operations to make lenders safer in the event of another financial crisis.
Barclays PLC (SGG) shares are moving today on volatility -0.88% or $-0.25 from the open. The NYSE listed company saw a recent bid of $28.23 and 98608 shares have traded hands in the session. It is no secret that most investors have the best of intentions when diving into the equity markets. Making sound, informed decisions can help the investor make the most progress when dealing with the markets. Often times, investors may think they have everything in order, but they still come out on the losing end. Investors may need to figure out ways to keep emotion out of stock picking. Sometimes trading on emotions can lead to poor results. Making hasty decisions and not paying attention to the correct data can lead to poor performing portfolios in the long-term. Taking a deeper look into the technical levels of Barclays PLC (SGG), we can see that the Williams Percent Range or 14 day Williams %R currently sits at -53.12. The Williams %R oscillates in a range from 0 to -100. A reading between 0 and -20 would point to an overbought situation. A reading from -80 to -100 would signal an oversold situation. The Williams %R was developed by Larry Williams. This is a momentum indicator that is the inverse of the Fast Stochastic Oscillator. Barclays PLC (SGG) currently has a 14-day Commodity Channel Index (CCI) of -3.43. Active investors may choose to use this technical indicator as a stock evaluation tool. Used as a coincident indicator, the CCI reading above +100 would reflect strong price action which may signal an uptrend. On the flip side, a reading below -100 may signal a downtrend reflecting weak price action. Using the CCI as a leading indicator, technical analysts may use a +100 reading as an overbought signal and a -100 reading as an oversold indicator, suggesting a trend reversal. The RSI, or Relative Strength Index, is a widely used technical momentum indicator that compares price movement over time. The RSI was created by J. Welles Wilder who was striving to measure whether or not a stock was overbought or oversold. The RSI may be useful for spotting abnormal price activity and volatility. The RSI oscillates on a scale from 0 to 100. The normal reading of a stock will fall in the range of 30 to 70. A reading over 70 would indicate that the stock is overbought, and possibly overvalued. A reading under 30 may indicate that the stock is oversold, and possibly undervalued. After a recent check, Barclays PLC’s 14-day RSI is currently at 42.94, the 7-day stands at 44.48, and the 3-day is sitting at 32.95. Currently, the 14-day ADX for Barclays PLC (SGG) is sitting at 31.00. Generally speaking, an ADX value from 0-25 would indicate an absent or weak trend. A value of 25-50 would support a strong trend. A value of 50-75 would identify a very strong trend, and a value of 75-100 would lead to an extremely strong trend. ADX is used to gauge trend strength but not trend direction. Traders often add the Plus Directional Indicator (+DI) and M
One of the equity market's hottest industries isn't feeling the love from Wall Street. Bank stocks, which have surged an S&P 500-best 32% since the presidential election, are seeing a disproportionately low number of buy ratings from research analysts. Only about 35% of bank stocks have a buy rating, while similarly outperforming areas like semiconductor and software companies are seeing roughly 60% of stocks get a bullish nod from analysts, according to data compiled by Strategas Research Partners. Buy ratings on bank stocks are particularly scarce when you consider all the elements working in the sector's favor going forward. As the group most sensitive to bond yields, banks are best-positioned to benefit from any interest rate hikes implemented by the Federal Reserve. Bank stocks are also seen benefiting from the looser regulatory environment that's been proposed by President Donald Trump. In a recent client note, Goldman Sachs banks analyst Richard Ramsden forecasted that potential deregulation of the financial industry could "increase returns to shareholders and boost bank EPS by 11%." Further, with bank earnings season set to kick off on Friday, the group could get a boost from profit growth that's expected to be among the best in the S&P 500. Banks will expand earnings by 7.2% in the period, better than any group outside of tech and energy, according to forecasts compiled by Bloomberg. The skepticism being expressed by Wall Street analysts is also surprising when you look at how well financial firms have done across the board over the past month. An equal-weighted gauge of financial stocks has climbed 5.9% since June 7, the best out of the 10 main S&P 500 industries by two full percentage points, Strategas data show. On the other side of the ledger is the tech sector, which, when stripped of the market cap weighting that favors juggernauts like Apple and Amazon, has slipped 4% over the same period - underperformance that analysts appear willing to forgive. But investors need not sit by idly. According to Strategas, the best way to play financial stocks right now is to take advantage of their underratedness and buy on weakness. Maybe then Wall Street will give credit where it's due.
