Barclays’ revenue recovery not reflected in consensus, says Credit Suisse

0 5
Analysts said they expected the FTSE 100 bank's half-year results later this month to show “improving asset quality as six months’ worth of economic upgrades are reflected in provisioning needs” A recovery in Barclays PLC’s (LON:BARC) consumer revenues is not currently reflected in consensus, according to analysts at Credit Suisse. In a note on Friday, the investment bank raised its target price on the FTSE 100 financier to 218p from 217p and retainer their ‘outperform’ rating, saying they expected Barclay’s interim results on July 28 to be characterised by “improving asset quality as six months’ worth of economic upgrades are reflected in provisioning needs”. READ: UK banks worth buying for discount to wider market, potential for dividends - UBS “We increase our attributable profit for 2021 by 4% based on higher provision releases in [the second quarter] than we had previously anticipated”, analysts said, adding that in the half-year results they
Subscribe or log in to read the rest of this content.
Leave A Reply

Your email address will not be published.

At The Centre of Every Trade
$59.95/month