Barclays Bank PLCBCSPAST TOP PICKNov 09, 2015Stock 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.
(A Top Pick Oct 30/14. Up 1.67%.) Got rid of their CEO and brought in a new one. Returns have been very low and the stock price is very poor. Have some really great assets including a great retail business in the UK, a great card business, a good African banking business and a great investment banking business, which is using a lot of their capital and they had to downsize it.