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 Robin Down - HSBC Andrew Coombs - CitiGroup Operator Welcome to Barclays Half Year 2024 Results Analyst and Investor Con ...

Barclays’ (BCS) second-quarter 2024 net income attributable to ordinary equity holders of £1.24 billion ($1.56 billion) declined 7% year over year.The company recorded a rise in credit impairment charges, which hurt the results. However, an increase in revenues, a decline in operating expenses (showing the success of efficiency initiatives) and a solid balance sheet aided the results to some extent.Revenues Up, Expenses DipTotal income was £6.32 billion ($7.97 billion), up 1% year over year.Operating expens ...

One Churchill Place skyscraper, the Barclays Plc headquarters, at Canary Wharf in London, U.K., on Thursday, Jan. 7, 2021.LONDON — Barclays on Thursday reported second-quarter net profit attributable to shareholders of £1.2 billion ($1.54 billion), slightly lower than a year ago.Analysts polled by Reuters had expected attributable net profit of £1.03 billion for the quarter, according to LSEG data.Revenue came in at £6.3 billion in the second quarter, against a forecast of £6.25 billion.The British lender t ...

Partners since 2013, Hawaiian Airlines® and Barclays US Consumer Bank will continue their consumer and small business credit card programs in a multi-year agreement. WILMINGTON, Del., July 26, 2024 /PRNewswire/ -- Barclays US Consumer Bank, a leading credit card issuer and financial services partner, announced today the renewal of its decade-long co-branded credit card program with Hawai'i's largest and longest-serving airline, Hawaiian Airlines.Under the newly signed agreement, Barclays will continue to is ...

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Whil ...

Banks across the globe have been continuously undertaking restructuring efforts to focus more on core operations. While these efforts are expected to result in elevated expenses, they will aid growth in the long run. Moreover, while the uneven economic recovery in developed and emerging nations has been hurting revenue growth for companies within the Zacks Foreign Banks Industry, the current high interest rate environment will continue to provide support.Thus, despite the geopolitical concerns, industry pla ...

Barclays PLC (BCS) is well-poised for growth on the back of its restructuring efforts, along with the company’s strategic initiatives to simplify the business structure. Moreover, the company’s efforts to mitigate expenses are expected to keep aiding growth and drive operating efficiency.However, uncertainties regarding the performance of the capital market make us apprehensive. A persistent rise in credit impairment charges is another major concern for the company as it might hurt financials.Thus, analysts ...

As part of an industry-wide investigation into lenders’ exposure to the private equity industry, Britain’s Prudential Regulation Authority (“PRA”) has asked Barclays PLC (BCS) to review its exposure to leveraged finance. The news was first reported by Bloomberg, citing a source familiar with the matter who asked not to be identified.In the recent past, the Bank of England has been concerned about how lenders across the industry are measuring their exposure to the giants of private equity.In April, the BoE s ...

Surrendering to pressure from several music acts and an ad-hoc movement, Barclays has suspended its sponsorship of all 2024 music festivals organized by Live Nation in the UK. The festivals now without Barclays backing include such popular events such as Download, Latitude, and the Isle of Wight Festival, according to Business Matters. Barclay’s decision was made after several artists complained about the financial firm’s investment ties with arms companies that trade with Israel. Country artist CMAT, me ...

Barclays on Friday suspended its sponsorship of all Live Nation music festivals in 2024 after various acts dropped out in protest over the bank’s links to defense companies that work with Israel.The suspension includes upcoming Live Nation festivals across the UK this summer, including Latitude, Download and the Isle of Wight. 3 Barclays’ links to defense companies that work with Israel has prompted various musicians to drop out of festivals. Bloomberg“The protesters’ agenda is to have Barclays debank def ...