Barclays PLC
 (BCS)

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  • Nov. 30, 2010, 9:00 AM

    Premarket gainers: BEZ +40%. KERX +9%. SOMX +6%. AEZS +4%.
    Losers: CTIC -9%. ING -7%. IRE -7%. BBVA -5%. SDRL -5%. AIB -4%. STX -4%. DB -4%. BCS -4%.

    | Nov. 30, 2010, 9:00 AM
  • Nov. 17, 2010, 12:15 PM

    The EU plans to do another set of region-wide bank stress tests, with results expected around June 2011 and the ECB pushing for a larger role in the process. Critics, who said the first set of tests were too soft, worry that increased ECB involvement will boost the red tape on this second set.

    | Nov. 17, 2010, 12:15 PM | 2 Comments
  • Nov. 15, 2010, 3:15 PM
    Details are reportedly coming tomorrow on the joint venture between Verizon Wireless (VZ, VOD), AT&T (T) and T-Mobile (DTEGY.PK) (as well as Discover (DFS) and Barclays (BCS)) on a mobile payments system that will allow consumers to complete purchases with their phones.
    | Nov. 15, 2010, 3:15 PM | 3 Comments
  • Nov. 10, 2010, 7:44 AM
    Sources say the G-20 will opt for a two-tier bank plan: major banks with global businesses will face tougher global regulations while those focused on domestic markets will be exempt. Banks expected to fall into the first category include: GS, JPM, BAC, MS, C, HBC, BCS, RBS, UBS, CS, STD, BBVA, DB, and ING.
    | Nov. 10, 2010, 7:44 AM | 1 Comment
  • Nov. 9, 2010, 12:01 PM
    In its 10-Q, Morgan Stanley (MS -1.5%) says it could lose $274M in write-offs related to a collateralized debt obligation called Tourmaline - the subject of a suit filed by U.S. Bank (USB) against MS and Barclays (BCS) set for trial Nov. 17.
    | Nov. 9, 2010, 12:01 PM | 1 Comment
  • Nov. 9, 2010, 8:50 AM
    Barclays (BCS): Q3 pretax profit -76% to £327M ($537M), while its I-bank posted a pretax loss of £182M vs. a profit of £369M the year before. Core Tier 1 ratio unchanged from H1 at 10%. Bad loan provisions -27% to £1.2B. Analysts were mixed on the results, but investors have pushed the stock +2.6% premarket.
    | Nov. 9, 2010, 8:50 AM
  • Nov. 4, 2010, 9:10 AM

    Premarket gainers: AERL +16%. SRZ +12%. URRE +11%. WFMI +10%. QCOM +8%. UL +7%. TSEM +7%. GPS +6%. AUY +6%. FBC +6%. CRH +6%. WEN +5%. HBC +5%. URZ +5%. BHP +5%. RIO +5%. GOLD +5%. SLW +4%. BCS +4%. GFI +4%. PAL +4%. GBG +4%. SVM +4%. MU +4%. NG +4%. FCX +4%. ABK +4%.
    Losers: PPO -7%. HDY -7%. ALU -6%. MAKO -5%. BIG -4%. GEL -4%. POT -4%.

    | Nov. 4, 2010, 9:10 AM
  • Oct. 22, 2010, 8:26 AM

    Lehman Holdings' (LEHMQ.PK) dispute of Barclays' (BCS) $11B windfall profit got a boost in bankruptcy court yesterday when judge James Peck interrupted Barclays' attorney during closing arguments, saying: "Let me be clear about one thing, Mr. Boies: I never approved the clarification letter," which allocated extra assets to Barclays. LEHMQ.PK rose 42% Thursday; BCS -2.9%.

    | Oct. 22, 2010, 8:26 AM
  • Oct. 21, 2010, 5:55 PM

    The top mortgage lenders and servicers are so big and unmanageable, Jonathan Weil writes, that the people in charge of running them have no way to know the extent of the foreclosure problem. "One of the lessons the public should have learned [from the subprime mortgage crisis] is that the leaders of these companies often have no idea what’s going on inside them."

    | Oct. 21, 2010, 5:55 PM | 3 Comments
  • Oct. 20, 2010, 11:54 AM
    U.K. Exchequer head George Osborne's austerity plans include seeking the "maximum sustainable" tax rate for Britain's banks without forcing them to leave - a blow to banks (BCS, HSBC, STAN, LLOY) that have been making noise about moving out of the country if there were breakup threats.
    | Oct. 20, 2010, 11:54 AM
  • Oct. 15, 2010, 2:39 PM

    JC Penney (JCP +2.2%) is lowered to "equal weight" from "overweight" by Barclays (BCS) on concerns that "management may be distracted and miss an opportunity for sales and profit gains” in the holiday season. The distraction: Penney may be gearing up to fight off Bill Ackman. Shares have jumped 5% since Ackman's fund disclosed its 16.5% stake.

    | Oct. 15, 2010, 2:39 PM
  • Oct. 12, 2010, 4:56 PM
    Banks with the largest amounts of foreclosed home loans on their books, according to SNL Financial: JP Morgan Chase (JPM), $19.5B, or 7.5% of its family mortgage loans, in foreclosure; Bank of America (BAC), $18.7B, 4.39%; Wells Fargo (WFC), $17.5B, 4.74%. Highest percentage of home loans in foreclosure: Barclays (BCS), 17.7%.
    | Oct. 12, 2010, 4:56 PM | 1 Comment
  • Sep. 30, 2010, 2:09 PM
    Mortgage bond issuance is up sharply this year as credit markets loosen and appetite for risk grows. Issuance totaled $328.2B in the first nine months of 2010, vs. $207.2B in the same period last year. BofA (BAC), Royal Bank of Scotland (RBS) and Barclays (BCS) top the list of underwriters.
    | Sep. 30, 2010, 2:09 PM | 2 Comments
  • Sep. 14, 2010, 5:55 PM
    Don't be fooled by the recent bounce in financial stocks, Louis Navellier warns. "High foreclosure rates and low lending rates are acting against the big banks," he says, urging investors to sell these 11 famous financials: STD, BAC, BCS, LFC, C, HBC, GS, JPM, LYG, RBS, WFC.
    | Sep. 14, 2010, 5:55 PM | 10 Comments
  • Sep. 13, 2010, 7:03 AM

    The new Basel III rules could force banks, especially European ones, to raise more funds, but tighter capital expectations have largely been priced in to bank stocks already and the long window for full compliance is boosting shares premarket: C +0.9%, BAC +1.85%, WFC +0.9%, DB +3%, UBS +2.1%, RBS +3.15%, ING +2.5%, STD +2.4%, CS +3%, BCS +1.8%, LYG +3%.

    | Sep. 13, 2010, 7:03 AM | 1 Comment
  • Sep. 7, 2010, 2:10 PM

    As Barclays (BCS -5.4%) goes American in naming its new CEO a man whose career has been in investment banking and trading, not retail banking - as a stamp of approval on a business model whose existence was in doubt two years ago. British reaction is harsh over the "casino banker," but one analyst says, “Barclays has been 70% an investment bank for ages [and] shouldn’t be ashamed.”

    | Sep. 7, 2010, 2:10 PM
Company Description
Barclays PLC is a financial services provider engaged in personal banking, credit cards, corporate and investment banking and wealth and investment management. It operates in Europe, the Americas, Africa and Asia.