Barclays PLC

BCS

Equity

ISIN US06738E2046 / Valor 371815

New York Stock Exchange, Inc (2024-12-20)

USD 13.08+1.24%

Barclays PLC
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About company

Barclays PLC is a global financial institution with a diverse range of services, including private banking, wealth management, retail banking, credit cards, and corporate banking. The company operates in the UK and the US, serving millions of customers with a variety of financial products such as digital investing services, credit cards, loans, savings accounts, and advisory services. Barclays UK is a trusted brand in the UK retail banking sector, while Barclays US Consumer Bank is a major player in the US credit card market. Additionally, Barclays UK Corporate Bank provides financial and advisory services to a significant portion of UK Corporates, supporting SMEs and mid-cap businesses.

Summarized from source with an LLMView SourceSector: Finance

Income Growth

In the third quarter of 2024, Barclays PLC reported a group income of £6.5 billion, marking a 5% increase compared to the same period in the previous year. This growth was driven by a rise in income across various segments, including a 6% increase in Barclays Investment Bank income and a 4% increase in Barclays UK income.

Profit Before Tax

Barclays PLC achieved a profit before tax of £2.2 billion in Q3 2024, up from £1.9 billion in Q3 2023. This improvement reflects the company's effective cost management and increased income, despite stable credit impairment charges of £0.4 billion.

Return on Tangible Equity

The group statutory Return on Tangible Equity (RoTE) for Barclays PLC was 12.3% in Q3 2024, an increase from 11.0% in Q3 2023. This performance supports the company's target of achieving a RoTE greater than 10% in 2024.

Cost Efficiency

Barclays PLC maintained stable total operating expenses at £4.0 billion in Q3 2024. The company achieved £0.3 billion in cost efficiency savings, which offset inflationary pressures and supported investment and business growth.

Capital and Dividends

Barclays PLC reported a strong Common Equity Tier 1 (CET1) ratio of 13.8% at the end of Q3 2024, within its target range of 13-14%. The company announced total distributions per share equivalent to approximately 8.0p, including a dividend of 2.9p and a share buyback of £750 million.

Summarized from source with an LLMView Source

Key figures

70.5%1Y

36.3%3Y

41.1%5Y

Performance

30.6%1Y

35.5%3Y

42.9%5Y

Volatility