Barclays Bank PLC

BCS-N

NYSE:BCS

9.74
0.66 (7.27%)
Barclays plc is a British multinational investment bank and financial services company headquartered in London.
More at Wikipedia

Analysis and Opinions about BCS-N

Signal
Opinion
Expert
COMMENT
COMMENT
April 16, 2014

Some of these banks are a little sloppy because of a Ukraine situation. Feels there are opportunities in the banks because we have basically been going sideways for so long, but you really have to pick and choose. (See Top Picks.)

Some of these banks are a little sloppy because of a Ukraine situation. Feels there are opportunities in the banks because we have basically been going sideways for so long, but you really have to pick and choose. (See Top Picks.)

Rick Stuchberry
Portfolio Manager, Wellington-Altus Private Wealth
Price
$16.070
Owned
Unknown
BUY
BUY
January 9, 2014

Lloyds with a big investment bank stapled onto it. Big credit card business. Investment bank is the sore spot. Others have taken a lot of costs out of their businesses. They think better things are ahead for this part of the business. This one is cheaper on a valuation basis than others. Thinks it should do well.

Lloyds with a big investment bank stapled onto it. Big credit card business. Investment bank is the sore spot. Others have taken a lot of costs out of their businesses. They think better things are ahead for this part of the business. This one is cheaper on a valuation basis than others. Thinks it should do well.

Craig Millar
Chief Investment Officer & Portfolio Mgr, Norrep Funds
Price
$18.900
Owned
Unknown
BUY
BUY
October 28, 2013

(Market Call Minute.) Banking in the UK is improving. Have new management, which is trying to concentrate on more and steadier businesses like asset management.

Barclays Bank PLC (BCS-N)
October 28, 2013

(Market Call Minute.) Banking in the UK is improving. Have new management, which is trying to concentrate on more and steadier businesses like asset management.

Gavin Graham
Trustee, Pointbreak ETFs
Price
$16.970
Owned
No
COMMENT
COMMENT
October 24, 2013

Higher interest rates are going to cure their past issues. Probably a higher risk than Lloyd’s (LYG-N) or HSBC (HBC-N). If you’ve held it for a long period of time, your choices are a) double down or b) Sell and move into HSBC if you want financial exposure. However, he feels there will be more upside over a 3-5 year period.

Barclays Bank PLC (BCS-N)
October 24, 2013

Higher interest rates are going to cure their past issues. Probably a higher risk than Lloyd’s (LYG-N) or HSBC (HBC-N). If you’ve held it for a long period of time, your choices are a) double down or b) Sell and move into HSBC if you want financial exposure. However, he feels there will be more upside over a 3-5 year period.

Darren Sissons
Vice President and Partner, Campbell Lee & Ross
Price
$17.280
Owned
Unknown
PAST TOP PICK
PAST TOP PICK
September 5, 2013

(A Top Pick September 13/12. Up 31.57%.) Still thinks this is very undervalued. Trading at only 7-8 times earnings, well below its global peers. Still room to go.

Barclays Bank PLC (BCS-N)
September 5, 2013

(A Top Pick September 13/12. Up 31.57%.) Still thinks this is very undervalued. Trading at only 7-8 times earnings, well below its global peers. Still room to go.

Stan Wong
Director & Portfolio Manager, Private Wealth Management, ScotiaMcleod
Price
$18.480
Owned
Yes
TOP PICK
TOP PICK
September 13, 2012

Hasn’t bought as yet but is looking to purchase on a pull back. Number 4 bank in terms of assets globally. Obviously got hurt by the entire European debt situation. Last week’s action by the ECB has certainly helped the stock. Has broken out above the 200 day moving average. In this kind of a situation, you want to have a stop loss in place.

Barclays Bank PLC (BCS-N)
September 13, 2012

Hasn’t bought as yet but is looking to purchase on a pull back. Number 4 bank in terms of assets globally. Obviously got hurt by the entire European debt situation. Last week’s action by the ECB has certainly helped the stock. Has broken out above the 200 day moving average. In this kind of a situation, you want to have a stop loss in place.