Barclays PLC 22.8% Potential Upside Indicated by Credit Suisse Posted by: Amilia Stone 5th July 2017 Barclays PLC using EPIC/TICKER code (LON:BARC) had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘OUTPERFORM’ today by analysts at Credit Suisse. Barclays PLC are listed in the Financials sector within UK Main Market. Credit Suisse have set a target price of 250 GBX on its stock. This would imply the analyst believes there is now a potential upside of 22.8% from the opening price of 203.55 GBX. Over the last 30 and 90 trading days the company share price has decreased 8.15 points and decreased 13.1 points respectively. The 52 week high share price is 267.32 GBX while the 52 week low for the stock is 130.15 GBX.
On the corporate front, banks were doing well, with HSBC, Standard Chartered and Barclays all higher. Neil Wilson, senior market analyst at ETX Capital, said: "Banking stocks jumped on the open after regulators in the US gave the greenlight to higher dividends and buybacks, whilst the hints of a shift in tone from central bankers towards tightening is spurring hopes of higher interest rates again." HSBC was also boosted by an upgrade from Morgan Stanley.
Jes Staley's last few months resemble what in polite society let’s refer to as an ‘insanitary sandwich’. First there were strong full-year results for 2016, with headline pre-tax profits nearly tripling to £3.2bn. But then came whistleblower-gate, where the CEO was formally reprimanded for directing Barclays security to identify a staff member making accusations against a senior appointment. That's enough to leave a bad taste in anyone's mouth. The American will hope that strong first quarter results will help cleanse the palate: Q1 pre-tax profits doubled to £1.2bn, driven in large part by a 70% reduction in non-core losses. Pesky, non-core risk-weighted assets (RWAs) are about as fashionable these days as the flat-top mullet. Since the crisis, all bank bosses have been busy shaving them off, under the beady eye of the regulators. Staley’s efforts are certainly beginning to pay off. Barclays' RWAs are now only £27bn, having been over £75bn at the end of 2014. Broadly, Staley’s strategy is cut RWAs, and double down on British and American investment and commercial banking, but for a more detailed look, here’s MT’s take on his first full-year results, from 1 March 2016. When Barclays chairman John McFarlane gave ‘Saint Antony’ Jenkins the boot last year, you’d have been forgiven for expecting a dramatic turn in the bank’s strategy. New CEO Jes Staley is, after all, an American I-Bank veteran, who spent years at JP Morgan Chase. You wouldn't replace ethical retail banker Jenkins with an investment banker only to have him behave like Jenkins, right? Yet what’s actually changed? Staley almost immediately started reading from Jenkins’ hymn book, talking of ‘completing the necessary transformation’ and seeking a ‘less capital intensive’ investment arm. Indeed, he has in some respects continued along the cost-cutting and de-risking course plotted by Jenkins years ago. The bank cut its non-core risk-weighted assets (RWAs) by 39% to £46.6bn in 2015, while Staley recently announced it would exit first eight countries in the Asia-Pacific region and then the whole of Africa (read why here). But the apparent similarities do belie an important shift in strategy. In Barclays’ 2014 full-year results, the word ‘transform’ appeared 62 times – very largely because that was the name of Jenkins’ restructuring programme, designed to shrink the investment bank to a more modest size. In 2015’s results, the word doesn’t appear once. Why did Barclays sack Saint Antony? Read MT's report on Jenkins' three years at the top. Staley is trying to get rid of RWAs because every bank has to get rid of RWAs if they know what’s good for them. He’s retreating from Asia and Africa not out of any reluctance to seek out higher risks and higher rewards, but because he wants to take t
