Barclays Elliott waves
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."
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.