Earnings Alerts

Barclays PLC (BARC) Earnings: 2Q Investment Bank Revenue Surpasses Estimates

  • Investment Bank:
    • Revenue: GBP 3.02 billion (estimate: GBP 2.89 billion)
    • FICC Revenue: GBP 1.15 billion (estimate: GBP 1.24 billion)
    • Equities Revenue: GBP 696 million (estimate: GBP 640.3 million)
  • Total Income: GBP 6.32 billion (estimate: GBP 6.3 billion)
  • Barclays UK:
    • Revenue: GBP 1.89 billion (estimate: GBP 1.81 billion)
    • UK Personal Banking Revenue: GBP 1.17 billion (estimate: GBP 1.12 billion)
    • UK Barclaycard Consumer Revenue: GBP 228 million (estimate: GBP 236.7 million)
    • UK Business Banking Revenue: GBP 485 million (estimate: GBP 464.1 million)
    • UK Corporate Bank Revenue: GBP 443 million (estimate: GBP 431.7 million)
  • Private Bank and Wealth Management: Revenue: GBP 320 million (estimate: GBP 312.9 million)
  • US Consumer Bank: Revenue: GBP 819 million (estimate: GBP 854.3 million)
  • Net Interest Income: GBP 3.06 billion (estimate: GBP 2.97 billion)
  • Pretax Profit: GBP 1.94 billion (estimate: GBP 1.64 billion)
  • Attributable Profit: GBP 1.24 billion (estimate: GBP 975.6 million)
  • Common Equity Tier 1 Ratio: 13.6% (estimate: 13.7%)
  • Cost to Income Ratio: 63%
  • Total Deposits: GBP 557.5 billion (estimate: GBP 550.82 billion)
  • Risk-weighted Assets: GBP 351.4 billion (estimate: GBP 349.25 billion)
  • Total Operating Expenses: GBP 4.01 billion (estimate: GBP 4.02 billion)
  • Analyst Consensus: 14 buys, 6 holds, 1 sell

A look at Barclays PLC Smart Scores

FactorScoreMagnitude
Value5
Dividend4
Growth5
Resilience5
Momentum5
OVERALL SMART SCORE4.8

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Barclays PLC, a prominent global financial services provider, has garnered high scores across the board on the Smartkarma Smart Scores system. With top marks in Value, Growth, Resilience, and Momentum, Barclays appears to be well-positioned for long-term success. The company’s strong Value score indicates that it is trading at an attractive price relative to its intrinsic value, offering potential for solid returns. In addition, Barclays’ high Growth score suggests promising prospects for future expansion and profitability. Coupled with top scores in Resilience and Momentum, Barclays PLC seems poised to weather market fluctuations and maintain its positive trajectory.

As a diversified financial institution offering a range of services including retail banking, credit cards, investment banking, and wealth management, Barclays PLC‘s solid Smart Scores underscore its overall positive outlook. With a strong emphasis on value, growth, resilience, and momentum, Barclays appears to be in a robust position for sustained success in the long run, making it an intriguing prospect for investors seeking stability and growth potential in the financial sector.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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