Barclays seems to recognize that it has issues to address in its U.S. equities trading business. As we were first to report last month, Joe Corcoran, global head of markets and head of markets Americas has stepped aside and Tim Throsby, the new head of Barclays’ investment bank is taking personal control of whatever happens next. Something needs to be done: Barclays bought a strong U.S. equities business from Lehman Brothers but many of the ex-Lehmanites have left and global equities trading revenues at the bank were down 10% year-on-year in the first quarter. Even before Throsby moved in, Barclays insiders say Corcoran had applied some muscle to the issue. In the past few months, he reportedly engaged the services of John Neary, founder of 3000Kings LLC and a consultant to the financial services sector. Neary has pedigree. Before setting up 3000Kings in April 2013, he spent seven years at Morgan Stanley, latterly as global head of multi-asset portfolios and previously as head of equities trading for the Americas. Before that, he spent nearly fourteen years at Goldman Sachs, where he was head of equity portfolio trading for the U.S. At Barclays. he’s said to be working on “special projects.” Barclays didn’t respond to a request to comment on Neary’s involvement, but the bank appears to be in good hands. Insiders say turning around Barclays’ U.S. equities business won’t be easy, however. Under Mike Di Iorio, the former global head of equities sales who quit for Credit Suisse in May, they argue that Barclays focused too heavily on equity derivatives. Eric Schlanger, the head of U.S. equities, has allegedly cut a lot of cash distribution and trading staff, and the electronic equities business has never recovered from the 2014 dark pool scandal. “Barclays has been ditching people and struggling with the same issues as a lot of other banks – do you focus on the dark pool or the central risk book?”, says one MD, speaking off the record. “The problem is that there are a lot of costs associated with running a dark pool and with an electronic trading business in general, and it’s difficult to justify them when margins are poor and commissions are compressed.” Someone – be it Neary or Throsby himself – needs to fix this. Earlier this month, Barclays lost Joe Mecane, its global head of electronic equities, to Citadel Securities, leaving a gap at the top of that business. The good news is that Barclays already has a deep bench: in October last year it hired Bob Gasser, formerly of ITG as head of strategy for pre-market trading technology; it also still employs Mecane’s predecessor, Bill White, although White’s current function is unclear. The bad news is that Barclays’ problems seem to go deeper than personnel. Barclays’ insiders nonetheless have high hopes for the bank’s U.S. equities business under its new manage
Take a look at ‘Barclays Said to Plan Guilty Plea in Qatar Case’ on Yahoo Finance https://uk.finance.yahoo.com/video/barclays-said-plan-guilty-plea-164230684.html
It is unclear whether the DoJ is weighing a civil or criminal investigation at this time. UK authorities have decided not to pursue the matter. While potentially anti-competitive under UK law, no-poach agreements are commonplace in UK contracts for mid-to-senior ranking employees, particularly within the financial sector, according to employment-law experts. That could bring jurisdictional headaches for the DoJ if it did launch an investigation as Mr Staley is based in Barclays’ London headquarters. Questions about Mr Staley’s judgment have also been raised after it emerged that KKR had blocked Barclays from winning new mandates at the powerful US private equity group in protest at how Mr Staley had taken the side of his brother-in-law in a dispute over a failed Brazilian deal. He then fell for a spoof email purporting to come from Mr McFarlane following a bruising annual meeting during which Mr Staley apologised for the whistleblower incident. In that matter, an anonymous letter raised concerns about another JPMorgan hire and a friend of Mr Staley, Tim Main. Barclays and the DoJ declined to comment.
