Member Info for MrAltruistic

A good read here in relation to US Investment Banking….

“Goldman Sachs will be the top investment bank, Barclays is the one challenger to Wall Street's dominance and paying big bonuses to traders is no longer a factor for success, according to a sweeping new report by JPMorgan analysts into the future of the industry.”

https://www.fnlondon.com/articles/goldman-and-barclays-to-dominate-new-golden-age-of-growth-for-investment-banks-20210616

Good Luck All.

Chartist, Alistair Strang, gives his 3 weekly update.

This editions key sentences for me were:

“our normal rules suggest, quite firmly, Barclays is readying itself to gift traders some reasonable movement. It just needs to actually start going up!” And…“price movements tend be sharp and vivid. It’s “just” a matter of time.”

Good Luck All.

https://www.ii.co.uk/analysis-commentary/barclays-future-share-price-thoughts-ii520593?utm_source=newsletter&utm_medium=email&utm_campaign=NEW-DLY-ENGAGE-afternoon_round_up_210621&utm_content=newsletter&spMailingID=14004956&spUserID=MzU1MTA2OTEwNzY0S0&spJobID=1775442306&spReportId=MTc3NTQ0MjMwNgS2

Sigma1, thanks for your post. As you rightly say “it took longer than anticipated” for the share price to drop to the 160’s level. Good to see they managed to end the day with a small positive finish, having fallen to circa 168p this morning, to then climb 5p and finish circa 173p. I sense a sharp, sudden, supportive rise is overdue and will continue to hold up until Half Year Results of Wednesday 28th July, unless 190p is broken through and a secondary of 220p+ then arrives. Here’s hoping.

Good Luck my Friend.

nuri123a, “chartists are always wrong…” Always? Really? Can your statement be substantiated?

I must confess that I have made some good profits on the back of Chartists and conversely have avoided some deeper losses from the same group. I would argue that Chartists are NOT always accurate with their timing.

Chartists, almost, always give views from “both sides of the coin” i.e. if the price goes up then it could reach ‘X’ and vice versa if it goes down it could reach ‘Y’. With that in mind I struggle t9 understand how they are “always” wrong?

I come in peace… Good Luck my Friend.

Summary: Barclays in particular has avoided some of the problems in prime brokerage work that hit some US rivals earlier in the second quarter, Jefferies (Brokers) noted.

In general, it said Barclays and French banks exposed to capital markets were a “conviction BUY”.

https://www.standard.co.uk/business/ftse-100-fall-as-us-rate-hike-barclays-brokers-jefferies-federal-reserve-interest-b941081.html

So the US Fed announce the probability of 2 interest rate rises by 2023 meaning the likelihood of greater net interest margin returns for Banks. Explains the uplift today but no real significant upward progress made in the last month to six weeks. Fingers crossed we can creep forward… day by day and week by week.

Please MYOC and GLA

Up until the half year results?

All imho please MYOC and GLA

A 2 minute read…

https://www.proactiveinvestors.co.uk/companies/news/952082/lloyds-banking-and-barclays-tipped-to-cash-in-on-mortgage-boom-952082.html

For short-termers looking for a gain... a pretty shoddy week, especially as the £1.80 support has been breached. The question is what happens to the price on Monday once the inevitable extension is announced?

bald_eagle,

“ Whether it is ALL going to happen is another thing”. Fair point. But I work on the balance of probabilities or the law of averages. So with 5 positive points raised by the Author, even if only 3 come to fruition, then I would hope that gives the share price a kick up the ar$e to finally break the 190p+ barrier… or electric fence, as eastern_investor calls it.

Good Luck my Friend.

eastern_investor, make sure you circle Wednesday 28th July on your calendar for the half-year results. The question is will the share price manage to close at 190p+ before this date? Place your bets…

Good Luck my Friend.

This is the cover story of this weeks’ “Money Week” of Monday 7th June. A respected and long standing periodical that approached the digital age with the understanding that standing still was not an option.

A long read here, covering a lot of ground, but well worth it in the end… I think?

