Barclays

Barclays PLC is a global financial services company that provides various financial products and services worldwide. It is engaged in retail banking, credit cards, corporate and investment banking, and wealth management with an extensive international presence in Europe, the Americas, Africa, and Asia. The company offers current accounts, savings products, Woolwich-branded mortgages, unsecured loans, general insurance, and banking and money transmission services to small- and medium-sized businesses; investment and insurance products; business lending services; bank assurance solutions; and retail, credit and debit card, and corporate services. It also offers international payments services for consumer and business customers, including credit cards and consumer lending services; investment banking services comprising strategic advisory, financing, and risk management services to large corporate, government, and institutional clients; integrated corporate banking solutions, including cash management, lending, and trade financing services to corporate and financial institutions as well as multinationals; and a range of wealth and investment management services such as international and private banking, investment management, fiduciary, and brokerage services. With over 300 years of history and expertise in banking, Barclays operates in over 50 countries and employs more than 147,500 people. Barclays moves, lends, invests, and protects money of more than 48 million customers and clients worldwide. The company was formerly known as Barclays Bank Limited and changed its name to Barclays PLC in January 1985. It was founded in 1896 and is headquartered in London, United Kingdom.

Earnings data Q1 2021

Earnings data Q2 2021

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Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

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Earnings data Q3 2024

Earnings data Q4 2024

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Barclays Plc operates as a bank holding company, which engages in the provision of retail banking, credit cards, corporate and investment banking, and wealth management services. The firm operates through Barclays UK and Barclays International segments. The Barclays UK segment consists the U.K. retail banking operations, U.K. consumer credit card business, U.K. wealth management business and corporate banking for smaller businesses. The Barclays International segment includes corporate banking franchise, the investment bank, the U.S. and international cards business and international wealth management. Barclays was founded on 1690 and is headquartered in London, the United Kingdom.

Barclays has stirred up the debate about online scams and compensation by arguing social media companies should foot at least some of the bill. Nearly 90% of shopping scams costing around £1,000 on average start on social media platforms, it said, and giants such as Meta-owned Facebook, WhatsApp and Instagram should pay their share of the cost of recompense.

Barclays wants social media giants to pay for online scams

Lloyds Banking Group

Barclays PLC (LSE:BARC), Lloyds Banking Group PLC (LSE:LLOY) and Virgin Money UK PLC (LSE:VMUK) are the most appealing banking shares in London post the recent reporting season, broker Shore Capital reckons. Despite second quarter results unveiling a solid financial performance, with most mainstream UK banks notching double-digit Return on Tangible Equity (RoTE), and several announcing substantial share buybacks, share prices aren't mirroring this optimism, analyst Gary Greenwood said in a note to clients.

Barclays, Lloyds and other bank shares 'undervalued' post results, says broker

Barclays says there are "attractive" implied portfolio returns on offer at NextEnergy Solar Fund Ltd (LSE:NESF) and Bluefield Solar Income Fund (LSE:BSIF). The solar-focused investment trusts this past week both lowered their discount rates by 75 basis points, which impacted their net asset values by around 4% apiece.

NextEnergy Solar and Bluefield offer 'attractive' implied returns after de-rating, says Barclays

DUBLIN--(BUSINESS WIRE)-- #KBRA--On 8 August 2023, KBRA Europe (KBRA) upgraded the deposit and senior unsecured debt ratings to A+ from A and affirmed the short-term deposit and debt ratings of K1 for Barclays Bank PLC, a subsidiary of Barclays PLC (LON: BARC) (“Barclays”), an international financial institution. The Outlook for the long-term ratings is Stable. To access rating and relevant documents, click here. Click here to view the report. About KBRA KBRA is a full-service credit rating agency regi.

KBRA Releases Surveillance Report for Barclays Bank PLC

Barclays PLC (LSE:BARC) has finally cracked and lifted rates on its savings accounts, following weeks of scrutiny over the sluggishness of banks to pass on higher base interest to customers. Though the bank is bumping up rates by as much as 1.05%, the increases come over a month after some rivals made the moves on the back of regulatory pressure.

Barclays lifts savings rates, finally cracking under pressure

CHICAGO--(BUSINESS WIRE)--Northern Trust Corporation announced today that Chief Financial Officer Jason Tyler and President of Asset Servicing Peter Cherecwich will participate in the Barclays Global Financial Services Conference in New York City on Tuesday, September 12, 2023, at 9:45 a.m. (ET). A live webcast of the event may be accessed via Northern Trust's website (www.northerntrust.com) in the investor relations section. A replay will be available for approximately four weeks after the ses.

Northern Trust Leaders to Participate in Barclays Global Financial Services Conference on September 12th

NEW YORK--(BUSINESS WIRE)--Barclays today announces the appointment of Lee Counselman as a Managing Director within the Technology Investment Banking business. In this role, he will work closely with Ben Freeland, Global Head of Software Banking, and report to Kristin Roth DeClark, Head of Technology Investment Banking. Mr. Counselman will focus on strategic M&A and Equity work within the Software Banking team and will be based in Boston. He joins Barclays early next year. “Lee's connection.

Barclays appoints Lee Counselman as a Managing Director in Technology Investment Banking

NEW YORK--(BUSINESS WIRE)--Barclays is pleased to announce the appointment of James Edmonds as Global Head of Sustainable Project Finance in its Corporate and Investment Bank. James will be based in New York and report directly to Travis Barnes and Tom Johnson, Global Co-Heads of Capital Markets. In addition, he will work closely with Daniel Hanna, Global Head of Sustainable Finance and join the Sustainable Finance Management Team. In this new role, James will partner across the firm to provide.

