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BCS vs. NRDBY: Which Stock Should Value Investors Buy Now?
ZACKS· 2024-09-17 16:41
Investors interested in stocks from the Banks - Foreign sector have probably already heard of Barclays (BCS) and Nordea Bank AB (NRDBY) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The Zacks Rank is a proven strategy that target ...
Should Value Investors Buy Barclays (BCS) Stock?
ZACKS· 2024-09-17 14:46
The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they bel ...
3 Financial Stocks to Buy in the Current Environment
ZACKS· 2024-09-17 13:20
To control inflation, the Fed raised interest rates for 10 straight policy meetings before finally opting for a rate pause in June 2023. It barely raised rates till the end of 2023 and promised at least three rate cuts in 2024. However, it is only in September of this year that we are finally going to see the first slashing of rates.Fed Chair Jerome Powell has continued to suggest that he is fairly certain of rate cuts this year, but the Fed would embark on that journey only after reviewing further data. Fr ...
Barclays Encounters Obstacles to Sell Its Merchant Payments Stake
ZACKS· 2024-09-16 17:51
Barclays PLC (BCS) has been facing challenges to sell a stake in its U.K. merchant payments unit due to varied opinions on that business’ valuation, four people with knowledge of the matter informed Reuters.What Makes This Pursuit Challenging for Barclays?According to two of the sources, Brookfield was among the private equity firms that withdrew from bidding in recent months due to BCS’s high asking price. Other sources mentioned that negotiations have been complicated by the acquisition of Takepayments, o ...
Barclays Reportedly Struggling to Sell Merchant Payments Stake
PYMNTS.com· 2024-09-15 21:41
Barclays is reportedly having trouble unloading a stake in its U.K. merchant payments unit.That’s according to a report Friday (Sept. 13) by Reuters, which cited sources who say the difficulty is down to differing views on that business’s valuation.Brookfield, which manages more than $825 billion in assets, was one of the private equity firms that walked away from bidding in recent months, chiefly because of Barclays’ asking price, two of the sources said.Other sources said that the negotiations have been c ...
Report: Goldman Sachs to Sell GM Credit Card Business to Barclays
PYMNTS.com· 2024-09-10 21:38
Group 1 - Goldman Sachs and Barclays have reached a deal for Goldman to sell a $2 billion portfolio of loans made to General Motors customers at a discount [1] - Goldman Sachs CEO David Solomon indicated that the bank expects to incur a $400 million loss from the transition of the GM card platform and other retail ventures [1] - The transaction reflects Goldman Sachs' ongoing retreat from retail banking, which has faced losses and regulatory scrutiny [1] Group 2 - Goldman Sachs is still in the process of selling its portfolio of loans tied to Apple, another credit card partnership [2] - Barclays aims to add $10 billion in assets related to the business in the coming years [2] - The GM credit card program has experienced high charge-off rates, with over 10% on Goldman-originated accounts, compared to an annualized charge-off rate of 4.5% for American commercial banks [2] Group 3 - Goldman Sachs has been pivoting away from Main Street banking, having sold GreenSky and "substantially all" of the Marcus loans a year ago [3] - The bank has also reached an agreement with Betterment for the acquisition of Marcus Invest's digital investment accounts [3] - These changes indicate Goldman Sachs' focus on investments, banking, and market-oriented activities [3]
The Toronto-Dominion Bank (TD) Barclays 22nd Annual Global Financial Services Conference (Transcript)
Seeking Alpha· 2024-09-10 15:32
The Toronto-Dominion Bank (NYSE:TD) Barclays 22nd Annual Global Financial Services Conference September 10, 2024 9:45 AM ET Company Participants Ray Chun - Group Head, Canadian Personal Banking Conference Call Participants Unidentified Analyst So good morning, everyone. Our third Canadian bank presentation this morning is from Toronto-Dominion Bank. Joining us today from Toronto-Dominion Bank is Ray Chun, who is the Group Head of Canadian Personal Banking. Welcome, Ray. Ray Chun Thanks for having me, Brian. ...
Marex Group plc to participate in upcoming Barclays Global Financial Services Conference
GlobeNewswire News Room· 2024-09-06 11:03
NEW YORK, Sept. 06, 2024 (GLOBE NEWSWIRE) -- Marex Group plc (‘Marex’ or the ‘Group’), the diversified global financial services platform, today announces that Ian Lowitt, Group Chief Executive Officer, will be participating in a fireside chat at the Barclays Global Financial Services Conference. The fireside chat will take place on Tuesday, September 10th at 7:30 a.m. ET. It will be available via webcast and can be accessed here. Webcast Link: https://cc.webcasts.com/barc002/090924a_js/?entity=67_OXJ12IT A ...
Old National to Present at the 2024 Barclays Global Financial Services Conference
GlobeNewswire News Room· 2024-09-04 18:27
Group 1 - Old National Bancorp will present at the 2024 Barclays Global Financial Services Conference on September 10, 2024, at 2:00 p.m. ET [1] - The presentation will be accessible via a live webcast on the company's Investor Relations website, with a replay available for 90 days [1] Group 2 - Old National Bancorp is the holding company of Old National Bank, the sixth largest commercial bank in the Midwest [2] - The company has approximately $53 billion in assets and $30 billion in assets under management, ranking among the top 30 banking companies in the United States [2] - Old National focuses on building long-term partnerships with clients and supporting the communities it serves, offering services in consumer and commercial banking, wealth management, and capital markets [2] - In 2024, Old National was recognized as one of "The Civic 50," highlighting its commitment to community engagement [2]
Fidelity National Financial CEO Mike Nolan and CFO Tony Park to Speak at the Barclays Global Financial Services Conference
Prnewswire· 2024-09-03 20:10
JACKSONVILLE, Fla., Sept. 3, 2024 /PRNewswire/ -- Fidelity National Financial, Inc. (NYSE: FNF) today announced that Mike Nolan, Chief Executive Officer, and Tony Park, Chief Financial Officer, will participate in a fireside chat at the Barclays Global Financial Services Conference on Tuesday, September 10, 2024 at approximately 12:00 pm Eastern Time.The fireside chat will be available live and for replay via audio webcast on investor.fnf.com.About Fidelity National Financial, Inc.Fidelity National Financia ...