barclays will ge coming out with trading update on 07.05.2009 It is expected to report profits higher than market expectations.

A good Buy Medium to Long term

StockMarketWire.com
Barclays swung to a loss in the first quarter of the year as performance was weighed by a hefty settlement with the United States Department of Justice and additional payment protection insurance charges.

Barclays reported a first-quarter attributable loss of £764m compared with a profit of £190m the same period a year ago after taking a £2.0bn hit, mostly driven by a £1.4bn settlement with the United States Department of Justice (DoJ) and additional charges of £400m relating to payment protection insurance.

'This quarter we also reached an agreement with the US Department of Justice to resolve issues related to the sale of Residential Mortgage-Backed Securities between 2005 and 2007. While the penalty was substantial, this settlement represents a major milestone for Barclays, putting behind us a significant decade-old legacy matter,' the firm said.

The loss after tax from continuing operations was £540m compared with a profit of £1.2bn the same period a year ago.

Excluding litigation and conduct charges the bank's profit before tax was £1.7bn, while attributable profit was £1.2bn.

Its corporate and investment bank reported mixed performance as revenues from banking activities fell 4% while Fixed Income, Currencies and Commodities, or FICC, trading revenues declined and equities trading revenues rose nearly 30%.

Revenues were slightly lower at the bank's UK division at £1.8bn.

'Demonstrating the benefits of diversification, lower revenues in our UK businesses, driven by one-offs, were offset by a stronger performance in Barclays International, particularly in the Corporate and Investment Bank, which reported profit before tax up 49% and a RoTE of 13.0%, the firm said. Overall, the bank's revenues fell 8% to £5.4n, while operating costs rose 47% to £5.3bn, while credit impairment charges and other provisions was significantly reduced to £288m, down 45% from £527m the same period a year ago.

Its common equity tier one ratio, a key benchmark of financial strength, declined to 12.7% as organic capital generation from profits was more than offset by a 61 basis point impact from litigation and conduct charges, and a £4.9bn increase in risk weighted assets.

The firm reiterated its intention to pay a dividend of 6.5p per share for 2018

Interim Results

3rd Quarters https://www.moneyam.com/action/news/showArticle?id=6179269

Broker Forecast - Deutsche Bank issues a broker note on Barclays PLC

BFN

Deutsche Bank today reaffirms its buy investment rating on Barclays PLC (LON:BARC) and raised its price target to 243p (from 240p).

Story provided by StockMarketWire.com

Broker Forecasts data provided by www.sharesmagazine.co.uk

Half the price I would like.

“The world has enough for everyone's need, but not enough for everyone's greed.”

― Mahatma Gandhi

Wonder who posted that.

Mahatma?

Coat?

Don't wear one!

Barclays has recruited Nigel Higgins from Rothschild to replace John McFarlane as chairman. Higgins will take over at Barclays' next annual meeting on 2 May when McFarlane will leave the bank.

Barclays: Had a dabble at these levels.

Probably a wrong decision.

Be very careful CD I had a dabble around 200p and fortunately got out with a bit but that chart doesn't inspire confidence does it.

Stan:- I cant argue with your sentiment.

Last time I had these they were 7 quid.

Long before Mad Money flushed the system.

Hoping for xmas surge :)

Yes me to 😉

I am just hoping for a present!



8-)

No more fines, profit up 20% ppi gone, this looks just to good divi up to 7p
this could all be true, 2019. BB

The Big Short. Is this one of the Banks that are on the list?

Down 12% on this one. There has been no rallies of note for weeks!!!!!!!

I am itching to put some cash into this one.

But every time I turn over and start dreaming again!

UMMH,

Do I, or don't I?