For those who just prefer to get to the summary, with my added expansions in brackets, it reads as follows:

“Finally, there are five bonuses around the corner (for the Banks)
1. Banks can be winners from the likely return of inflation, as bond yields rise so their NIMs (Net Interest Margins of the Banks’) should improve.
2. As the (Covid) pandemic ends, demand for loans for housing, other durables and business is recovering sharply.
3. Yet the real profit boost will come from (unusually) prudent loan-loss provisions. Many banks were over-providing for loan losses pre-pandemic. Provisions increased sharply, but as they are written back, profits will soar.
4. Moreover, many banks have considerable surplus capital. The scope for large and rising dividends is the best of any sector.
5. Finally, the advantages of incumbency (those that have been around the longest compared to new competitors) are enormous.”

For the full editorial which then moves onto the Insurers Sector see:

https://moneyweek.com/investments/stocks-and-shares/bank-stocks/603342/financial-stocks-are-set-to-fly-as-we-recover-from

bald_eagle, As you rightly say: “ Perhaps things will change for the better...but I expect it will take longer than expected”.

According to tonight’s media, the big boys have already shook off the threats and appear to have work arounds up their sleeve as there are gaping loop holes in t(e proposed legislation. The G7 really could do with convincing the G20 that this is the way to go, then get tough. Seeing is believing.

All imho please MYOC and GLA.

John McFarlane a.k.a ‘Mack the Knife’ for his record of sacking Chief Executives.

Saurus, I have the week off to try and start all the usual processes but with the issue of Covid, still haven’t even been able to order death certificates at £11.00 each meaning I can’t sort finances, funeral arrangements, executor duties etc. Anyway, no more on this off topic matter for me. Thanks for your kind words. I see your NWG shares have strengthened… good call that, we’ll done.

Good Morning bald_eagle,

Just catching up with the board this meaning. “ I do hope I wasn't being negative.” It’s a funny thing when it comes to the “written” word, whether email, text message or bb posts. They sometimes can be read o with the wrong emphasis. Personally, I didn’t read your message negatively. Even if it were, the fact that you explain why you feel so is good enough for me… rather than some random, repetitive “shout out”.

“ So IMO Mr Strang seems good on TA but possibly less so on other subjects.”… spot on. Totally agree. Should be interesting to see what happens over the pond this afternoon now that the G7 have agreed to a minimum 15% Corporation Tax for the Tech Giants. Albeit, my gut feel tells me that ONLY when the G20 agree such a move will the ramifications be felt.

All imho please MYOC and GLA.

Janus1, you are right but… as a sweeping statement the older you get, the less drama you want in your life. Don’t get me wrong I’m no shrinking violet but I just don’t see the point in getting involved in a “debate” when I know the other “party” sadly has no concept of respecting the other person’s different point of view. From my own experience, it never tends to end particularly well. Please continue your contributions and good luck my friend.

Sunny63, thanks for your kind words. Sorry to talk off topic everyone else.

Good Luck My Friend.

Again, worth a read i think.

The summary says it all for me... couldn't help but smile when reading about the Barclays Goat!

"Is Barclays Worth Keeping An Eye On?
Barclays's earnings per share growth have been levitating higher, like a mountain goat scaling the Alps. That EPS growth certainly has my attention, and the large insider ownership only serves to further stoke my interest. At times fast EPS growth is a sign the business has reached an inflection point; and I do like those. So yes, on this short analysis I do think it's worth considering Barclays for a spot on your watchlist. Don't forget that there may still be risks. "

https://simplywall.st/stocks/gb/banks/lse-barc/barclays-shares/news/heres-why-i-think-barclays-lonbarc-is-an-interesting-stock

Janus1, "... for those who feel the need to be critical when there is no need just ask your self - Do I need to reply - Do I need to reply now. - Is a reply necessary." Totally agree.

Sadly of late a few "ghosts of Christmas Past" have recently returned to the board, who in my mind share a view, often repeated on multiple occasions, but do not expand on any sort of rationale to substantiate however accurate/inaccurate. Which adds little value to me personally. I have therefore continued to put into action your quote and rather than respond to the odd mosquito, have just chosen to remain quiet. I'm all for free speech but even more so if a basis of how someone has arrived at an opinion can be shared at the same time.

Good Luck my Friend.