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Barclays: Heading In The Right Direction
Seeking Alpha· 2024-08-12 21:28
PM Images Introduction Barclays PLC (NYSE:BCS) reported 2Q24 results on August 01, 2024. My initial impression was that the numbers were solid, with Barclays UK driving upgraded net interest income guidance, good cost outcomes, and the announcement of a further £750m share buyback. The update appeared to be well-received by the market during the London Stock Exchange ("LSE") morning session, but later in the day, Barclays shares joined other UK banks in a downward trajectory triggered by the Bank of England ...
The J.M. Smucker Co. to Report First Quarter Earnings and Participate in the 2024 Barclays Global Consumer Staples Conference
Prnewswire· 2024-08-07 12:00
ORRVILLE, Ohio, Aug. 7, 2024 /PRNewswire/ -- The J.M. Smucker Co. (NYSE: SJM) will release its first quarter fiscal 2025 financial results on Wednesday, August 28, 2024. A press release, including financial statements and segment information, supplemental materials, pre-recorded management remarks, and a transcript of the pre-recorded remarks will be available beginning at 7:00 a.m. Eastern Time. The Company will webcast a live question and answer session with Mark Smucker, Chair of the Board, President and ...
Barclays Just Raised Its Price Target on These 3 Stocks: August 2024
Investor Place· 2024-08-06 15:34
One of the best ways to spot opportunity is by keeping tabs on stocks with raised price targets from leading firms like Barclays (NYSE:BCS).Oftentimes, a firm, like Barclays will revise targets higher if the financial health of the covered stock has become far more favorable.Or, perhaps they liked what the covered company said in a recent meeting. Or maybe they’re seeing favorable emerging trends in the industry.Whatever the case may be, upgraded prices will often lead to increased buying interest from inve ...
Barclays(BCS) - 2024 Q2 - Quarterly Report
2024-08-01 17:56
Exhibit 99.1 Barclays PLC This exhibit includes portions from the previously published Results Announcement of Barclays PLC relating to the three months ended 30 June 2024, as amended in part to comply with the requirements of Regulation G and Item 10(e) of Regulation S-K promulgated by the US Securities and Exchange Commission (SEC), including the reconciliation of certain financial information to comparable measures prepared in accordance with International Financial Reporting Standards (IFRS). The purpos ...
Barclays(BCS) - 2024 Q2 - Earnings Call Transcript
2024-08-01 12:42
Barclays PLC (NYSE:BCS) Q2 2024 Earnings Conference Call August 1, 2024 4:30 AM ET Company Participants C.S. Venkatakrishnan - Group Chief Executive Anna Cross - Group Finance Director Conference Call Participants Alvaro Serrano - Morgan Stanley Joseph Dickerson - Jefferies Benjamin Toms - RBC Guy Stebbings - BNP Paribas Amit Goel - Mediobanca Edward Firth - Stifel Chris Cant - Autonomous Robin Down - HSBC Andrew Coombs - CitiGroup Operator Welcome to Barclays Half Year 2024 Results Analyst and Investor Con ...
Barclays (BCS) Q2 Earnings Fall Y/Y, 2024 NII View Raised
ZACKS· 2024-08-01 11:56
Barclays’ (BCS) second-quarter 2024 net income attributable to ordinary equity holders of £1.24 billion ($1.56 billion) declined 7% year over year.The company recorded a rise in credit impairment charges, which hurt the results. However, an increase in revenues, a decline in operating expenses (showing the success of efficiency initiatives) and a solid balance sheet aided the results to some extent.Revenues Up, Expenses DipTotal income was £6.32 billion ($7.97 billion), up 1% year over year.Operating expens ...
Barclays profit dips in the second quarter, beats estimates
CNBC· 2024-08-01 06:15
One Churchill Place skyscraper, the Barclays Plc headquarters, at Canary Wharf in London, U.K., on Thursday, Jan. 7, 2021.LONDON — Barclays on Thursday reported second-quarter net profit attributable to shareholders of £1.2 billion ($1.54 billion), slightly lower than a year ago.Analysts polled by Reuters had expected attributable net profit of £1.03 billion for the quarter, according to LSEG data.Revenue came in at £6.3 billion in the second quarter, against a forecast of £6.25 billion.The British lender t ...
Barclays Renews Long-Standing Partnership with Hawaiian Airlines
Prnewswire· 2024-07-26 11:00
Partners since 2013, Hawaiian Airlines® and Barclays US Consumer Bank will continue their consumer and small business credit card programs in a multi-year agreement. WILMINGTON, Del., July 26, 2024 /PRNewswire/ -- Barclays US Consumer Bank, a leading credit card issuer and financial services partner, announced today the renewal of its decade-long co-branded credit card program with Hawai'i's largest and longest-serving airline, Hawaiian Airlines.Under the newly signed agreement, Barclays will continue to is ...
Barclays (BCS) is a Great Momentum Stock: Should You Buy?
ZACKS· 2024-07-24 17:00
Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Whil ...
3 Stocks Worth a Look From the Prospering Foreign Banks Industry
ZACKS· 2024-07-10 14:50
Banks across the globe have been continuously undertaking restructuring efforts to focus more on core operations. While these efforts are expected to result in elevated expenses, they will aid growth in the long run. Moreover, while the uneven economic recovery in developed and emerging nations has been hurting revenue growth for companies within the Zacks Foreign Banks Industry, the current high interest rate environment will continue to provide support.Thus, despite the geopolitical concerns, industry pla ...