Under new management, Barclays Plc reports on Wednesday as the banking sector appears as a cash machine for shareholders. Refer to https://youtu.be/5irCkGIrCRo for more.
Nat West and HSBC have kept investors with their updates in recent days, both showing healthy financials and returns, across dividends and buybacks.
Significantly, it will be the first set of results on the watch of new chief executive CS “call me Venkat” Venkatakrishnan, who replaced Jes Staley in November.
“No doubt Barclays will be looking to put its (bad) habit of firing (or losing) chief executives behind it when it reports its 2021 results,” quipped the pundits at AJ Bell.
“Analysts are looking for a 2021 full-year pre-tax profit of £8.1 billion. That compares to 2020’s £3.1 billion and would outstrip the pre-financial crisis peak of £7.1 billion achieved in 2006.
“It also implies a profit for the fourth quarter alone of just under £1.2…
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