Although the quarterly operating performance was on track, notably thanks to cost savings, it seems that asset quality has deteriorated markedly. The tangible book value was impacted by heavy adjustments but this was offset by reduced capital usage.
13 Feb 2020
Equity adjustments offset by reduced capital usage
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Equity adjustments offset by reduced capital usage
Barclays PLC (BARC:LON) | 202 22 5.7% | Mkt Cap: 30,347m
- Published:
13 Feb 2020 -
Author:
David Grinsztajn -
Pages:
2
Although the quarterly operating performance was on track, notably thanks to cost savings, it seems that asset quality has deteriorated markedly. The tangible book value was impacted by heavy adjustments but this was offset by reduced capital usage.