Barclays PLC Sponsored ADR Stock News

Barclays remains a high-conviction pick, outperforming peers in 2024, trading at ~0.6x 2026 TBV despite a 70% YTD increase. The bank targets a +12% RoTE by 2026, focusing on high-return UK segments and cost efficiency, driving current outperformance. Analysts projections expect Barclays to meet cost-income targets but fall short on RoTE due to lower revenue growth; current valuation reflects a ...

Mortgage rates edged lower once again this week, meaning prospective buyers enjoyed a straight month of declining borrowing costs. According to Moneyfacts, the average rate of a two-year fixed mortgage fell from 5.4685% on Monday to 5.4603% as of Friday.

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Lloyds Banking Group PLC (LSE:LLOY) is still facing potential compensation costs of between £1-3.5 billion for motor finance loans after the defeat for Barclays in court yesterday, Jefferies estimates. The US bank says that the decision going against Barclays was not a surprise Jeffries adds, as judicial reviews rarely find against the financial ombudsman service (FOS) and the bar for Barclays ...

Barclays PLC (LSE:BARC) has seen the High Court reject its appeal over a decision by the Financial Ombudsman related to a car finance loan. The bank said it intends to appeal the decision which ruled it unfairly added £1,300 commission to a car loan arranged in 2018.

Barclays on Tuesday lost its bid to overturn a key ruling on motor finance commission, in a case likely to affect a potential multibillion pound consumer redress scheme from Britain's finance watchdog.

Mortgages rates across the UK declined once again this week as Barclays PLC (LSE:BARC) and Banco Santander (LSE:BNC) were among those to cut. According to Moneyfacts, typical interest on a two-year fixed-rate mortgage declined from 5.4894% to 5.4685% between Monday and Friday.

Barclays aims to hire up to 100 more advisers to drive growth in its private banking and wealth management business, but has ruled out a push into the United States because of heavy competition and high costs of entry.