NYSE:BCS
9.00
0.02
(0.22%)
Barclays plc is a British multinational investment bank and financial services company headquartered in London.
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Analysis and Opinions about BCS-N
Signal
Opinion
Expert
COMMENT
COMMENT
September 27, 2019
British banks have been hit badly due to negative sentiment for Brexit. Barclay has had management issues and we've seen political in-fighting. Would prefer Lloyd's. As long as there is Brexit uncertainty, this will be volatile.
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British banks have been hit badly due to negative sentiment for Brexit. Barclay has had management issues and we've seen political in-fighting. Would prefer Lloyd's. As long as there is Brexit uncertainty, this will be volatile.
DON'T BUY
DON'T BUY
August 21, 2019
More focused in London, but also in the Eurozone, where there is a negative interest rate. There could be more downside on the pound if there is a hard Brexit. Would look into U.S. banks.
Show full opinionHide full opinionMore focused in London, but also in the Eurozone, where there is a negative interest rate. There could be more downside on the pound if there is a hard Brexit. Would look into U.S. banks.
COMMENT
COMMENT
May 7, 2019
Barclays vs. Deutsche Bank He prefers Deutsche Bank, because it trades at a much lower valuation. Both trade at a fraction of their book value. Deutsche Bank has turned a corner with cost-cutting, though Barclays pays a better dividend. He likes European banks because they've been so beaten down and are trading at a fraction of valuation of the US banks. This is a pivotal year for Deutsche Bank and it should enjoy a big earnings bump.
Show full opinionHide full opinionBarclays vs. Deutsche Bank He prefers Deutsche Bank, because it trades at a much lower valuation. Both trade at a fraction of their book value. Deutsche Bank has turned a corner with cost-cutting, though Barclays pays a better dividend. He likes European banks because they've been so beaten down and are trading at a fraction of valuation of the US banks. This is a pivotal year for Deutsche Bank and it should enjoy a big earnings bump.
DON'T BUY
DON'T BUY
February 22, 2019
He thinks the UK Brexit situation will likely keep interest rates from rising, which will supportive to the market. He would prefer other names. He would stay away from BCS-N until they show better recovery in earnings.
Show full opinionHide full opinionHe thinks the UK Brexit situation will likely keep interest rates from rising, which will supportive to the market. He would prefer other names. He would stay away from BCS-N until they show better recovery in earnings.
BUY
BUY
February 13, 2019
Deustche Bank vs. Barclay's DB is poorly run; he much prefers Barclay's. DB has gone though massive restructuring with many difficulties, still is. They've had a poorly run retail banking business. With their investment bank, they've bought a lot of things without integrating their technology. So, after the 2008 crash, things got very difficult for DB. A lot of their business was in fixed income where a lot of capital is used. Barclay's is in a much better position. They bought Lehman Brothers; has a great retail business; great credit card and superb investment bank businesses. It's run by an ex-JP Morgan buy. DB is a trade at best, while Barclay's will see growth for a while.
Show full opinionHide full opinion Deustche Bank vs. Barclay's DB is poorly run; he much prefers Barclay's. DB has gone though massive restructuring with many difficulties, still is. They've had a poorly run retail banking business. With their investment bank, they've bought a lot of things without integrating their technology. So, after the 2008 crash, things got very difficult for DB. A lot of their business was in fixed income where a lot of capital is used. Barclay's is in a much better position. They bought Lehman Brothers; has a great retail business; great credit card and superb investment bank businesses. It's run by an ex-JP Morgan buy. DB is a trade at best, while Barclay's will see growth for a while.
COMMENT
COMMENT
January 31, 2019
Trading for half its tangible book value reflecting the European banking sector. He prefers Goldman Sachs (GS-N) on the investment bank side.
Show full opinionHide full opinionTrading for half its tangible book value reflecting the European banking sector. He prefers Goldman Sachs (GS-N) on the investment bank side.
COMMENT
COMMENT
October 11, 2018
Likes it. They bought Lehman, which had investment banking but was really a bond house, so Dodd-Frank caused a lot of capital issues and restrictions. New management is doing a good job by sticking with investment banking and have a great retail franchise in the UK, and they exited businesses around the world that didn't work out. They're going all the right things, though Brexit creates uncertainty. Great credit card business. It will do well, but have to get past Brexit early next year.
Likes it. They bought Lehman, which had investment banking but was really a bond house, so Dodd-Frank caused a lot of capital issues and restrictions. New management is doing a good job by sticking with investment banking and have a great retail franchise in the UK, and they exited businesses around the world that didn't work out. They're going all the right things, though Brexit creates uncertainty. Great credit card business. It will do well, but have to get past Brexit early next year.
DON'T BUY
DON'T BUY
September 5, 2018
He owns other European banks instead. It has 25% of the business in Spain. With interest rates low, it could be poised for a good future once the yield curve normalizes.
He owns other European banks instead. It has 25% of the business in Spain. With interest rates low, it could be poised for a good future once the yield curve normalizes.
