Barclays PLC (BUE:BCS)
ARS 11920.5 -74 (-0.62%) Market Cap: 35.52 Til Enterprise Value: -111.49 Til PE Ratio: 8.07 PB Ratio: 0.45 GF Score: 45/100
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Barclays PLC at Morgan Stanley European Financials Conference Transcript

Mar 12, 2024 / 10:00AM GMT
Release Date Price: ARS9975 (+7.80%)
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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