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

skin buy CEY and look at q3 monday dont miss the train it moves quite fast.

skin look at pog then look at cey

205 and fund managers have not bought yet

good news from the states

there are billions going to in to the market next month

now 213p incredible.

Has Tanker made an offer or something?

i have said i have more shares than most of the board

.

nice to see some profit takers then we can move on

Described on the BBC as a 'relief rally' which will probably run out of steam when the euphoria is over. I agree with Skinny - a profit is only realised when banked. Friday p.m. sell off or .........? Short covering but I bet they haven't lost faith yet. Don't get too greedy Tanker! ;o)

harry its a game i do not need any money .
looking forward to the sun tomorrow and seating monday
morning in the sun watching moneyam.and cey has well

easy cash imo

P & Q :-)

lol yes skinny :-)

interesting news on the imf and others out i see

FT Alphaville are hinting that BARC figures next week may disappoint.
Might just be the shorters being vindictive!

PI figures from the Yanks @1:30 and Michigan sentiment I believe @3pm - I've got a limit buy in - but not holding my breath.

Interim Management Statement.


Barclays PLC - Interim Management Statement

"I am pleased with the performance we have delivered for the first nine months of the year, with profit before tax exceeding GBP5bn, despite significant economic and market headwinds. These results demonstrate the continued progress towards our 2013 goals through building momentum across retail and corporate banking businesses and strong relative performance by Barclays Capital in difficult market conditions. Our focus on cost reduction continues to deliver results and we are confident that we will exceed the GBP1bn savings target we set earlier this year.

Our profits before tax have been generated equally across our retail and investment banking businesses, showing the diversity and balance of Barclays. Rock solid capital, funding, and liquidity have been maintained. We will continue to generate sufficient capital for our business needs and do not intend to raise new equity capital. We remain committed to lending in the UK and are on track to exceed our Merlin goals."

Bob Diamond, Chief Executive

StockMarketWire.com
Barclays bank reported today that profit before tax of 5.066bn in the three-quarters to end-September, up 19% from 4.274bn in the prior year period. Net operating income rose 11% to 20.562bn from 18.574bn.

Profit after tax was 3.349bn, up 4% from 3.206bn and basic earnings per share were 22.2p, up 4% from 21.3p.

Interim dividend is maintained at 3p per share.

Core Tier 1 remained strong at 11% (30th June 2011: 11%), with risk weighted assets flat at 390bn (30th June 2011: 395bn). Adjusted gross leverage was 21x (30th June 2011: 20x).

Eurozone country exposures continue to be managed closely and valued appropriately. The Group's sovereign exposure to Spain, Italy, Portugal, Ireland and Greece reduced in Q3 by 31% to 8bn.

6bn of term funding was raised in Q3 2011, making 24bn in 2011 year to date. This compares to full year 2011 term funding maturities of 25bn.

Barclays reported a robust liquidity position with a liquidity pool of 166bn (30th June 2011: 145bn), which represent over a year of wholesale maturities, of which 152bn is FSA-eligible.

Net asset value per share increased 16p to 439p during Q3 and net tangible asset value per share increased 19p to 372p.

Note from Evo Securities:
"Resilient is a slightly underwhelming word that we use rather frequently to describe Barclays performance. Today is rather similar. In its Q3 results, stated EPS 9.7p vs consensus 6.6p reflects the distortion of a 2.9bn FVOOD gain in the quarter. More meaningfully, u/l PBT 1.3bn beat our 1.2bn forecast which was itself a shade ahead of wider expectations. Barcap revenues (ex-FVOOD) of 2.3bn were in line with us and a touch better than consensus of 2.2bn. We knew that Q3 wouldnt be pretty but this ranks as a thoroughly respectable performance. Reality is that Barclays is a defensive stock without a defensive rating. It is up 45% over the past 5 weeks, yet even now, on 0.5x current tNAV, (or 0.6x adjusted tNAV), the stock still offers clear value on a 12-month view.
Barclays Capital revenues down only 22% qoq. As we expected, in an extremely challenging quarter, Barcaps performance proved more resilient than many of its peers. Ex-FVOOD, revenues fell 22% qoq to 2.3bn. FICC was down only 16% qoq (probably masking a dire Commodities performance in H1). That said, the Q3 performance in equities and prime services, down 40% qoq, was weak.
Solid broad-based profitability. There were a number of creditable divisional performances, with decent u/l qoq profit growth in UK Retail & Business Banking (RBB) and Barclaycard. Indeed, even Europe RBB and Barclays Corporate recorded a profit in Q3 as costs fell in Europe and impairments fell in Corporate.
Valuation anchor tNAV up to 372p. To be clear, this tNAV per share metric, up from 353p at 30 June 2011, has been temporarily inflated by the Q3 FVOOD gain of 2.9bn which will reverse over time. Moreover, we do not expect Barclays to trade at 1.0x tNAV given that it will miss its 2013 RoE target of 13% and so investors have 2-3 years to wait with RoEsolidly profitable, the progressive dividend continues 1p in Q3 and we expect 3.5p at year-end. Even after stripping out the flattering effect of cumulative FVOOD, on 0.6x adjusted tNAV, the current discount remains too large.
Other useful progress. Management has helpfully reiterated (yet again) that it does not intend to raise equity capital. This really should not surprise, and for further evidence, it has maintained core tier 1 at 11.0% (despite now recognising a 1.8bn impairment of its stake in Blackrock through income). RWAs fell 1% qoq to 390bn, FSA eligible assets in the group liquidity pool rose 15% qoq to 152bn, and Sovereign PIIGS exposure declined by a remarkable 31% qoq to 8.0bn - primarily Spain down 43% to 2.7bn and Italy down 24% to 4.1bn."