NYSE:BCS

Barclays Bank PLC (BCS)

27.02
-0.27 (0.99%)
as of Jun 23, 2026, 8:00:00 pm Market Open.
25 watching
0
DON'T BUY
For 3-5 years? He has very little weighting in European bank. The issue with banks globally is that they have grown through mortgage lending but since the housing bubble burst, banks aren't really able to grow. You are also facing a very difficult regulatory environment.
BUY
This is the time to own the banking sector. One of the issues with this one is that they are heavily weighted to investment banking so will probably trade at a discount to a good retail bank. Trading at a very cheap multiple. This should do well over the next 3-4 years. (See Top Picks.)
DON'T BUY
European banks are inexpensive compared to Cdn and US banks. Main over hangs are the outlooks for the domestic economies and the sovereign debt of their countries. Prefers Standard Chartered (STAN-London Stock Exchange).
BUY
Incredible that they got Lehman Brothers so cheap. Became a top-level investment banker. About 50% banking in the UK and about 50% in investment banking. A lot of volatility so M&A activity should be good.
BUY
Is a very different company than a year ago due to their acquisition. Doesn’t like that they sold off iShares. They will be valued differently from now on. The investment banking side is the volatile part of the business and will keep the multiple low. Likes it and over the long time they will do very well.
HOLD
Getting Lehman Brothers for the cost of the building will go down as the greatest buy in the history of the whole crisis. You are not buying a retail bank any more but you are buying more of an investment bank, which has more risk.
DON'T BUY
UK banks in general have gone through difficulties. Credit market has been terrible. Economy seems to be slower than everywhere else. He is not a huge bull on the UK banking system in general.
DON'T BUY
Sold his holdings at few months ago. UK government was offering to rescue UK banks. This bank rejected the offer and when after a very dilutive deal with mid-east investors and he felt they were not working in the best interests of the shareholders. Now putting their iShares business up for sale, which is ludicrous.
DON'T BUY
Managed by and large to avoid a lot of the news flow that has gone on but it is so difficult to tell exactly what is on banks’ balance sheets. The whole notion of creeping nationalization has been prevalent in Britain but it doesn't look like this one will get caught up in that. Investment in any financial at this stage is a bigger gamble than people may realize.
DON'T BUY
Got caught in a number of bad investments. Also chose to ignore the bailout by the British government and diluted their shareholders by going to mid-eastern investors.
SELL
The biggest problem here is that when the British government was about to throw a lifeline to the British banks they said no because the CEO did not want his salary reduced. Have had to recapitalize and this will not help earnings for a long time.
DON'T BUY
(Market Call Minute.) Little perilous right now. Will probably not use the Bank of England's facilities but will come out with an equity issue instead.
COMMENT
Always a challenge given its ADR. Prefers to buy companies in the actual exchanges and hedge up the currency risk himself. Financial services have been a really tough place. Stock looks identical to 30 other US banking stocks. If you believe there will be a government bailout, it is probably a good entry point. He is currently underweight financials.
DON'T BUY
Picking up the dealer/broker business of Lehman Brothers (LEH-N). This will be good for them in the long run but their valuation is not in the greatest shape financially.
SELL
From a quality standpoint, this bank has problems. Dividend will not be able to be held at 15.5%. Things will continue to be pretty iffy.
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