barclays
The Barclays PLC (LON:BARC) share price has been caught between the positive effect of higher interest rates on revenues for financial products such as credit cards and loans and the negative impact of rapidly rising interest rates on stock prices, the ongoing war in Ukraine, strict Covid-19 lockdowns in China and recent general risk-off sentiment. With China opening up again and several commodities such as Natural Gas, London Wheat and base metals such as aluminium having given back much of this year’s strong gains, the inflationary threat may be abating which could boost stock markets. Q1 20...
ValueWalk
Barclays PLC (LON:BARC) first quarter total income rose 10% to £6.5bn, reflecting a 26% increase in net interest income to £2.3bn and a 3% rise in other income to £4.2bn. Operating expenses were 15% higher, including a £523m litigation and conduct charge, relating to the overselling of US securities and customer compensation relating to an old loan book. As a result, pre-tax profit fell 7% to £2.2bn. The £1bn buyback has been delayed for a second time. This is because of ongoing discussions with the SEC relating to the US securities scandal. Barclays says it’s committed to the programme and in...
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“The repercussions from the Jeffrey Epstein scandal stretch far and wide, and now Barclays PLC (NYSE:BCS) finds itself at the centre of the storm. Q3 2021 hedge fund letters, conferences and more Barclays CEO QuitFor the Chief Executive, Jes Staley to step down following an investigation by city regulators into his into his dealings with Epstein, it’s clear the conclusions of the probe are critical. While the probe did not centre on Mr Staley’s role at Barclays but what he disclosed about his previous position at JP Morgan, what was under question was how he characterised his former relationsh...
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Barclays PLC (NYSE:BCS) American CEO Jes Staley has quit his job at the British bank amid an investigation on his links with discredited and deceased financier Jeffrey Epstein. The probe was launched by the Financial Conduct Authority (FCA) and the Bank of England’s Prudential Regulation Authority (PRA). Q3 2021 hedge fund letters, conferences and more Barclays CEO QuitsThe bank revealed that the investigation was into “Mr. Staley’s characterization to Barclays of his relationship with the late Mr. Jeffrey Epstein and the subsequent description of that relationship in Barclays’ response to the...
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Barclays PLC (LON:BARC)’s total income rose 5.0% to £5.5bn in the third quarter, driven by non-interest income, which was up 11.9% to £3.5bn. Net interest income fell 5.6% to £1.9bn, as Barclays had lower unsecured loan balances. Q3 2021 hedge fund letters, conferences and more Pre tax profit rose to £2.0bn, up from £1.1bn, as credit impairment charges continued to fall. James Staley, CEO, said the group’s “seeing evidence of a consumer recovery and the early signs of a more favourable rate environment”. The shares were unmoved following the announcement. Barclays’ Diversified Business ModelSo...
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“The big bounce back at Barclays PLC (NYSE:BCS) (LON:BARC) is continuing with pre-tax profits more than doubling in the first quarter to £2.4 billion. Given the upbeat theme running through these results, the best may be yet to come but concerns are mounting about rising operational costs at the bank. It’s this niggling worry which appears to have contributed to a slide in the share price in early trading today by around 5%. Q1 2021 hedge fund letters, conferences and more Barclays Flexing Its Trading MusclesWith a brisk economic recovery emerging, charges for bad loans came in much lower than...
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