Underlying trends were broadly in line with expectations as are management’s mid-term profitability targets. The revival of market volatility is good news for CIB activities but the $/£ weakness less so. The stock continues to show a large valuation discount, only partly justified by Brexit-related risks in our view.
22 Feb 2018
No real surprise
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No real surprise
Barclays PLC (BARC:LON) | 184 3.1 0.9% | Mkt Cap: 27,692m
- Published:
22 Feb 2018 -
Author:
David Grinsztajn -
Pages:
2
Underlying trends were broadly in line with expectations as are management’s mid-term profitability targets. The revival of market volatility is good news for CIB activities but the $/£ weakness less so. The stock continues to show a large valuation discount, only partly justified by Brexit-related risks in our view.