Barclays(BCS)

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Barclays(BCS) - 2023 Q2 - Quarterly Report
2023-07-26 16:00
Exhibit 99.1 Barclays PLC This exhibit includes portions from the previously published Results Announcement of Barclays PLC relating to the six months ended 30 June 2023, 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 purpose ...
Barclays(BCS) - 2023 Q1 - Earnings Call Transcript
2023-04-27 15:08
Barclays PLC (NYSE:BCS) Q1 2023 Earnings Conference Call April 27, 2023 4:30 AM ET Company Participants Venkatakrishnan - Group Chief Executive Anna Cross - Group Finance Director Conference Call Participants Omar Keenan - Credit Suisse Jason Napier - UBS Joseph Dickerson - Jefferies Rohith Chandra-Rajan - Bank of America Jonathan Pierce - Numis Guy Stebbings - Exane BNP Paribas Alvaro Serrano - Morgan Stanley Christopher Cant - Autonomous Research Edward Firth - Stifel Andrew Coombs - Citi Operator Welcome ...
Barclays(BCS) - 2023 Q1 - Quarterly Report
2023-04-26 16:00
Barclays PLC 1 Notes The terms Barclays and Group refer to Barclays PLC together with its subsidiaries. Unless otherwise stated, the income statement analysis compares the three months ended 31 March 2023 to the corresponding three months of 2022 and balance sheet analysis as at 31 March 2023 with comparatives relating to 31 December 2022 and 31 March 2022. The abbreviations '£m' and '£bn' represent millions and thousands of millions of Pounds Sterling respectively; the abbreviations '$m' and '$bn' represen ...
Barclays(BCS) - 2022 Q4 - Earnings Call Transcript
2023-02-15 15:06
Barclays PLC (NYSE:BCS) Q4 2022 Earnings Conference Call February 15, 2023 4:30 AM ET Company Participants C.S. Venkatakrishnan - Group CEO & Director Anna Cross - Group Finance Director & Director Conference Call Participants Joseph Dickerson - Jefferies Omar Keenan - Crédit Suisse Alvaro Serrano - Morgan Stanley Jason Napier - UBS Jonathan Pierce - Numis Securities Christopher Cant - Bernstein Autonomous Martin Leitgeb - Goldman Sachs Group Benjamin Toms - RBC Capital Markets Guy Stebbings - BNP Paribas E ...
Barclays(BCS) - 2022 Q4 - Annual Report
2023-02-14 16:00
Barclays PLC (Name of Registrant) February 15, 2023 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A-16 OR 15D-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 1 Churchill Place London E14 5HP England (Address of Principal Executive Office) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. This Report on Form 6-K is filed by Barclays PLC. This Report comprises: ...
Barclays(BCS) - 2022 Q4 - Annual Report
2023-02-14 16:00
SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 20-F ¨ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 þ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended 31 December 2022 ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________to _______________ ¨ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE ...
Barclays(BCS) - 2022 Q3 - Earnings Call Transcript
2022-10-26 20:26
Barclays PLC (NYSE:BCS) Q3 2022 Results Conference Call October 26, 2022 4:30 AM ET Company Participants CS Venkatakrishnan - Group Chief Executive Anna Cross - Group Finance Director Conference Call Participants Alvaro Serrano - Morgan Stanley Joseph Dickerson - Jefferies Jonathan Pierce - Numis Rohith Chandra-Rajan - Bank of America Omar Keenan - Credit Suisse Chris Cant - Autonomous Martin Leitgeb - Goldman Sachs Edward Firth - KBW Guy Stebbings - BNP Paribas Exane Adam Terelak - Mediobanca Rob Noble - D ...
Barclays PLC (BCS) CEO C. S. Venkatakrishnan on Half Year 2022 Results - Earnings Call Transcript
2022-07-29 08:12
Barclays PLC Q2 2022 Earnings Conference Call Summary Company Overview - **Company**: Barclays PLC (NYSE: BCS) - **Date of Call**: July 28, 2022 - **Participants**: C. S. Venkatakrishnan (Group Chief Executive), Anna Cross (Group Finance Director), and various analysts from major financial institutions Key Financial Highlights - **Profit Before Tax**: £3.7 billion for the first half of 2022, with an attributable profit of £2.5 billion [3] - **Group Income**: £13.2 billion, up 10% year-on-year, excluding hedging benefits related to over-issuance [3] - **Return on Tangible Equity (RoTE)**: 10.1% for the first half, with Q2 RoTE at 8.7% [3][7] - **CET1 Ratio**: 13.6%, comfortably within the target range of 13-14% [4][20] - **Dividend**: Half-year dividend of 2.25p per share announced, alongside a share buyback of up to £0.5 billion [4][41] Over-Issuance of Securities - **Impact**: The over-issuance of securities under US shelf registration statements resulted in a net impact of approximately £580 million for the first half [5][6] - **Rescission Offer**: Terms agreed for affected customers, effective August 1, with ongoing engagement with the SEC [5][19] Business Performance - **Income Growth**: - Barclays UK: Up 6% - Consumer Cards and Payments: Up 29% - Corporate and Investment Bank (CIB): Up 10% (excluding over-issuance impact) [8][9] - **FICC Performance**: Strong performance in Fixed Income, Currency, and Commodities (FICC) with a 52% year-on-year increase in income [8] - **Transaction Banking**: Growth driven by increased economic activity and rising interest rates [9][22] Cost Management - **Operating Costs**: Increased by 3% year-on-year, with a focus on managing costs amid inflationary pressures [20][26] - **Cost-Income Ratio**: Improved to 62% excluding over-issuance charges, with a target of below 60% in the medium term [27] - **Investment in Growth**: Continued investment in strategic priorities, including the acquisition of the Gap US credit card portfolio and Kensington Mortgages [13][30] Macroeconomic Environment - **Economic Uncertainty**: Barclays remains vigilant regarding potential economic downturns, with a focus on supporting customers facing rising living costs [10][11] - **Impairment Charges**: Net charge of £200 million for the quarter, with stable delinquency rates and a total impairment allowance of £6.0 billion [31][32] Strategic Initiatives - **Sustainable Finance**: Acted as lead manager on significant green bond transactions, reinforcing Barclays' position in sustainable finance [15] - **Digital Transformation**: Continued enhancements to the Barclays mobile app, with over 10 million users and significant self-service capabilities [14] Analyst Questions and Responses - **Revenue Momentum**: Barclays maintains a target of greater than 10% RoTE for the year, citing broad-based revenue growth across all business lines [44][46] - **Cost Trajectory for 2023**: Focus on operating leverage and selective investments, with expectations for lower litigation and conduct charges next year [48][50] Conclusion - **Overall Performance**: Strong first half of 2022 with broad-based income growth, robust capital position, and a commitment to returning capital to shareholders [40][41] - **Outlook**: Confidence in continued revenue momentum and readiness for potential macroeconomic challenges [40][41]