textbook formation
Barclays PLC closed 2022 with a strong performance, accumulating £7 billion of pre-tax profits.
However, BCS stock dropped as much as 8% in the trading session following the bank's Q4 2022 report (London trading reference).
This was due to a higher cost of risk and a drop in fee income at Barclays' investment bank, partially offset a robust performance at its consumer lending business.
However, reflecting on a higher yield environment for all asset classes, I see strong profitability for Barclays in 2023, and I upgrade my EPS expectations for Barclays through 2025.
With a $26.4/share price target, Barclays remains a high conviction "Strong Buy."
Barclays PLC closed 2022 with a strong performance, accumulating £7 billion of pre-tax profits.
However, BCS stock dropped as much as 8% in the trading session following the bank's Q4 2022 report (London trading reference).
This was due to a higher cost of risk and a drop in fee income at Barclays' investment bank, partially offset a robust performance at its consumer lending business.
However, reflecting on a higher yield environment for all asset classes, I see strong profitability for Barclays in 2023, and I upgrade my EPS expectations for Barclays through 2025.
With a $26.4/share price target, Barclays remains a high conviction "Strong Buy."
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.