Barclays share price

2023 - 2 - 15

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Earnings: why the Barclays share price just fell 10% (Motley Fool UK)

The Barclays share price had been recovering, as the FTSE 100 keeps setting new records. But it's just suffered a setback on results day.

But the Bank of England thinks it won’t be as bad as previously feared. But it can be a key measurement for banks, and I find the size of the decrease disappointing. I’d say that more than compensates for a likely lacklustre 2023. But we’ve just seen a figure of 10.4% for 2022, down from 13.1% in 2021. Barclays’ year was clouded by a trading error and the resulting financial penalties. And that means the total payout equivalent decreased from 15p per share to 13.4p. It has a target of “greater than 10%” in 2023. On the upside, the bank lifted its 2022 dividend by 21%, to 7.25p per share. Perhaps, more worryingly, the Q4 figure was lower, at 8.9% compared to 9% a year ago. The final quarter saw a dip too, of 4%. Markets will surely be turned off by the board’s outlook for 2023. Rises in interest rates should have helped boost lending in the

Barclays share price plunges as 2022 profits and buybacks fall (FOREX.com)

Barclays said pretax profit fell to £1.3 billion in the fourth quarter of 2022, falling just short of the £1.4 billion pencilled-in by analysts.

The information and opinions in this report are for general information use only and are not intended as an offer or solicitation with respect to the purchase or sale of any currency or CFD contract. This has caused the stock to fall below the 174.40p level of support-turned-resistance that was in play throughout 2021 and 2022. Barclays reported a cost to income ratio of 69% in the fourth quarter, with the metric coming in at 67% over the full year. Any opinions, news, research, analyses, prices or other information contained herein is intended as general information about the subject matter covered and is provided with the understanding that we do not provide any investment, legal, or tax advice. This report has been prepared without regard to the specific investment objectives, financial situation and needs of any particular recipient. The bank said it is aiming to deliver a return on tangible equity (RoTE) of over 10% in 2023, having come in at 10.4% in 2022. That has brought the 50-day moving average back into play for the first time since the start of the year. All opinions and information contained in this report are subject to change without notice. The 21 brokers that cover Barclays have an average target price of 247.88p, implying there is almost 33% potential upside from current levels. Barclays raised its total dividend for 2022 to 7.25p per share from the 6.0p payout we saw in 2021. However, the annual drop in pretax profit of 16% to £7.0 billion was in-line with expectations. That should be welcomed by investors that will now believe Barclays can put this debacle behind it even if there are some civil suits to worry about.

Barclays staff to share £1.2bn in bonuses despite drop in profits (The Guardian)

The 15% fall in profits follows costs of US trading blunder and money being put aside for defaults by borrowers.

That figure includes the costs of rectifying a trading blunder that led to the sale of US securities that Barclays had not been authorised to sell. “As regulation clamps down on fossil fuel use and the world moves towards cleaner energy sources, Barclays is swimming against the tide of progress well behind its peers.” Barclays not only had to pay a US fine for the error but also had to buy back the securities it wrongly sold. Activists, meanwhile, hit out at the bank’s updated climate policy, which was released alongside the annual results on Wednesday. That is more than the £5.2m that its chief executive, CS Venkatakrishnan, received for 2022, including his £2m bonus. Venkatakrishnan has been undergoing cancer treatment in the US.

Barclays Shares Sink 8% As Full-Year Profits Tumble (Forbes)

FTSE 100 banks slumped on Wednesday, led by Barclays which released worse-than-expected trading numbers for 2022. The Barclays share price tumbled 8% to ...

She said that the bank “is more than able to stomach” its US litigation costs from a financial standpoint. For 2023 the bank predicted that its NIM would rise to above 3.2%. It also announced the launch of a fresh £500 million share repurchase programme, taking total buybacks for 2022 to £1 billion. Higher interest rates led to a rise in the bank’s income last year. The FTSE 100 bank was also whacked by £1.6 billion worth of litigation and conduct charges last year. However, an extra £498 million credit impairment charge in the fourth quarter helped push Barclays profits lower in 2022.

Barclays Stock Deserves Better Than This (Bloomberg)

Investors seem to have gotten overexcited ahead of results, driving the shares up on hopes that the UK bank would exceed elevated forecasts for revenue, profit ...

Barclays shares slide most in a year after disappointing results ... (Shares magazine)

Shares tumble on 'underwhelming' full-year update. - Retail and investment bank both miss forecasts. - Share buyback not enough to lift sentiment.

[BARCLAYS](https://www.sharesmagazine.co.uk/shares/share/BARC/news/shares) [SIPP](https://www.sharesmagazine.co.uk/youinvest/deal-online/446847639%3B250758385%3Bd), [ISA](https://www.sharesmagazine.co.uk/youinvest/deal-online/446870105%3B250758385%3Bn)or [Dealing account](https://www.sharesmagazine.co.uk/youinvest/deal-online/446852835%3B250758385%3Bx). ‘In light of the ongoing worries on inflation and interest rates and the impact on the economy, investors are likely to continue to take a cautious stance on bank shares in the near term despite low valuations across the sector.’ [meet](https://www.sharesmagazine.co.uk/news/market/LSE20230215070004_4674655/annual-final-results) market expectations was charges for expected credit losses, which increased to £500 million in the final quarter due to the bank’s deteriorating macroeconomic forecast for the UK taking full-year provisions to £1.2 billion. The firm’s fourth quarter income of £5.8 billion was below the consensus forecast of £6.1 billion due to a weaker-than-expected net interest margin in the retail bank and a lower-than-expected return from the investment bank. [LLOY](/shares/share/LLOY)), down 2% to 52.5p, and NatWest Group ( [NWG](/shares/share/NWG)), which reports earnings this Friday. [BARC](/shares/share/BARC)), typically the first of the UK lenders to report its earnings, slumped as much as 9% to 171p, their worst performance in over 12 months, after the bank’s latest results comprehensively missed market expectations.