|Bid||5.55 x 1800|
|Ask||5.67 x 3000|
|Day's range||5.57 - 5.77|
|52-week range||3.41 - 10.22|
|Beta (5Y monthly)||1.21|
|PE ratio (TTM)||50.54|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||27 Feb 2020|
|1y target est||6.00|
Barclays today announces the appointment of Alex Lynch to the role of Chairman of Banking within its Investment Bank. Mr. Lynch will be based in New York and report to Joe McGrath, Global Head of Banking.
High net worth individuals in the Middle East have become the most risk averse among wealthy investors in emerging markets after being hit by the oil price crash, according to an executive at Barclays private bank. The banks' rich clients across emerging markets are shifting towards perceived safer investments, such as dollar assets, equity-paying dividends or selective fixed income, but risk aversion is not as intense as during the global financial crisis, said Salman Haider, Barclays Private Bank's head of global growth markets.
Amanda Staveley’s private equity firm is demanding that Barclays hand over up to 1,000 documents ahead of a £1.5bn High Court battle over emergency fundraising by the bank at the height of the financial crisis. PCP Capital, which was founded by the financier, is suing Barclays for alleged deceit over its arrangements with Qatar for two emergency fundraisings in 2008 that allowed it to avoid a UK government bailout. Barclays denies wrongdoing and is defending the lawsuit which is due to be heard at London’s High Court starting on June 8.
A U.S. judge on Thursday said institutional investors, including BlackRock Inc <BLK.N> and Allianz SE's <ALVG.DE> Pacific Investment Management Co, can pursue much of their lawsuit accusing 15 major banks of rigging prices in the $6.6 trillion-a-day foreign exchange market. U.S. District Judge Lorna Schofield in Manhattan said the nearly 1,300 plaintiffs, including many mutual funds and exchange-traded funds, plausibly alleged that the banks conspired to rig currency benchmarks from 2003 to 2013 and profit at their expense. "This is an injury of the type the antitrust laws were intended to prevent," Schofield wrote in a 40-page decision.
Barclays today announces the latest charity partners in the Americas that the firm will be supporting through its $125 million (£100 million) COVID-19 Community Aid Package.
Barclays (LON:BARC) analyst Saket Kalia maintained a Hold rating on CyberArk Software (NASDAQ:CYBR) on Wednesday, setting a price target of $109, which is approximately 0.67% below the present share price of $109.74.
Barclays (LON:BARC) analyst Gena Wang maintained a Hold rating on Halozyme (NASDAQ:HALO) Therapeutics on Tuesday, setting a price target of $21, which is approximately 15.39% below the present share price of $24.82.
Barclays (LON:BARC) analyst Eric Beaumont maintained a Hold rating on Brookfield Infrastructure (NYSE:BIPC) on Tuesday, setting a price target of $46, which is approximately 8.77% above the present share price of $42.29.
Barclays Research is enhancing its franchise with the launch of UK Spend Trends 2.0 signals. The new offering builds on Barclays’ strong history of publishing insights about UK consumer spending and provides an in-depth view into consumer spending across more than 250 industries, customer age demographics as well as online and in-store purchases.
A few companies are already giving the public a glimpse of life after stringent coronavirus restrictions wind down in earnest.
Barclays Bank PLC ("Barclays") announced an investor guidance notification today regarding the iPath® S&P GSCI® Crude Oil Total Return Index ETN (Ticker: OILNF/OILND) (the "ETNs"). The ETNs were de-listed from NYSE Arca on April 12, 2018 and currently trade in over-the-counter markets (the "OTC Markets"). Barclays previously announced in its investor guidance issued on March 17, 2020 that a material premium had developed in the trading price of the ETNs in relation to their intraday indicative value and of the potential for the daily redemption value of these ETNs to drop to $0. Barclays announced on April 17, 2020, that the ETNs would undergo a reverse split, which was effective on May 1, 2020 (the "Reverse Split"). Please refer to the press releases dated March 17, 2020 and April 17, 2020 on the Barclays iPath website for further details.
The Chairman of Barclays said the British bank "can and should play a leading role" in tackling climate change, hours after environmental activists sprayed "fake oil" on its headquarters to call on the lender to divest from fossil fuels. Nigel Higgins said the lender was committed to becoming greener. "The size and scale of our business means that we can really help accelerate the transition to a low-carbon economy," Higgins said in a statement marking the British lender's annual investor meeting, due to be held behind closed doors to comply with COVID-19 social distancing rules.
The Chairman of Barclays <BARC.L> said the British bank "can and should play a leading role" in tackling climate change, hours after environmental activists sprayed imitation oil on its headquarters to call on the lender to divest from fossil fuels. Barclays also faced another broadside from rebel shareholder Sherborne Investors <SIGC.L>, which again questioned whether Chief Executive Jes Staley should remain in post given his links to disgraced U.S. financier Jeffrey Epstein. Addressing climate change concerns, Chairman Nigel Higgins said the lender was committed to becoming greener in a statement to mark the annual general meeting, which was held behind closed doors to comply with COVID-19 social distancing rules.
Climate activists from the Extinction Rebellion group sprayed "fake oil" onto the Barclays headquarters in London's Canary Wharf on Thursday, calling on the bank to divest from fossil fuels. Extinction Rebellion said the biodegradable and vegan "oil" was sprayed onto Barclays. During the protest, the group said its activists were social distancing in accordance with guidelines on the coronavirus.
The British parliament's treasury committee chairman has told the chief executive of Barclays to explain delays to granting emergency loans to small businesses. "Many businesses are facing a day to day struggle to survive," Mel Stride, chair of the Treasury Committee, said. "As Barclays customers still seem to be facing issues and new ones may have arisen, I have asked Barclays to explain what is happening, and what it is doing to fix any issues that have arisen."
Banks should have more than enough freed-up capital to back the volume of loans anticipated to help companies bridge the coronavirus pandemic, Bank of England Deputy Governor Sam Woods said on Monday. The BoE has allowed banks to tap a reserve of capital known as the counter cyclical capital buffer to support loans up to 190 billion pounds. Royal Bank of Scotland Chairman Howard Davies told the webinar that banks needed more reassurance from regulators on the amount of time they would get to rebuild capital buffers once the pandemic has passed.
Both can be found under the heading financial information, quarterly results in the investors section of the Paramount website at www.paramount-group.com. Management will provide some opening remarks.
Barclays today announced the launch of a co-location presence in Frankfurt for BARX Futures, further enhancing its execution offering on EUREX.
Norway's sovereign wealth fund will vote in favour of a resolution committing Barclays to tackling climate change at the bank's annual general meeting on May 7, instead of a separate shareholder one, the fund said on Friday. The Norway wealth fund holds a 2.94% stake in Barclays which was worth $1.2 billion at the end of 2019. "We expect all companies in our portfolio to be transparent about their strategy for calculating, disclosing and reducing greenhouse gas emissions in their operations and value chain," the fund said in a statement.
Several international bank stocks rose by double-digit percentages on the day, particularly European lenders Barclays (NYSE: BCS) and Deutsche Bank (NYSE: DB), which closed a respective 13% and 12% higher. Meanwhile, India's HDFC Bank (NYSE: HDB) added 10%. European banks will benefit from the European Union's (EU) decision, handed down on Tuesday, to enact a package of temporary "capital relief" measures for the economic bloc's lenders.