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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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 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

Lloyds Banking Group

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.

Lloyds and other lenders' mortgage customer pain is a 'slow burn' risk - broker

NEW YORK--(BUSINESS WIRE)--Barclays today announces the appointment of Spyros Svoronos as Global Co-Head of Industrials within the Investment Banking business. In the role, he will co-lead the business with John Lange and report to Taylor Wright and Cathal Deasy, Co-Heads of Investment Banking. Mr. Svoronos will join the Investment Banking Management Team and be based in New York. “Spyros is the latest strategic hire for our Investment Banking business as we grow and expand our talent base to d.

Barclays announces Spyros Svoronos as Global Co-Head of Industrials in Investment Banking

NEW YORK--(BUSINESS WIRE)--Barclays today announces the appointment of Ricardo Fernandez as Head of Investment Banking for Mexico. In this role Mr. Fernandez will report to Raul Martinez-Ostos, Chairman and CEO of Barclays for Mexico and Latin America. With close to 25 years of experience in investment banking, Mr. Fernandez has advised on a number of complex and strategically important transactions in Mexico during his career. He joins Barclays from Bank of America, where he was Head of Mexico.

Barclays appoints Ricardo Fernandez as Head of Investment Banking for Mexico

Britain's 19 largest banks are expected to receive a letter today warning them that the government will “take the action necessary” to protect free speech following the controversial closure of former UKIP leader Nigel Farage's Coutts account. Coutts, the exclusive bank owned by NatWest, has been embroiled in a full-on public relations crisis after Farage's de-banking on grounds that he did not align with the Royal bank's values.

Lloyds, Barclays and NatWest among banks warned over Coutts-Farage controversy

Lenders, led by Lloyds Banking Group and NatWest Group, saw their shares carried higher on the back of UK inflation data softening, with the wider financial sector also seeing a boost. UK consumer price inflation eased to 7.9% in June from 8.7% the previous month, while core CPI inflation dropped to 6.9% from the 31-year high of 7.1% the previous month.

Lloyds, NatWest and Barclays boosted as inflation reading changes interest rate outlook

HSBC Holdings

Some of Britain's largest banks have defended against accusations that they are profiteering by lifting interest rates on mortgages faster than savings as base rates climb. Lloyds Banking Group PLC (LSE:LLOY), NatWest Group PLC (LSE:NWG), Barclays PLC (LSE:BARC) and HSBC Holdings PLC (LSE:HSBA) all pled innocence after the Treasury select committee quizzed why savings rates were slow to rise.

Lloyds, NatWest, Barclays and HSBC defend slow saving rate rises

NEW YORK--(BUSINESS WIRE)--Barclays is pleased to announce the appointment of three new senior hires in the Corporate and Investment Bank. The hires will join the Sustainable and Impact Investment Banking (SIB) team, which is focused on advising and raising capital for companies whose businesses are solving environmental and social issues. The team also supports larger-capitalization companies to help transition their businesses through ESG-related financing and strategic transactions, includin.

Barclays Appoints New Senior Hires in Sustainable and Impact Investment Banking Team

NEW YORK--(BUSINESS WIRE)--Barclays today announces the appointment of Dan Grabos as Co-Head of Americas M&A, alongside Larry Hamdan, based in New York. In this expanded role, Mr. Grabos will provide critical strategic advice and execution on M&A transactions for Barclays' global clients. Mr. Grabos will also continue to serve as Co-Head of Industrials M&A, a role he has held since joining Barclays in 2018. With almost 30 years of experience in investment banking, Mr. Grabos has adv.

Barclays expands M&A franchise with key appointments

LM Ericsson Telefon

Ericsson ERIC, -12.46% was downgraded to equal-weight from overweight by Barclays, which kept its equal-weight rating on Nokia NOK, -8.51%, following warnings from both on Friday. “We see little reason why operators will spend more before 2025E at the earliest.

Ericsson cut to equal-weight by Barclays after warning

Barclays gets a buy rating today on its US-traded ADR. Positives: Over 6% dividend yield, the company in strong financial position and recently passed stress testing, net interest margin benefits from rate environment, the company is undervalued. Headwinds: Price trend could use another dip very soon, to get it below its 200-day SMA, presenting a better buying opportunity.

Barclays: 6% Dividend Yield And Undervalued, But Waiting On Next Dip

Barclays is betting it can revive its wilting share price by upping investment in a crop of its smaller businesses including U.S. credit cards, sources familiar with the matter said. But some of its top shareholders would prefer the quicker fix of a buyback.

Exclusive: Barclays eyes smaller units for growth in strategic review, risks investor ire

Barclays has won an appeal against a ruling it is liable to compensate customers who are the victim of bank transfer fraud. In a landmark case, the UK Supreme Court ruled it was not for the bank to “concern itself with the wisdom or risks of its customer's payment decisions.

Barclays off the hook as Supreme Court rules customers liable in bank fraud scams

Barclays on Wednesday won a closely-watched appeal at the United Kingdom's Supreme Court over banks' duties to their customers to prevent them being defrauded.

Barclays wins UK Supreme Court case over push payment fraud

Barclays (LON: BARC) share price will be in the spotlight this week as its American counterparts publish their quarterly results. The stock has gone nowhere in the past few months and is trading at 147.68p, a few points below June's high of 163.36p.

Barclays share price waits for US bank earnings season: is it a buy?

NEW YORK--(BUSINESS WIRE)--Barclays today announced the appointment of Jim Birchenough, MD, as Chairman of Global Healthcare Investment Banking and Co-Head of Global Biopharma Investment Banking, based in San Francisco. Dr. Birchenough has over 35 years of life science experience across biopharmaceutical bench research, clinical medicine practice, biotech equity research, and biopharma investment banking. He joins Barclays from Wells Fargo, most recently leading their Biopharma Investment Banki.

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