September 10, 2024 06:24 GMT
FINANCIALS: Barclays FIG Conf: IB Pipelines, US CRE To Feature
FINANCIALS
Barclays (BACR: Baa1/BBB+/A) is hosting its annual “Global Financial Services” conference in NYC this week. We can see today’s focus being on IB trading pipelines and US CRE performances. Rarely do we see spreads move on such events but often there is some interesting qualitative narrative.
- This is a reasonably well followed event in equity world but mgmt teams usually restrict themselves to very few comments on current trading or strategic changes and it’s mostly used as an opportunity to recap the existing and “sell the story”.
- Key companies speaking there today include Nordea, Morgan Stanley, Bank of America and three of the Canadian majors (CIBC, BMO and TD) so we can expect minor updates around recent IB trading and pipelines, alongside questions on the US CRE market (where the Canadians especially saw rather divergent trading performances).
135 words