stockcam About a year ago, in May 2023, I argued that Barclays (NYSE:BCS) (OTCPK:BCLYF) stock is deeply undervalued, and I projected a "triple-digit upside opportunity". Since the argument was made, Barclays has returned about 43% total equity return to investors, including dividend and buybacks, and today I am confident to reiterate my "Buy" thesis. Pointing to Barclay's recently announced Q1 results, I highlight that the Bank reported £6.95 billion of revenues and £2.3 billion of pre-tax profits, both ...

Getting big returns from financial portfolios, whether through stocks, bonds, ETFs, other securities, or a combination of all, is an investor's dream. However, when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.Cash flow can come from bond interest, interest from other types of investments, and of course, dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, ...

HSBC Holdings (HSBC) reported a first-quarter 2024 pre-tax profit of $12.7 billion, down 1.8% from the prior-year quarter. The reported quarter included a $4.8-billion gain following the completion of the disposal of the banking business in Canada, partly offset by a $1.1-billion impairment following the classification of its business in Argentina as held for sale.Results reflected higher expenses, and an increase in expected credit losses and other credit impairment charges (ECL). However, a rise in revenu ...

Goldman Sachs is reportedly closer to exiting its General Motors credit card business.The banking giant is in discussions with Barclays to transfer the issuance of the cards, the latest in its long-term project to move away from consumer lending, the Wall Street Journal (WSJ) reported Tuesday (April 30).Barclays is the top contender to take over the GM cards, which have around $2 billion in outstanding balances, and could reach a deal by this summer, the report said, citing sources familiar with the matter. ...

The former CEO of Barclays is now chairing TikTok challenger Triller.As the Financial Times (FT) reported Saturday (April 27), Bob Diamond has been chairing Triller owner AGBA since September and will serve in that capacity at the video-and-music-focused social media startup as well. According to the report, Triller claims to be worth more than $3 billion, though it has just $36 million in revenue and $1 million in cash on hand last year.AGBA, a financial services company, announced it was merging with Tril ...

Barclays (BCS) reported first-quarter 2024 net income attributable to ordinary equity holders of £1.55 billion ($1.97 billion), down 13% year over year.The company recorded lower revenues in the quarter, which was a negative. However, a decline in operating expenses, along with lower credit impairment charges, aided the results to some extent.Revenues & Expenses DeclineTotal income was £6.95 billion ($8.81 billion), down 4% year over year.Operating expenses (excluding litigation and conduct costs, and charg ...

Exhibit 99.1 Barclays PLC This exhibit includes portions from the previously published Results Announcement of Barclays PLC relating to the three months ended 31 March 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 purpo ...

Barclays PLC (NYSE:BCS) Q1 2024 Earnings Conference Call April 25, 2024 4:30 AM ET Company Participants C.S. Venkatakrishnan - Group Chief Executive Anna Cross - Group Finance Director Conference Call Participants Joseph Dickerson - Jefferies Benjamin Toms - RBC Alvaro Serrano - Morgan Stanley Rohith Chandra-Rajan - Bank of America Guy Stebbings - BNP Paribas Christopher Cant - Autonomous Research Robin Down - HSBC Jonathan Pierce - Numis Corp. Operator Welcome to Barclays Q1 2024 Results Analyst and Invest ...

LONDON — Barclays on Thursday reported first-quarter net income attributable to shareholders of £1.55 billion ($1.93 billion), beating expectations and returning the British lender to profit amid a major strategic overhaul.Analysts polled by Reuters had expected net profit attributable to shareholders of £1.29 billion for the quarter, according to LSEG data.Net income for the first quarter 2023 was $1.78 billion.Barclays reported a net loss of £111 million in the fourth quarter of 2023 due to an operational ...

Barclays PLC’s (BCS) business restructuring and cost-mitigating efforts are likely to aid growth and boost operating efficiency. The company’s recent inorganic expansion initiatives are expected to further boost its profitability. However, uncertainties in the capital markets are likely to impede revenue growth to some extent.BCS’ initiatives to enhance operating efficiency over the last few years have been coming to fruition, which is demonstrated by the reduction in expenses. Though total operating expens ...