DON'T BUY
DON'T BUY
April 10, 2018
He compared it to Deutsche Bank, which he also does not recommend. He thinks they rely on lines of business that will do worse in the future. They were a leading distributor and manufacturer of mortgage-backed securities. “We’re really talking here about Lehman Brothers.” The way the MBS works, conforming MBS doesn’t offer much margin. Subprime and Alt-A were so important because they attract a lot of margin, but those are now out of the mix. He likes the people who work at Barclays, but he would rather put his money in JP Morgan. All the non-American banks are subject to base erosion tax, which raises their costs. JP Morgan and other American banks are not. Brexit also puts the larger American banks into a good position to take share in the European market.
He compared it to Deutsche Bank, which he also does not recommend. He thinks they rely on lines of business that will do worse in the future. They were a leading distributor and manufacturer of mortgage-backed securities. “We’re really talking here about Lehman Brothers.” The way the MBS works, conforming MBS doesn’t offer much margin. Subprime and Alt-A were so important because they attract a lot of margin, but those are now out of the mix. He likes the people who work at Barclays, but he would rather put his money in JP Morgan. All the non-American banks are subject to base erosion tax, which raises their costs. JP Morgan and other American banks are not. Brexit also puts the larger American banks into a good position to take share in the European market.
DON'T BUY
DON'T BUY
October 23, 2017
Prefers Deutsche Bank (DB-N) because it is so much cheaper. Barclays has a whole bunch of other issues on its own. It has had some management issues over the years. Thinks you are best looking elsewhere.
Prefers Deutsche Bank (DB-N) because it is so much cheaper. Barclays has a whole bunch of other issues on its own. It has had some management issues over the years. Thinks you are best looking elsewhere.
DON'T BUY
DON'T BUY
April 6, 2017
Largely speaking, European equities and banks look interesting, but he would probably avoid some of the UK banks. The chart shows this flat lining, a lot of uncertainty surrounding this name in terms of what will happen with BREXIT. If you own, you might want to hold it for a little bit longer, but he wouldn’t add at this point.
Largely speaking, European equities and banks look interesting, but he would probably avoid some of the UK banks. The chart shows this flat lining, a lot of uncertainty surrounding this name in terms of what will happen with BREXIT. If you own, you might want to hold it for a little bit longer, but he wouldn’t add at this point.
COMMENT
COMMENT
January 27, 2017
Lloyds (LLOY-LN) and/or Barclays (BCS-N)? Some of the European banks will generally follow the US banks up a couple of years later. When the US went into Armageddon, they lowered rates and exported capital, and that caused rates globally to go down. The Europeans with the UK raised rates within a year. So, he thinks this will be the same, but if the US starts to raise rates aggressively, that could speed up the process where higher interest rates in Europe make sense. This one has a little more international exposure. He would consider looking at Banco Santander (SAN-N), which survived relatively well during the crisis.
Lloyds (LLOY-LN) and/or Barclays (BCS-N)? Some of the European banks will generally follow the US banks up a couple of years later. When the US went into Armageddon, they lowered rates and exported capital, and that caused rates globally to go down. The Europeans with the UK raised rates within a year. So, he thinks this will be the same, but if the US starts to raise rates aggressively, that could speed up the process where higher interest rates in Europe make sense. This one has a little more international exposure. He would consider looking at Banco Santander (SAN-N), which survived relatively well during the crisis.
COMMENT
COMMENT
November 24, 2016
A lot of European banks are suffering between regulatory problems and the US. They never really repaired themselves post the financial crisis, unlike the US banks. He would tread carefully. On the whole, with 1 or 2 exceptions, he prefers US banks. They have gotten rid of all their regulatory issues a long time ago. (See Top Picks.)
A lot of European banks are suffering between regulatory problems and the US. They never really repaired themselves post the financial crisis, unlike the US banks. He would tread carefully. On the whole, with 1 or 2 exceptions, he prefers US banks. They have gotten rid of all their regulatory issues a long time ago. (See Top Picks.)
SELL
SELL
October 19, 2016
The difficulty with buying things before BREXIT is that you were buying it with a pound that was at its highest level in 18 months. It is up 15% post BREXIT because 75% of its revenues are from outside the UK, and it benefits from the weaker pound. However, the banks are really not a place you want to be if the UK housing market starts to pull back.
The difficulty with buying things before BREXIT is that you were buying it with a pound that was at its highest level in 18 months. It is up 15% post BREXIT because 75% of its revenues are from outside the UK, and it benefits from the weaker pound. However, the banks are really not a place you want to be if the UK housing market starts to pull back.
COMMENT
COMMENT
August 4, 2016
Heavily investment banking related and mostly on the fixed income side, which is a tough environment for fixed income. If he were going to buy a bank in the UK, he would be looking to buy Lloyds (LYG-N), a much more retail oriented bank. Retail in the UK will do fine.
Heavily investment banking related and mostly on the fixed income side, which is a tough environment for fixed income. If he were going to buy a bank in the UK, he would be looking to buy Lloyds (LYG-N), a much more retail oriented bank. Retail in the UK will do fine.
