Mar 10, 2021
Barclays reported full-year 2020 attributable profit of GBP 1.5 billion, down 38% compared with last year as higher loan-loss provisions and weaker net interest income were not offset by stronger investment bank performance. Return on equity, excluding litigation and conduct costs, came in at 3.4% versus 9% a year ago. We maintain our GBX 170 per share fair value estimate and no-moat and stable trend ratings. Read Full Analysis
Business Description Barclays is a universal bank headquartered in the United Kingdom. It operates via two principal segments; U.K. (38% of profit before tax) and International (62% of PBT). In its U.K. segment, the bank provides current accounts, mortgages, savings and investment management services, credit cards, and business banking services to retail clients and small and medium-size enterprises. The international segment includes a corporate bank offering banking solutions to large corporates, a bulge-bracket
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The US economy will experience stellar growth in 2021 as the COVID-19 pandemic subsides, Bank of America said in a note on Monday.
The bank increased its 2021 US GDP growth estimate to 6.5% from 6.0% as it has become more convinced that the consumer will get out and spend this year, the note said. The bank also sees heightened economic growth extending into next year, bumping its 2022 GDP growth estimate to 5.0% from 4.5%.
Here are the three reasons guiding Bank of America s decision to increase its economic growth forecast, according to the note.
1. A larger fiscal stimulus package.
Congressional Democrats are pushing for a $1.9 trillion stimulus package that is scheduled to be voted on next month. But there is still work to be done on the bill, and some provisions proposed in the legislation will hit road blocks, BofA said.
stocks as economic growth rebounds, JPMorgan said in a note on Wednesday.
Easy monetary and fiscal policy, a weak US dollar, and stronger inflation will spark heightened demand for
commodities in the years ahead, the note said.
Investors are under allocated to the energy sector based off of its current weighting in the S&P 500, JPMorgan highlighted.
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A supercycle in commodities is about to take place and investors can benefit by increasing their exposure to energy stocks, JPMorgan said in a note on Wednesday.
The last supercycle in commodities started in 1996, peaked in 2008, and bottomed in 2020 when oil prices went negative, the note explained. Both the upswing and downswing cycles in commodities lasted 12 years.
The January jobs report missed estimates on Friday, but its significance is limited and won t ultimately hinder the stock market s upward path, according to
The stock market has 20% upside potential from current levels, according to a Thursday note from JPMorgan. Analysts at the bank said the bull market in stocks