Stan Wong
Director & Portfolio Manager, Private Wealth Management, ScotiaMcleod
Price
$14.350
Owned
No
DON'T BUY
DON'T BUY
May 3, 2012
A little bit nervous about owning UK banks. Cheap on a book tangible basis and the government is supportive of the banks so you can be pretty much assured they are not going to be nationalized. Doesn't see where you are going to get growth.
A little bit nervous about owning UK banks. Cheap on a book tangible basis and the government is supportive of the banks so you can be pretty much assured they are not going to be nationalized. Doesn't see where you are going to get growth.
Mark Grammer
Managing Dir. & Portfolio Manager, Gluskin Sheff & Associates
Price
$13.690
Owned
No
COMMENT
COMMENT
February 2, 2012
(Doesn't own equity but owns a number of their fixed instruments.) With its geographic exposure, it doesn't have a huge opportunity to organically grow its deposit base. Prefers Standard Chartered Bank (STAN-LSE). You might use this as a trade, but not a long-term hold.
Barclays Bank PLC (BCS-N)
February 2, 2012
(Doesn't own equity but owns a number of their fixed instruments.) With its geographic exposure, it doesn't have a huge opportunity to organically grow its deposit base. Prefers Standard Chartered Bank (STAN-LSE). You might use this as a trade, but not a long-term hold.
Charles Lannon
Director of Research, Toron Investment Management
Price
$14.420
Owned
Yes
DON'T BUY
DON'T BUY
September 26, 2011
For 3-5 years? He has very little weighting in European bank. The issue with banks globally is that they have grown through mortgage lending but since the housing bubble burst, banks aren't really able to grow. You are also facing a very difficult regulatory environment.
Barclays Bank PLC (BCS-N)
September 26, 2011
For 3-5 years? He has very little weighting in European bank. The issue with banks globally is that they have grown through mortgage lending but since the housing bubble burst, banks aren't really able to grow. You are also facing a very difficult regulatory environment.
Mark Grammer
Managing Dir. & Portfolio Manager, Gluskin Sheff & Associates
Price
$10.000
Owned
No
BUY
BUY
September 2, 2011
This is the time to own the banking sector. One of the issues with this one is that they are heavily weighted to investment banking so will probably trade at a discount to a good retail bank. Trading at a very cheap multiple. This should do well over the next 3-4 years. (See Top Picks.)
Barclays Bank PLC (BCS-N)
September 2, 2011
This is the time to own the banking sector. One of the issues with this one is that they are heavily weighted to investment banking so will probably trade at a discount to a good retail bank. Trading at a very cheap multiple. This should do well over the next 3-4 years. (See Top Picks.)
Paul Harris, CFA
Partner and Portfolio Manager, Harris Douglas Asset Management
Price
$10.600
Owned
Unknown
DON'T BUY
DON'T BUY
February 23, 2011
European banks are inexpensive compared to Cdn and US banks. Main over hangs are the outlooks for the domestic economies and the sovereign debt of their countries. Prefers Standard Chartered (STAN-London Stock Exchange).
Barclays Bank PLC (BCS-N)
February 23, 2011
European banks are inexpensive compared to Cdn and US banks. Main over hangs are the outlooks for the domestic economies and the sovereign debt of their countries. Prefers Standard Chartered (STAN-London Stock Exchange).
Charles Lannon
Director of Research, Toron Investment Management
Price
$20.630
Owned
No
BUY
BUY
December 23, 2010
Incredible that they got Lehman Brothers so cheap. Became a top-level investment banker. About 50% banking in the UK and about 50% in investment banking. A lot of volatility so M&A activity should be good.
Barclays Bank PLC (BCS-N)
December 23, 2010
Incredible that they got Lehman Brothers so cheap. Became a top-level investment banker. About 50% banking in the UK and about 50% in investment banking. A lot of volatility so M&A activity should be good.
Paul Harris, CFA
Partner and Portfolio Manager, Harris Douglas Asset Management
Price
$16.630
Owned
Unknown
BUY
BUY
February 18, 2010
Is a very different company than a year ago due to their acquisition. Doesn’t like that they sold off iShares. They will be valued differently from now on. The investment banking side is the volatile part of the business and will keep the multiple low. Likes it and over the long time they will do very well.
Barclays Bank PLC (BCS-N)
February 18, 2010
Is a very different company than a year ago due to their acquisition. Doesn’t like that they sold off iShares. They will be valued differently from now on. The investment banking side is the volatile part of the business and will keep the multiple low. Likes it and over the long time they will do very well.
