|Bid||0.00 x 21500|
|Ask||9.11 x 34100|
|Day's Range||8.93 - 9.10|
|52 Week Range||6.54 - 10.22|
|Beta (5Y Monthly)||0.84|
|PE Ratio (TTM)||80.54|
|Forward Dividend & Yield||0.29 (3.18%)|
|Ex-Dividend Date||Aug 06, 2019|
|1y Target Est||9.66|
Barclays investment bankers are bracing for a double-digit fall in their 2019 bonus pool, as chief executive Jes Staley squeezes pay to ensure the UK lender hits its profitability targets amid criticism by an activist investor. While Barclays has been the best-performing investment bank in Europe recently, its highly paid dealmakers and traders are under pressure from Edward Bramson, who has called for swaths of the previously struggling unit to be closed. It was part of a push by Mr Staley to stay on track to generate a 9 per cent annual return on tangible equity for the overall group.
Barclays (BCS) has been upgraded to a Zacks Rank 2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
(Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. Japanese exports dropped more than expected in December, with the shipments slump dragging on for a 13th month despite recent signs of green shoots in global manufacturing.The value of shipments overseas fell 6.3% from a year earlier, weighed down by sliding exports of cars and auto parts, Ministry of Finance data showed Thursday. The result undershot the estimates of all 28 analysts surveyed by Bloomberg. The median forecast was for a 4.3% decline. December’s drop in overall exports extended the longest stretch of declines since 2016.Still, the report also showed strong gains in shipments of semiconductor-making equipment, adding to evidence of a bottoming of the global tech cycle. That’s a positive for Japan’s outlook, even if economists expect a recovery in the overall figure to be slow. Exports to China, the country’s single biggest overseas market, also inched up for the first time in 10 months.Key InsightsThe monthly data cap a miserable year for Japanese shipments abroad. Exports in 2019 fell 5.6% for the first drop in three years.The ongoing drop in exports adds to headwinds facing a Japanese economy forecast to have shrunk an annualized 3.7% in the fourth quarter as domestic factors, including typhoon damage and a hike in the sales tax, hit growth.Still, accelerating gains in shipments of chip-making equipment, which rose 25.8% in December, could indicate a turnaround in the tech industry, whose yearlong slump has been a large factor in Japan’s trade woes.“The bottoming out of the adjustments in the IT sector is a positive factor and that should support a recovery,” said Barclays economist Kazuma Maeda, who also said a clear rebound would take time.The phase-one trade agreement signed this month between the U.S.-and China should also brighten the outlook for shipments in 2020, though tensions could flare up again.In the near-term, there’s also less onus now on Japan’s exports to support growth since the Abe administration last month unveiled $120 billion in economic stimulus measures. The package was a big reason the Bank of Japan this week raised its growth forecast for the coming fiscal year, though it warned that overseas risks still need careful monitoring.What Bloomberg’s Economist Says“The phase-one trade deal is positive, in that it could help lift demand from China. Without a stronger performance in the U.S., though, exports are likely to remain sluggish overall..”\--Yuki Masujima, economistClick here to read more.Get MoreImports slid 4.9% in December, compared with economists’ median estimate for a 3.2% drop.The trade balance was a 152.5 billion yen deficit, roughly in line with analysts’ forecasts.Exports to the U.S. dropped 14.9%, while those to Europe fell 5.6%.Car shipments slid 11.8%; auto parts declined 10.9%.On the positive side, shipments to China edged up 0.8%, led by a near 60% surge in chip equipment to the market.Overall shipments of semiconductor-making equipment rose 25.8%, much better than the average double-digit declines of April-September. Chip exports increased by 2.6%.(Adds economists’ comment and detail throughout.)\--With assistance from Toru Fujioka.To contact the reporter on this story: Yuko Takeo in Tokyo at email@example.comTo contact the editors responsible for this story: Malcolm Scott at firstname.lastname@example.org, Jason Clenfield, Paul JacksonFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Britain's regulators should have a formal role after Brexit to keep the financial sector globally competitive and less prone to "gold-plating" international norms, an industry think tank said on Thursday. The International Regulatory Strategy Group (IRSG) said new thinking and targeted reforms were required after Britain leaves the European Union on Jan. 31.