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.

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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 (BCS) faces challenges with volatility in revenue generation amid the economic slowdown, while business restructuring initiatives continue to support financials.

Barclays' (BCS) Restructuring Aids Amid Revenue Volatility

Tesco PLC

Barclays has entered into an agreement to acquire Tesco's retail banking business, including its credit cards, unsecured personal loans, deposits and operating infrastructure. The acquisition of Tesco Bank will be carried out by Barclays UK, the companies said in a Friday (Feb. 9) press release.

Barclays to Acquire Tesco Bank, Partner With Tesco Stores

Barclays PLC (LSE:BARC) has committed to ending financing for new oil and gas projects and said it will reign in spending on firms involved in expanding fossil fuel production. New finance for upstream oil and gas projects and related infrastructure will cease immediately, Barclays said in a statement on Friday.

Barclays to quit funding new oil and gas

Barclays has agreed to buy Tesco's retail banking branch for a consideration of around $760 million.

Barclays Acquires Tesco's Banking Operations

Barclays told Reuters it will stop direct financing of new oil and gas fields and restrict lending more broadly to energy companies expanding fossil fuel production.

Barclays to adopt fresh curbs on oil and gas financing

Tesco PLC (LSE:TSCO) has sold the majority of its banking operations to Barclays PLC (LSE:BARC) for up to £700 million after striking a long-term strategic partnership. Tesco will receive an initial £600 million of proceeds, with a further £100 million net cash after settlement of regulatory capital amounts and after transaction costs.

Tesco to ramp up buyback after striking banking deal with Barclays

Tesco on Friday said it was selling the retailing banking business of Tesco Bank to Barclays for £600 million initially, and then another £100 million after the settlement of certain regulatory capital amounts and after transaction costs.

Barclays to buy retail banking arm of supermarket chain Tesco for £600 million

British supermarket group Tesco said on Friday it would sell its existing Tesco Banking operations to lender Barclays for up to 700 million pounds ($883.26 million).

Tesco to sell banking operations to Barclays for up to 700 mln pounds

Barclays' CEO C.S. Venkatakrishnan is under pressure to deliver a plan this month to win over restless shareholders clamouring for a streamlined business model and higher, more sustainable returns for a fraction of the risk.

Focus: Barclays investors crave simpler bank as CEO Venkat prepares revamp

Barclays (BCS) now considers selling a majority stake in its U.K. merchants' payment processing unit to buyout firms.

Barclays (BCS) is Now Looking for Buyout Firms for U.K. Unit Sale

Bank of America

BNP Paribas SA

Citigroup

Goldman Sachs

JPMorgan Chase & Co

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NatWest Group plc 

UBS Group AG

A federal appeals court on Thursday dismissed an appeal by investors who accused 10 of the world's largest banks of antitrust violations for conspiring to suppress competition in the now $26 trillion market for U.S. Treasury securities.

Big banks defeat U.S. Treasury rigging appeal

Lloyds Banking Group

Lloyds, Barclays, NatWest and the other high street banks have been told by the financial regulator to justify branch closures to protect those people who still rely on cash. The Financial Conduct Authority said it had been in consultations with the government about new powers that allow it to see why a branch is being closed and what alternative options are in place for cash users.

Lloyds and other high street banks to justify branch closures under new FCA powers

AXA SA

Diageo

HSBC Holdings

Impala Platinum Holdings Ltd

Keurig Dr Pepper Inc

Knight-Swift Transportation Holdings

Cheniere Energy

Persimmon PLC

Sun Hung Kai Properties Ltd

Truist Financial

Exxon Mobil

January 15, Bloomberg Business Week published The Year Ahead special edition. 50 stocks therein touted as “Companies to Watch". YCharts produced this list of January 47 stocks; of which, 32 Pay dividends and 12 measure-up to the dogcatche-ideal of promising dividend-payouts, from $1k invested, greater-than their single-share prices. How're they doin' now? The top-ten Divvy 32 for January ranged 4.09% to 8.59% in annual-yield and ranged 10.87% to 62.07% in one-year price-target-upsides per brokers as of 1/29/24.

47 Stocks From Bloomberg's Dividend Focus For 2024

The Federal Reserve meeting on January 31 announced another decision to keep its interest rate target at 525-550 basis points (bps) or 5.25-5.50%. This was the overall expected outcome since the last meeting.

Investor Alert: Fed's hint at March interest rate sparks panic in markets

Barclays plc is sounding out private equity firms about taking a majority stake in its UK merchant payments business, after overtures to trade buyers yielded muted interest, three people familiar with the matter said.

Barclays shifts focus to buyout firms for UK payments business sale – sources

Barclays is facing being barred from taking part in municipal bonds issued in Texas after being classified as a ‘fossil fuel boycotter' by the US state. Ken Paxton, the state's Attorney General, said the UK lender had not responded to questions about its pledges to cut greenhouse gas emissions.

Barclays receives Texas loan ban for being too ‘woke'

Texas officials have banned Barclays from participating in the state's municipal bond market because of concerns about its environmental, social and governance policies.

Texas Bans Barclays From Participating in Bond Market Due to ESG Commitments

Texas Attorney General Ken Paxton on Friday said Barclays bank would not be permitted to underwrite municipal bonds after failing to respond to questions from state authorities about its pledges to cut greenhouse gas emissions.

Texas bans Barclays from local govt debt business over ESG concerns

China's supportive policies and improving economic data in Europe will boost European luxury companies, Barclays said on Friday, raising its rating on the sector to "overweight".

Barclays upgrades European luxury sector to 'overweight' on China rebound bets

Barclays has seen an improvement in its growth trajectory in the last five years, primarily due to a combination of higher interest rates and investment banking tailwinds. This appears to have slowed following greater economic uncertainty and headwinds from contractionary policy, although Barclays is positioned well to maintain its fundamental improvements. Management has progressively improved its profitability while maintaining a competitive retail and corporate banking business. With a ROE exceeding 10%, we believe it has turned a corner.

Barclays: 0.4x Book Value While Profitability And Quality Improve

Barclays' strategic review, to be announced on 20 February, can be the catalyst for a re-rating of the bank after years of underperformance, according to analysts at US rival JP Morgan.  “The bank has traded at a material discount to tangible book for over a decade, with the equity story out of favour with many investors, but at current valuations, we believe that the stock retains significant upside potential which can be unlocked.

Barclays strategy update to spark overdue re-rating, suggests US bank

Barclays has received an earnings downgrade from broker Shore Capital ahead of its full-year results on 20 February. The broker has kept its buy recommendation but chopped its earnings and dividend expectations by 9% to 27.2p and 8.2p respectively.

Barclays downgraded ahead of results on investment bank concerns

LM Ericsson Telefon

Nokia

Investors should pass on shares of Ericsson and Nokia, say Barclays analysts who downgraded both telecom equipment providers, citing unappealing valuations and struggling radio access networks (RAN).

‘Downcycle not over.' Nokia, Ericsson shares tumble after downgrades at Barclays.

Barclays (LON: BARC) share price has sold off sharply in the past few days as investors digest the ongoing bank earnings season. The stock retreated to a low of 140p on Thursday, about 10% below the highest point this year.

Barclays share price is highly undervalued, CEO says

Barclays CEO C.S. Venkatakrishnan is looking to use the lender's first investor day in a decade to show shareholders it can replicate the success of its investment bank across other divisions to create a stronger, more balanced lender.

Barclays CEO Venkat says pursuing 'more balanced' bank to boost returns

News for Barclays Stock (BCS)