Paul Harris, CFA
Partner and Portfolio Manager, Harris Douglas Asset Management
Price
$19.360
Owned
Unknown
HOLD
HOLD
January 18, 2010
Getting Lehman Brothers for the cost of the building will go down as the greatest buy in the history of the whole crisis. You are not buying a retail bank any more but you are buying more of an investment bank, which has more risk.
Barclays Bank PLC (BCS-N)
January 18, 2010
Getting Lehman Brothers for the cost of the building will go down as the greatest buy in the history of the whole crisis. You are not buying a retail bank any more but you are buying more of an investment bank, which has more risk.
Paul Harris, CFA
Partner and Portfolio Manager, Harris Douglas Asset Management
Price
$20.300
Owned
Unknown
DON'T BUY
DON'T BUY
July 27, 2009
UK banks in general have gone through difficulties. Credit market has been terrible. Economy seems to be slower than everywhere else. He is not a huge bull on the UK banking system in general.
UK banks in general have gone through difficulties. Credit market has been terrible. Economy seems to be slower than everywhere else. He is not a huge bull on the UK banking system in general.
Mark Grammer
Managing Dir. & Portfolio Manager, Gluskin Sheff & Associates
Price
$20.060
Owned
No
DON'T BUY
DON'T BUY
March 30, 2009
Sold his holdings at few months ago. UK government was offering to rescue UK banks. This bank rejected the offer and when after a very dilutive deal with mid-east investors and he felt they were not working in the best interests of the shareholders. Now putting their iShares business up for sale, which is ludicrous.
Sold his holdings at few months ago. UK government was offering to rescue UK banks. This bank rejected the offer and when after a very dilutive deal with mid-east investors and he felt they were not working in the best interests of the shareholders. Now putting their iShares business up for sale, which is ludicrous.
Norman Levine
Managing Director, Portfolio Management Corp
Price
$8.260
Owned
No
DON'T BUY
DON'T BUY
March 3, 2009
Managed by and large to avoid a lot of the news flow that has gone on but it is so difficult to tell exactly what is on banks’ balance sheets. The whole notion of creeping nationalization has been prevalent in Britain but it doesn't look like this one will get caught up in that. Investment in any financial at this stage is a bigger gamble than people may realize.
Managed by and large to avoid a lot of the news flow that has gone on but it is so difficult to tell exactly what is on banks’ balance sheets. The whole notion of creeping nationalization has been prevalent in Britain but it doesn't look like this one will get caught up in that. Investment in any financial at this stage is a bigger gamble than people may realize.
Karl Berger
Partner, Toron Investment Management
Price
$4.710
Owned
No
DON'T BUY
DON'T BUY
December 15, 2008
Got caught in a number of bad investments. Also chose to ignore the bailout by the British government and diluted their shareholders by going to mid-eastern investors.
Barclays Bank PLC (BCS-N)
December 15, 2008
Got caught in a number of bad investments. Also chose to ignore the bailout by the British government and diluted their shareholders by going to mid-eastern investors.
Norman Levine
Managing Director, Portfolio Management Corp
Price
$8.970
Owned
No
SELL
SELL
December 12, 2008
The biggest problem here is that when the British government was about to throw a lifeline to the British banks they said no because the CEO did not want his salary reduced. Have had to recapitalize and this will not help earnings for a long time.
Barclays Bank PLC (BCS-N)
December 12, 2008
The biggest problem here is that when the British government was about to throw a lifeline to the British banks they said no because the CEO did not want his salary reduced. Have had to recapitalize and this will not help earnings for a long time.
David Driscoll
President & CEO, Liberty International Investment Management Inc
Price
$9.170
Owned
No
DON'T BUY
DON'T BUY
December 10, 2008
(Market Call Minute.) Little perilous right now. Will probably not use the Bank of England's facilities but will come out with an equity issue instead.
Barclays Bank PLC (BCS-N)
December 10, 2008
(Market Call Minute.) Little perilous right now. Will probably not use the Bank of England's facilities but will come out with an equity issue instead.
Don Reed
President and Chief Executive Officer, Franklin Templeton Investments
Price
$9.190
Owned
Unknown
COMMENT
COMMENT
November 4, 2008
Always a challenge given its ADR. Prefers to buy companies in the actual exchanges and hedge up the currency risk himself. Financial services have been a really tough place. Stock looks identical to 30 other US banking stocks. If you believe there will be a government bailout, it is probably a good entry point. He is currently underweight financials.
