BARC LN

Barclays PLC

Finance/Real Estate


Presented:01/12/2014
Price:£2.90
Cap:$69.70B
Current Price:£2.34
Cap:$52.22B

Presented

Date01/12/2014
Price£2.90
Market Cap$69.70B
Ent ValueN/A
P/E RatioN/A
Book Value£6.77
Div YieldN/A
Shares O/S16,106.51M
Ave Daily Vol44,710,000
Short IntN/A

Current

Price£2.34
Market Cap$52.22B
Barclays PLC provides various financial products and services worldwide. The company operates in UK Retail and Business Banking, Europe Retail and Business Banking, Africa Retail and Business Banking, Barclaycard, Investment Bank, Corporate Banking, and Wealth and Investment Management groups. It offers current accounts, savings products, Woolwich branded mortgages, unsecured loans, general insurance, and banking and money transmission services to small and medium sized businesses; investment and insurance products, and business lending services; and retail, corporate, and credit card services. The company also offers international payments services for individual and business customers, including credit cards and consumer lending; investment banking services comprising strategic advisory, financing, and risk management services to large corporate, government, and institutional clients; integrated corporate banking solutions, including cash management services to corporates, financial institutions, and multinationals; and a range of wealth management services, such as international and private banking, investment management, fiduciary, and brokerage services. Barclays PLC was founded in 1896 and is headquartered in London, the United Kingdom.

Highlights

Big banks trading at near book value and below tangible book value won’t last long, in the presenter’s opinion. In particular, he thinks the UK banking sector may offer investors a unique pair of longs in Barclays and Lloyd’s. Generally speaking, banks remain at depressed levels due to concerns about governments re-regulating, and how they will generate return on capital given global interest rates and macroeconomic conditions. He feels the bear story has largely run its course for larger, reasonably well-run banks and it will not be long before “franchise banks” trade back up to 2-2.5x book value.

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Idea Discussion

Commentor 1 - 2 weeks ago

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