The US Department of Justice is scrutinising whether Barclays breached antitrust laws by promising to stop poaching JPMorgan Chase bankers, in another blow for the British lender’s chief executive, Jes Staley. The DoJ asked Barclays for more information on discussions between its top brass and senior JPMorgan executives following a string of high-level departures from the US bank to its British rival. The hiring spree followed the appointment of Mr Staley, himself an alumnus of the Wall Street bank, as Barclays’ chief executive in December 2015. The Financial Times reported last year that Jamie Dimon, the head of JPMorgan, called John McFarlane, Barclays’ chairman, to complain about the defections. The FT also said Mr Staley then spoke to Daniel Pinto, the head of JPMorgan’s investment bank. The DoJ is examining whether Barclays entered into a so-called “no poach” agreement by promising not to hire more JPMorgan bankers, people familiar with the situation told the FT. Such agreements are illegal under US antitrust laws. JPMorgan said: “There have been no improper agreements and we continue to hire from each other.” But the US bank declined to comment on whether it had been contacted by the authorities. Barclays insiders vigorously rejected any suggestion that such an agreement was entered into, or that any promise was made by Mr Staley not to hire any more JPMorgan bankers. They pointed out that since the calls Barclays has hired at least six people from JPMorgan, some at managing director level. Attention from the DoJ comes after major Barclays shareholders have already warned that their support for Mr Staley is wearing thin after an unrelated investigation was launched by UK regulators into his attempts to unveil the identity of a whistleblower. No formal investigation regarding ‘no poach’ issues has yet been launched, those people cautioned, and it is common for the DoJ to ask for details then decide no further action is warranted. While there were requests from the DoJ some months ago, inquiries have gone quiet in recent months, people familiar with the situation said. They added, however, that there had not been any formal notice from the DoJ that they would close the matter. Defectors from JPMorgan to Barclays last year included Tim Throsby, head of the British group’s corporate and investment bank; Paul Compton, who was named as group chief operating officer; and CS Venkatakrishnan, who became its chief risk officer. In October, the DoJ published guidance over so-called “no poach” agreements. “Naked wage-fixing or no-poaching agreements among employers, whether entered into directly or through a third-party intermediary, are per se illegal under the antitrust laws,” the guidance reads. “Going forward, the DoJ intends to proceed criminally against naked wage-fixing or no-poaching agreements.” It is unclear w
Barclays PLC (LON:BARC) has been assigned a GBX 250 ($3.16) price objective by research analysts at Credit Suisse Group in a research note issued to investors on Wednesday. The brokerage presently has a “buy” rating on the financial services provider’s stock. Credit Suisse Group’s target price indicates a potential upside of 21.18% from the stock’s previous close. BARC has been the subject of a number of other reports. Goldman Sachs Group, Inc. (The) set a GBX 250 ($3.16) target price on shares of Barclays PLC and gave the company a “neutral” rating in a report on Monday, February 20th. Royal Bank Of Canada set a GBX 230 ($2.91) target price on shares of Barclays PLC and gave the company a “neutral” rating in a report on Friday, April 28th. Macquarie reaffirmed a “neutral” rating and issued a GBX 245 ($3.10) target price on shares of Barclays PLC in a report on Monday, March 6th. Beaufort Securities reaffirmed a “buy” rating on shares of Barclays PLC in a report on Tuesday, May 2nd. Finally, S&P Global set a GBX 280 ($3.54) target price on shares of Barclays PLC and gave the company a “buy” rating in a report on Thursday, February 23rd. Five equities research analysts have rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of GBX 220.63 ($2.79).
MOVES-Barclays hires ex-Goldman trader Anche for quant role https://uk.finance.yahoo.com/news/moves-barclays-hires-ex-goldman-115931585.html
http://www.iii.co.uk/articles/420510/chart-week%3A-barclays-still-major-downtrend Jack16 spot on has allwav.
Barclays PLC with EPIC/TICKER (LON:BARC) had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘BUY’ this morning by analysts at HSBC. Barclays PLC are listed in the Financials sector within UK Main Market. HSBC have set their target price at 250 GBX on its stock. This indicates the analyst now believes there is a potential upside of 19.5% from the opening price of 209.15 GBX. Over the last 30 and 90 trading days the company share price has increased 3.09 points and decreased 23.25 points respectively. The 1 year high share price is 267.32 GBX while the year low stock price is currently 121.1 GBX. Barclays PLC has a 50 day moving average of 215.30 GBX and a 200 day moving average of 212.49. There are currently 17,032,294,019 shares in issue with the average daily volume traded being 42,582,104. Market capitalisation for LON:BARC is £35,214,267,884 GBP.
Each party has a different view of how the Brexit process should play out. But David Buik, market commentator at Panmure Gordon, said financials could end up benefiting from Brexit talks, regardless of who the new prime minister is. He said that no longer having to adhere to European regulations could give UK banks the freedom to make themselves more attractive to international firms, allowing them to win business off their EU counterparts. In particular he recommended HSBC, Barclays, and Lloyds in the FTSE 100, and Aldermore in the FTSE 250. Read more: http://www.thisismoney.co.uk/money/investing/article-4567304/Where-invest-cash-election.html#ixzz4istYrOyk Follow us: @MailOnline on Twitter | DailyMail on Facebook