The CEO of Barclays said the bank wasn't stuck with exposure to fallen auto-parts company First Brands because of its own due diligence, but it was lumbered with Tricolor exposure.
Barclays PLC (LSE:BARC) unveiled a £500 million share buyback and upgraded its profitability guidance for this year, following a third-quarter performance that was better than expected. The bank said the buyback was part of a move to quarterly distributions, with chief executive CS Venkatakrishnan also saying the board had decided to bring forward a portion of full-year distribution plans after "robustly and consistently generating capital over the past nine quarters" to lift tangible net asset value (TNAV) per share to 392p and the common equity tier 1 capital ratio to 14.1%.
The bank has brought forward a portion of its full-year distribution plans and now intends to carry out quarterly share buybacks.
Barclays announced a £500 million ($667 million) share buyback on Wednesday, as it reported third-quarter earnings. The bank said it plans to move to quarterly share buyback announcements.
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Credit quality has barely featured on investors' radar this year, but that complacency showed cracks on Friday as European bank shares slipped 2.5%. The fall, modest by historical standards, was led by investment banks and marked one of the sector's few setbacks in an otherwise strong year.
If the run-up to Rachel Reeves' Budget next month has left investors wary of British banks, UBS is not joining the caution. Its analysts have kept their “overweight” stance on the sector, arguing that cheap valuations and strong earnings momentum make the risk worth taking.
Barclays PLC maintains strong operating momentum, outperforming the market and peers, with shares up over 18% including dividends. BCS's revenue growth, cost control, and manageable credit costs support robust profitability, though H2 2025 may see softer results due to cyclical factors. The bank remains well-capitalized, continues substantial capital returns, but its dividend yield is less attractive compared to other European banks.
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Barclays PLC (NYSE:BCS ) Bank of America 30th Annual Financials CEO Conference 2025 September 17, 2025 3:45 AM EDT Company Participants Angela Cross - Group Finance Director & Executive Director Conference Call Participants Pui Mong - BofA Securities, Research Division Presentation Pui Mong BofA Securities, Research Division I am Perlie Mong. I am the UK Banks analyst here at Bank of America.
WFC outlines its post asset cap growth strategy, targeting efficiency gains, stable NII, and expansion in lending and wealth management.
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