Barclays Bank PLC (BCS-N)
November 4, 2008
Always a challenge given its ADR. Prefers to buy companies in the actual exchanges and hedge up the currency risk himself. Financial services have been a really tough place. Stock looks identical to 30 other US banking stocks. If you believe there will be a government bailout, it is probably a good entry point. He is currently underweight financials.
Kevin O'Leary
Chairman, O'Leary Funds
Price
$12.680
Owned
Unknown
DON'T BUY
DON'T BUY
September 16, 2008
Picking up the dealer/broker business of Lehman Brothers (LEH-N). This will be good for them in the long run but their valuation is not in the greatest shape financially.
Barclays Bank PLC (BCS-N)
September 16, 2008
Picking up the dealer/broker business of Lehman Brothers (LEH-N). This will be good for them in the long run but their valuation is not in the greatest shape financially.
David Driscoll
President & CEO, Liberty International Investment Management Inc
Price
$23.160
Owned
No
SELL
SELL
July 4, 2008
From a quality standpoint, this bank has problems. Dividend will not be able to be held at 15.5%. Things will continue to be pretty iffy.
From a quality standpoint, this bank has problems. Dividend will not be able to be held at 15.5%. Things will continue to be pretty iffy.
David Driscoll
President & CEO, Liberty International Investment Management Inc
Price
$23.080
Owned
No
COMMENT
COMMENT
June 24, 2008
Feels it may be getting near a point where he can buy more. He doesn't usually average down. Roughly 11% dividend.
Feels it may be getting near a point where he can buy more. He doesn't usually average down. Roughly 11% dividend.
Norman Levine
Managing Director, Portfolio Management Corp
Price
$24.700
Owned
Yes
DON'T BUY
DON'T BUY
June 9, 2008
Difficult to make an assessment of what its true value is. In the midst of an acquisition and are still figuring on how to fund it.
Difficult to make an assessment of what its true value is. In the midst of an acquisition and are still figuring on how to fund it.
David Driscoll
President & CEO, Liberty International Investment Management Inc
Price
$25.230
Owned
No
BUY
BUY
May 28, 2008
Global banking and the biggest player in ETFs and fund management. Have taken some hits as far as owning bad paper. 11.5% dividend, which may be suspect.
Global banking and the biggest player in ETFs and fund management. Have taken some hits as far as owning bad paper. 11.5% dividend, which may be suspect.
Norman Levine
Managing Director, Portfolio Management Corp
Price
$30.880
Owned
Yes
SELL
SELL
May 8, 2008
Being impacted by the credit markets. The UK is a bit of a rough market to be in. They don't have direct lending in terms of sub prime but have had some recessionary clues in terms of that market. Use any type of strength to lighten up and diversify into other sectors or a different geography.
Being impacted by the credit markets. The UK is a bit of a rough market to be in. They don't have direct lending in terms of sub prime but have had some recessionary clues in terms of that market. Use any type of strength to lighten up and diversify into other sectors or a different geography.
Cameron Webster
Managing Partner, Sandstone Asset Management
Price
$36.190
Owned
No
PAST TOP PICK
PAST TOP PICK
April 10, 2008
(A Top Pick Apr 16/07. Down 34%.) Like a lot of other big banks globally. Valuations have come down dramatically. Had some bad paper but still like their exposure to world markets, credit card business and capital markets (through their iShares). Good long-term outlook.
(A Top Pick Apr 16/07. Down 34%.) Like a lot of other big banks globally. Valuations have come down dramatically. Had some bad paper but still like their exposure to world markets, credit card business and capital markets (through their iShares). Good long-term outlook.
Norman Levine
Managing Director, Portfolio Management Corp
Price
$36.570
Owned
Yes
WEAK BUY
WEAK BUY
March 20, 2008
The dividend is safe. A very well run company. Good retail, good credit card business. One of the largest asset managers in the world. If you’re looking to buy a bank, they’re an option.
The dividend is safe. A very well run company. Good retail, good credit card business. One of the largest asset managers in the world. If you’re looking to buy a bank, they’re an option.
Paul Harris, CFA
Partner and Portfolio Manager, Harris Douglas Asset Management
Price
$35.160
Owned
No
WAIT
WAIT
March 17, 2008
Not quite the time to buy. The yield is large.
Not quite the time to buy. The yield is large.
David Driscoll
President & CEO, Liberty International Investment Management Inc
Price
$32.270
Owned
No
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