Barclays appoints James Edmonds as Global Head of Sustainable Project Finance

UBS Group AG

UBS Group AG has hired semiconductors banker Dmitri Anissimov from Barclays Plc , according to people familiar with the matter.

UBS taps Barclays semiconductors banker Anissimov-sources

British bank Barclays is weighing up whether to move its continental Europe headquarters from Dublin to Paris, in a potential further boon for the French capital as it seeks to expand as a global financial centre after Brexit.

Barclays explores moving EU headquarters from Dublin to Paris

Barclays PLC has appointed Gautam Chawla and Amrit David as investment banking co-heads of its financial institutions group (FIG) in the Americas, according to a memo seen by Reuters on Thursday.

Barclays names financial services investment banking co-heads

Barclays has received non-binding offers from private equity firms including Warburg Pincus and Centerbridge to buy its German consumer finance subsidiary, three people familiar with the matter told Reuters.

Barclays gets Warburg Pincus, Centerbridge bids for German consumer finance unit – sources

The market was disappointed by updated management guidance for the FY23E UK net interest margin. A weaker performance from the investment banking segment added to investor negativity. Bad debt loan loss rates remain low, although higher credit costs are expected in the second half of the year.

Barclays: Updated Guidance Triggers Downgrade To Buy

Fifteen years after its fire-sale purchase of Lehman Brothers' core assets jump-started its investment-banking business, the British lender is still trying to find its footing.

Troubles at Barclays Prompt a Shake-Up---and Banker Exits

Barclays PLC (NYSE:BCS ) Q2 2023 Earnings Conference Call July 27, 2023 4:30 AM ET Company Participants C.S. Venkatakrishnan - Group CEO & Executive Director Angela Cross - Group Finance Director & Executive Director Conference Call Participants Joseph Dickerson - Jefferies Jason Napier - UBS Jonathan Pierce - Numis Securities Alvaro Serrano - Morgan Stanley Robin Down - HSBC Christopher Cant - Bernstein Autonomous Edward Firth - KBW Adam Terelak - Mediobanca Guy Stebbings - BNP Paribas Exane Rohith Chandra-Rajan - Bank of America Merrill Lynch Benjamin Toms - RBC Capital Markets Operator Welcome to Barclays Half Year 2023 Results Analyst and Investor Conference Call.

Barclays PLC (BCS) Q2 2023 Earnings Call Transcript

Barclays (BCS) records a decline in revenues and higher expenses in the second quarter of 2023.

Barclays (BCS) Q2 Earnings Improve Y/Y Despite Lower Revenues

Barclays PLC (LSE:BARC) shares got a big thumbs-down from investors after its half-year results but for some analysts they back up the view that it is "the most undervalued" of big UK banks. Investors seemed to react to the FTSE 100-listed lender's profits being lower than expected and reporting a near-doubling in bad debt provisions in the second quarter, though profits growth was still pretty strong and the dividend was hiked and a bumper share buyback unveiled.

Barclays disappoints but is 'the most undervalued' of FTSE 100 banks - analysts

Continuing what's been a difficult week for U.K.-headquartered banks, Barclays shares fell as much as 7% on Thursday as the bank reported revenue below expectations and reduced its margin guidance.

Barclays shares slump on revenue miss, reduced guidance

Barclays fell in Thursday trading as first-half results fall short of forecasts and the bank trimmed its 2023 net interest margin estimates.

Barclays' Share Price Sinks As H1 Numbers Disappoint, Margin Forecasts Cut

Barclays PLC (LSE:BARC) saw bad debt provisions more than double in the second quarter but still reported strong growth in profitability, boosted by rising interest rates, a big hike to the dividend and a bumper share buyback. In the three months to June 30, the high street lender reported pretax profit of £2.0bn compared to £1.5bn the year prior but income fell 6% to £6.29bn from £6.71bn hit by falls in investment banking.

Barclays boosts dividend as profit jumps, but bad debts double

Barclays reported a profit for the first half of the year that met expectations on Thursday, as its booming consumer and credit card business continued to offset plunging revenues in its investment bank as corporate dealmaking stalls.

Barclays reports first half profit hits expectations, bad loans rise

Barclays reported a net income of £1.3 billion ($1.68 billion) for the second quarter, in line with expectations.

Barclays announces share buyback as second-quarter profit meets target

Shell PLC

Like its US counterpart, the ECB is expected to hike interest rates on Thursday, with president Christine Lagarde likely to suggest more increases are on their way. It's a FTSE 100-fest in terms of company news, led by Shell PLC (LSE:SHEL, NYSE:SHEL), which was recently tipped by one broker for having the strongest balance sheet of all the European integrated oil majors.

Shell, BT, Centrica and Barclays results lead a busy Thursday

Citigroup

JPMorgan Chase & Co

Some of the world's largest financial institutions will have to face a class-action lawsuit over their participation in foreign exchange cartelisation actions in the spot trading market between 2007 and 2013. Judges at the London Court of Appeal this Tuesday gave market participants the nod to pursue claims against Barclays PLC (LSE:BARC), JPMorgan Chase & Co (NYSE:JPM), Citigroup Inc (NYSE:C) and NatWest Group PLC (LSE:NWG), among others.

Barclays, JPMorgan and Citi must face FX cartelisation class action

NatWest Group plc 

Lenders Lloyds Banking Group PLC (LSE:LLOY), Barclays PLC (LSE:BARC) and NatWest Group PLC (LSE:NWG) are facing higher risks from up to 43% rises in monthly payments for mortgage customers as rates rise. But even though the rise in step up in costs is significant, analysts at RBC Capital Markets see it as a “slow burn” and do not think mortgage affordability will be a significant driver of risk costs for UK banks over the next 12 months.

News for Barclays Stock (BCS)