Barclays PLC (BSP:B1CS34)
R$ 56.82 0.42 (0.74%) Market Cap: 849.50 Bil Enterprise Value: -5.38 Bil PE Ratio: 8.21 PB Ratio: 0.46 GF Score: 66/100
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Barclays PLC at Morgan Stanley European Financials Conference Transcript

Mar 12, 2024 / 10:00AM GMT
Release Date Price: R$46.15 (+2.28%)
Alvaro Serrano Saenz de Tejada
Morgan Stanley, Research Division - Lead Analyst

Thank you very much, everyone for coming to this third session. Very happy to introduce Venkat, Group CEO of Barclays and it's a great timing because you've just obviously laid out your plans for the next 3 years.

Before we dive into the questions, we're going to have the usual polling question, if we put it up on screen. What do you think is needed to close a gap between the 0.5x trading multiple in the tangible book value: number 1, Barclays Group demonstrates it can reach over 12% RoTE in 2026; number two, at least GBP 10 billion capital return is paid out between '24 and '26 million; number three, U.K. trough in first half of '24 and growth thereafter is forecasted in the 3-year plan; number four, Investment Bank post profitability in line with the group by 2026; and number five, U.S. consumer bank post profitability in line with the group by 2026?

(Voting)

Alvaro Serrano Saenz de Tejada
Morgan Stanley, Research Division - Lead Analyst

So keeping it pretty

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