8.18 -0.09 (-1.09%)
Pre-Market: 8:17AM EDT
|Bid||8.21 x 21500|
|Ask||8.22 x 1000|
|Day's Range||8.17 - 8.29|
|52 Week Range||7.07 - 11.82|
|Beta (3Y Monthly)||0.73|
|PE Ratio (TTM)||73.84|
|Forward Dividend & Yield||0.26 (3.27%)|
|1y Target Est||8.65|
European shares slipped on Thursday as weak earnings from Nokia and news of failed attempts at mergers added to a downbeat mood on renewed fears of a slowdown in global growth. The pan-European STOXX 600 ...
3M: What to Expect from Its Q1 Earnings(Continued from Prior Part)Analysts’ consensus on 3M Investors give higher importance to analysts’ views, recommendations, and target prices when tracking the stock price movement. The number of analysts
Barclays chief executive Jes Staley on Thursday pledged to slash banker bonuses if profits don’t improve in what was a tricky quarter for investment banks across London and New York. While Barclays was able to increase investment banking market share for the sixth quarter running, Staley admitted to a “lightness” in revenues and said bankers would pay the price. “That is how a bank should be run,” said Staley.
London-based Barclays bank says it may cut costs if "challenging" economic conditions persists throughout the year. Pre-tax profit from Barclays' corporate and investment banking business fell 30%. The bank says it has already cut bonus and compensation payouts across the corporate and investment bank to reflect the division's poor performance.
Profit at Barclays fell 10 percent in the first quarter as its under-pressure investment bank struggled with tough markets, prompting it to signal further cost cuts if these conditions persist. The poor investment banking performance comes at an awkward time for chief executive Jes Staley, who is locked in a public battle with activist investor Edward Bramson who wants to see the unit pared back to boost overall returns at Barclays. Barclays said on Thursday returns in the investment banking business fell to 9.5 percent from 13.2 percent a year ago, while its overall profit was 1.54 billion pounds ($1.99 billion).
Barclays has slashed costs at its investment bank to the lowest level in almost four years as it attempts to improve profitability at the underperforming unit and stave off an attack from activist investor ...
Barclays first-quarter profit fell 10% over the first three months of the year, amid challenging market conditions and lingering concerns over Brexit.
The pan-European Stoxx 600 was down around 0.15% during early afternoon deals, with most sectors and major bourses in negative territory. Nokia reported a surprise quarterly loss on Thursday, citing tough competition in its core networks business. Shares of the Finnish telecom network equipment maker tumbled more than 8% on the news.
It applies to Edward Bramson’s prosecutorial case that Barclays is guilty of a dire strategy error. Chief executive Jes Staley is committed to keeping a sizeable investment bank. In the first quarter, the pre-tax profits of Barclays’ corporate and investment bank fell a third year on year to £827m.
Allianz and Amundi are considering rival deals to tie up their asset management units with Deutsche Bank's DWS, sources close to the matter said on Wednesday. Any deal to merge DWS with a peer and give it additional scale could also be presented as a strategic revamp of the troubled bank, in case Commerzbank talks fail.
Barclays Bank PLC (“Barclays”) announced today that the NASDAQ exchange (the “Exchange”) has notified Barclays that the listing of the iPath® US Treasury 2-year Bull ETN (the “ETNs”) (DTUL) no longer complies with certain of the Exchange’s continued listing criteria. Specifically, the Exchange has determined that the ETNs have a publicly held market value of less than $400,000 (see the Exchange listing rule 5710(k)(iv)(C)(2)(a)), as calculated pursuant to the Exchange’s listing rules that are required for continued listing. As per the Exchange’s listing rule 5005(a)(23), the Exchange uses the closing bid prices of the ETNs multiplied by the estimated ETN shares held by non-concentrated holders1 using publicly available data to determine the publicly held market value of the ETNs.
Cyprus has seen strong demand for its inaugural 30-year bond sale in the latest sign of the country’s recovery from a fiscal and economic crisis that peaked six years ago. The deal represents the first time the country has sold debt with a 30-year maturity, and it comes three years after the country emerged from a painful bailout programme, in which it borrowed roughly €7.5bn from the EU and International Monetary Fund. Cyprus has found a more stable footing since losing access to international capital markets in 2013 amid troubles in its banking sector and deteriorating public finances.
Barclays Chief Executive Officer Jes Staley, in charge since 2015, has pushed a strategy of expanding the firm’s investment-banking operations -- a plan that has come under increased pressure since Bramson’s Sherborne Investors began buying up shares and agitating for change. The division that houses trading and investment banking has the lowest return on equity, a measure of profit, of any unit at the U.K. bank.
Oil may be the next saving grace. Investors say a potential uptick in crude prices might be the latest tailwind for the developing world after the White House scrapped waivers tied to Iranian oil sanctions.
Edward Bramson, the activist shareholder seeking a seat on Barclays’ board, worries that chief executive Jes Staley is too much of an investment banker. In all of this, Mr Staley is quite the opposite of his Minotaur-admiring, vocally colourful, and more generous former head of investment banking, Tim Throsby, if anecdotes are any guide. Mr Throsby oversaw an expansion at Barclays’ Corporate and Investment Bank that funded many a second home but paid scant regard to Mr Staley’s target of a 10 per cent return on tangible equity.
The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines Barclays to cut bonuses for investment bankers https://on.ft.com/2PpB44d ...
The British bank is cutting bonuses as part of a cost-cutting measure to enhance returns at the bank's underperforming investment division, the FT said, citing several people briefed on the plans. Monday was a public holiday in Britain, and Barclays declined to comment on the matter. Last month, the chief executive of Barclays, Jes Staley, took direct control of its investment bank and ousted head Tim Throsby in a surprise shake-up.
British state-controlled lender the Royal Bank of Scotland has doubled its funding pot to support small businesses to 6 billion pounds ($7.8 billion), but says the extra cash is no longer primarily for Brexit-proofing businesses. NatWest, the biggest trading arm of RBS, said it had topped up its so-called Growth Fund in response to high demand from firms in industries including green energy and technology. It said at the time that it was doing so after identifying nearly 2,000 businesses it lent to that were likely to suffer payment or supply problems due to Britain's exit from the European Union.
Moody's Investors Service ("Moody's") has assigned a P-1 letter of credit-backed rating to District of Columbia General Obligation Commercial Paper Bond Anticipation Notes, Series 2019 (the Notes). Barclays Bank PLC (the Bank) will issue a letter of credit (LOC) to support the Notes. Upon the effective date of the LOC, the rating on the Notes will be based on (i) the LOC provided by the Bank, (ii) the structure and legal protections of the transaction which provide for timely payment of principal and interest to Note holders, and (iii) our evaluation of the credit quality of the Bank issuing the LOC.