Opinions Paul Harris, CFA
Barclays Bank PLCBCSPAST TOP PICKAug 20, 2015
Paul Harris, CFAStock price when the opinion was issued
As of Jun 23, 2026. Market Open.
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Premium contentPremium contentBest 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.
(A Top Pick Aug 14/14. Up 14.95%.) People disliked the stock, but they have some very important franchises. A great retail bank in the UK, good presence in Africa, great credit card business and a reasonable asset management business. They bought Lehmans Investment Bank, and that is the big issue with this company. There are a lot of capital issues that they face, but they are changing that and that is where the upside is.