Barclays PLC Sponsored ADR Stock News

KBW analysts remain optimistic about Barclays PLC (LSE:BARC) following “a strong set” of second-quarter results published last week. "We continue to like Barclays which remains materially undervalued against peers,” said KBW, although noting Barclays' higher cost of equity given its investment banking focus.

Barclays PLC (LSE:BARC) has scrapped the European Union-era bonus cap for its British-based bankers, according to a Reuters report. This move comes after the UK government relaxed restrictions post-Brexit, allowing financial institutions to set their own compensation frameworks.

Barclays has become the latest bank to drastically revise a cap on bonuses for its top bankers in Britain, an internal memo seen by Reuters showed on Thursday.

RBC analysts have raised profit forecasts for Barclays PLC (LSE:BARC), suggesting structural hedge income is expected to be higher than previously thought following second-quarter results. Profit before tax is now expected to sit at £9.3 billion for 2025, against a previous forecast of £8.8 billion, RBC said in a note on Tuesday.

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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 Robi...

Barclays PLC (LSE:BARC) said it plans to launch a £750 million share buyback and return at least £10 billion of capital to shareholders by 2026 as reported profits above expectations and "good progress" on its three-year strategic plan. Profit before tax for the first half of the year came to £4.2 billion, down from £4.6 billion a year ago, as second-quarter profits came in at £1.9 billion, wel...

The British lender is undergoing a major restructuring program in a bid to boost profits.