BCS Stock Recent News

Brandon Oglenski, Barclays transportation analyst, joins 'Closing Bell Overtime' to talk FedEx earnings.

A Financial Conduct Authority review into the high-street banks' savings rates have had a positive impact for savers, but one analyst warns that despite a “friendlier face”, better deals can be found elsewhere. The FCA launched a review into the high-street's cash-savings market in July 2023 to assess whether the big banks were fairly passing interest rate rises through to cash savers.

NEW YORK--(BUSINESS WIRE)--Barclays today announces the appointment of Abhishek Singhal as a Managing Director within Technology Investment Banking focused on the Payments sector. Mr. Singhal will be based in New York and will report to Kristin Roth DeClark, Global Head of Technology Investment Banking. His appointment will further strengthen the Payments coverage effort led by Gary Katz, Global Head of Payments Banking. Mr. Singhal joins Barclays from Citigroup where he was a Managing Director.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Barclays is reportedly having trouble unloading a stake in its U.K. merchant payments unit. That's according to a report Friday (Sept.

Barclays is finding it difficult to sell a stake in its British merchant payments business due to diverging views on its valuation, four people with knowledge of the matter told Reuters, complicating the bank's plans to revamp the unit.

UK bank shares were lifted after the regulator set out watered-down rules on the implementation of capital requirements and lending to small businesses, homeowners and for infrastructure projects.  The Prudential Regulation Authority (PRA) published its 'near-final' ruling on how the so-called Basel III regime will be implemented for larger banks, which was initiated in the wake of the 2008 financial crisis to try and ensure banks had enough capital to absorb stress and avoid the need for further government bailouts.

New rules to ease lending have been unveiled by the Bank of England with small businesses and mortgage funding set to get a boost. Shares in Lloyds Banking Group PLC (LSE:LLOY), Barclays, Natwest and HSBC all rose by more than 1% on the news, which follows years of wrangling on how much money banks needed to protect themselves from collapse after the 2008 financial crisis.

Zara owner Inditex underlined its credentials with a steady second quarter numbers and strong trading currently, said analysts at Barclays. Second quarter numbers were slightly ahead of consensus, said the bank, with resilient top-line growth, increased profitability and lower inventory.

Goldman Sachs is close to finalizing a deal to transfer its General Motors credit card business to Barclays , a source familiar with the matter said on Tuesday.