Barclays: Heading In The Right Direction
Barclays(BCS) Seeking Alpha·2024-08-13 05:28
PM Images Introduction Barclays PLC (NYSE:BCS) reported 2Q24 results on August 01, 2024. My initial impression was that the numbers were solid, with Barclays UK driving upgraded net interest income guidance, good cost outcomes, and the announcement of a further £750m share buyback. The update appeared to be well-received by the market during the London Stock Exchange ("LSE") morning session, but later in the day, Barclays shares joined other UK banks in a downward trajectory triggered by the Bank of England ...