{"id":16692,"date":"2023-06-01T09:20:10","date_gmt":"2023-06-01T13:20:10","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/where-is-barclays-stock-headed\/"},"modified":"2023-06-01T09:20:12","modified_gmt":"2023-06-01T13:20:12","slug":"where-is-barclays-stock-headed","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=16692","title":{"rendered":"Where Is Barclays Stock Headed?"},"content":{"rendered":"<div>\n<p>Barclays\u2019 stock (NYSE: BCS) has lost 1% YTD, as compared to the 10% rise in the S&amp;P500 over the same period. Further, it is currently trading at $8 per share, which is 33% below its fair value of $12 \u2013 Trefis\u2019 estimate for <strong data-ga-track=\"ExternalLink:https:\/\/www.trefis.com\/data\/companies\/BCS\/no-login-required\/TbxJG6FX\/Barclays-PLC-BCS-Valuation-Is-BCS-Stock-Expensive-Or-Cheap-?fromforbesandarticle=trefis230601\">Barclays\u2019 valuation<\/strong><strong>. <\/strong>The bank outperformed the consensus estimates of net profit in the first quarter of 2023. It reported total revenues of $8.79 billion \u2013 up 1% y-o-y, driven by a 4% growth in Barclays UK revenues due to higher net interest income. However, it was partially offset by a 2% drop in the Barclays International segment. Notably, the Barclays International segment posted positive growth on a currency-neutral basis. On the cost front, the provisions for credit losses witnessed an unfavorable build-up in the quarter, offset by lower operating expenses as a % of revenues. Overall, the firm posted a profit before tax of $3.1 billion \u2013 up 2% y-o-y (Note \u2013 Barclays originally reports in GBP (Pound), the same has been converted to USD for ease of comparison).<\/p>\n<p>The bank\u2019s top line grew 2% y-o-y to $30.9 billion in FY 2022. It was mainly because of growth in the consumer, cards &amp; payments segment. Further, the total net interest income in the year increased by 18% y-o-y due to improvement in the interest rates. On the flip side, the corporate &amp; investment bank revenues were down due to lower corporate lending and investment banking income. In addition, the litigation and conduct expenses increased in the year, negatively impacting the bottom line \u2013 the adjusted net income was reduced by 27% y-o-y to $6.2 billion.<\/p>\n<p>Moving forward, we expect the net interest income to drive the company\u2019s growth in Q2. <strong data-ga-track=\"ExternalLink:https:\/\/www.trefis.com\/data\/companies\/BCS\/no-login-required\/QcVbdoPc\/Barclays-PLC-Revenues-How-Does-BCS-Make-Money-?fromforbesandarticle=trefis230601\">Barclays\u2019 revenues<\/strong> are estimated to touch $33.28 billion in FY2023. Additionally, BCS\u2019s adjusted net income margin is likely to remain around 20%, leading to an adjusted net income of $6.6 billion and an annual GAAP EPS of $1.65. This coupled with a P\/E multiple of 7x will lead to a valuation of $12.<\/p>\n<p>What if you\u2019re looking for a high-performance portfolio with a low downside instead? Here\u2019s a <strong data-ga-track=\"ExternalLink:https:\/\/www.trefis.com\/data\/companies\/PORTFOLIOS\/no-login-required\/BPo8U0Xc\/Reinforced-Value-Portfolio-with-439-Return-Since-2016-vs-87-for-S-P-500?fromforbesandarticle=trefis230601\">reinforced value portfolio<\/strong> that has beaten the market consistently while limiting losses during periods of sharp market declines.<\/p>\n<p><fbs-ad position=\"inread\" progressive=\"\" ad-id=\"article-0-inread\" aria-hidden=\"true\" role=\"presentation\"><\/fbs-ad><\/p>\n<p>Invest with <strong>Trefis <\/strong><strong data-ga-track=\"ExternalLink:https:\/\/dashboards.trefis.com\/data\/companies\/PORTFOLIOS\/no-login-required\/M7MacZNG?fromforbes\">Market Beating Portfolios<\/strong><\/p>\n<p>See all <strong>Trefis <\/strong><strong data-ga-track=\"ExternalLink:https:\/\/dashboards.trefis.com\/data\/price-estimates?fromforbes\">Price Estimates<\/strong><\/p>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.forbes.com\/sites\/greatspeculations\/2023\/06\/01\/where-is-barclays-stock-headed\/\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Barclays\u2019 stock (NYSE: BCS) has lost 1% YTD, as compared to the 10% rise in the S&amp;P500 over the same period. Further, it is currently trading at $8 per share, which is 33% below its fair value of $12 \u2013 Trefis\u2019 estimate for Barclays\u2019 valuation. The bank outperformed the consensus estimates of net profit in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":16693,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-16692","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-markets","tag-featured"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Where Is Barclays Stock Headed? | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Barclays\u2019 stock (NYSE: BCS) has lost 1% YTD, as compared to the 10% rise in the S&amp;P500 over the same period. 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