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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Barclays Plc    BARC   GB0031348658

BARCLAYS PLC

(BARC)
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Real-time Estimate Quote. Real-time Estimate CHI-X - 10/23 08:18:34 am
112.27 GBX   +7.66%
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JP Morgan to move $230 bln out of UK - source

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09/23/2020 | 10:15am EDT

JP Morgan is moving money out of the UK.

A lot of money.

About 200 billion euros in all, or around 230 billion dollars.

That's according to a Reuters source.

Its move comes after the bank said back in January that it would expand operations in Paris to prepare for life after Brexit.

The source didn't say what type of assets are being moved.

But analysts say it would typically include cash, stocks and bonds held in inventory for clients to trade.

On this occasion the destination is said to be Germany.

Now JP Morgan is just the latest to suck cash out of the City of London.

Earlier this year Barclays moved its European headquarters to Dublin.

It too moved about 230 billion dollars as part of that.

Banks are acting on the assumption they will no longer be able to bow all their European trading out of London.

Clients will trade with the lenders' local entities rather than their London units.

Banks using Britain as a gateway to the EU will have to fully execute such plans before the Brexit transition period ends in December.

Last year, consultancy EY estimated that assets worth almost 1 trillion dollars were set to move.


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Financials
Sales 2020 21 181 M 27 704 M 27 704 M
Net income 2020 797 M 1 043 M 1 043 M
Net Debt 2020 - - -
P/E ratio 2020 22,2x
Yield 2020 1,38%
Capitalization 18 093 M 23 679 M 23 665 M
Capi. / Sales 2020 0,85x
Capi. / Sales 2021 0,87x
Nbr of Employees 80 800
Free-Float 99,6%
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Technical analysis trends BARCLAYS PLC
Short TermMid-TermLong Term
TrendsBullishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 142,46 GBX
Last Close Price 104,28 GBX
Spread / Highest target 125%
Spread / Average Target 36,6%
Spread / Lowest Target -30,0%
EPS Revisions
Managers
NameTitle
James Edward Staley Group Chief Executive Officer & Director
Nigel Paul Higgins Group Chairman
Mark Ashton Rigby Group Chief Operating Officer
Tushar Morzaria Group Finance Director & Executive Director
Timothy James Breedon Independent Non-Executive Director
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