MNI BRIEF: Japan Q3 GDP To Be Slightly Revised Down

MNI: PBOC Net Drains CNY216 Bln via OMO Monday

MNI: PBOC Sets Yuan Parity Lower At 7.1865 Mon; -1.50% Y/Y

MNI: China CFETS Yuan Index Up 0.01% In Week of Nov 29

MNI BRIEF: PBOC Added Outright Repo For Ample Lqdty In Nov

MNI China Daily Summary: Friday, November 29

MNI: AUSTRALIA Q3 BIZ INDICATORS INVENTORIES -0.9%

MNI: AUSTRALIA OCT BUILDING APPROVALS +4.2% M/M, +6.1% Y/Y

MNI: AUSTRALIA NOV DWELLING APPROVALS +4.2% M/M

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

FINANCIALS: Barclays: Mixed Credit Stats, New Buyback, Spreads Already Tight

FINANCIALS

Barclays (BACR: Baa1/BBB+/A) results headlines show revenues and costs broadly in line which, after positive US IB reporting, may be taken negatively. Loan losses are around a quarter lower than expected, NPLs are in line but CET1 has missed by 10bp. However, there’s a new buyback announcement in here – the equity market was expecting something, but this news is nearly always positive in that world. Spreads have tightened over the last month and our sense is that these results don’t really justify that move.

  • “*BARCLAYS STILL SEES FY LOAN-LOSS RATE 0.5% TO 0.6%, EST. 0.5% 
  • *BARCLAYS STILL SEES FY CET1 RATIO 13% TO 14%, EST. 13.4%
  • *BARCLAYS: SHARE BUYBACK OF UP TO £750M
  • *BARCLAYS 2Q NET INTEREST INCOME GBP3.06B, EST. GBP2.97B
  • *BARCLAYS 2Q INVESTMENT BANK REV. GBP3.02B, EST. GBP2.89B
  • *BARCLAYS SEES FY UK NET INT. INCOME GBP6.3B, SAW ABOUT GBP6.1B” - BBG

Conf call is 0900 (London time) at: https://www.netroadshow.com/events/login?show=79f8c38c&confId=67477

BulletCredit Bullets
BulletCredit Bullets

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.