Barclays Bank PLCBCSTOP PICKSep 13, 2012Stock price when the opinion was issued
As of Jun 23, 2026. Market Open.
Best European bank? European banking is difficult, given negative interest rates. Best in class is Barclay's for its investing banking business or Lloyd's Banking. There should be more consolidation here, but it's difficult in Europe (look at ATD'B trying to buy Carrefour this month).
Likes it. They bought Lehman, which had investment banking but was really a bond house, so Dodd-Frank caused a lot of capital issues and restrictions. New management is doing a good job by sticking with investment banking and have a great retail franchise in the UK, and they exited businesses around the world that didn't work out. They're going all the right things, though Brexit creates uncertainty. Great credit card business. It will do well, but have to get past Brexit early next year.
Hasn’t bought as yet but is looking to purchase on a pull back. Number 4 bank in terms of assets globally. Obviously got hurt by the entire European debt situation. Last week’s action by the ECB has certainly helped the stock. Has broken out above the 200 day moving average. In this kind of a situation, you want to have a stop loss in place.