Barclays Investment Bankers Need to Pick Up the Pace

A step behind. Photographer: Bloomberg

Barclays Plc, BNP Paribas SA and Deutsche Bank Group AG have all made big promises about the growth to come from their investment banks as part of their aims to boost profits for shareholders. It might be unfair to judge progress against a single quarter’s fresh results, but of the three Barclays looks most off the pace.

The first three months of 2024 saw a good rebound in investment banking activity, particularly in raising debt finance for companies, which is a core business for Barclays and Deutsche Bank. The big five US investment banks reported a combined 46% year-over-year rise in first-quarter debt capital markets revenue this month.

Deutsche Bank reported a near-70% rise in dollar terms, beating all rivals, while Barclays reported a 23% rise behind all other peers by some distance….Story continues…

By: Paul J. Davies

Source: Barclays (BARC LN): Investment Bank Isn’t Keeping Momentum – Bloomberg

.

Read more:

Good news for Westbury! New banking hub and central post office branch planned for the town White Horse News 18:53 Tue, 23 Apr 

In the last month

TANZANIA: Tanzania Commercial Bank intends to open Islamic banking window by end of 2024, Daily News reports Islamic Finance News 07:31 Fri, 12 Apr 

Barclays Leads European Banks in Showing Path After Rate Hikes BNN Bloomberg 16:10 

In the last 2 hours

Video: Barclays profits down amid sluggish mortgage demand Sky News 15:11 

In the last 4 hours

UK Stocks: Barclays (BARC) Shares Rally on Upbeat Q1 Results TipRanks 14:34 

Back in profit: Barclays share price jumps nearly 5% on latest results euronews 14:15 

Companies roundup: Barclays, Unilever & Meta Investors Chronicle 14:14 

Barclays’ share price jumps 5% on Q1 news. Will it soon be too late to buy? Motley Fool (UK) 14:12 

Barclays reports 12% profit fall on back of mortgage squeeze Mortgage Strategy 13:49 

Credit Suisse veteran Pick in at Barclays as EMEA M&A head Financial Sector Technology 13:40 

In the last 6 hours

Mortgage slowdown contributes to profit fall at Barclays Mortgage Finance Gazette 12:49 

Profits drop 12% for Barclays Punchline Magazine 12:31 

Nationwide, Barclays and Lloyds ‘winners’ in free cash current account switch offers The Mirror 12:30 

Barclays profits slip amid mortgage squeeze AOL.co.uk 11:46 

Barclays profits tumble 12% as UK interest rates hit mortgage demand Yahoo! UK & Ireland 11:36 

Barclays profits down as investment banking drags performance Investomania 11:29 

Barclays profits hit by weaker mortgage lending and customer deposits – but cost-cutting and promise of investor payouts lifts shares This is Money 11:20 

Barclays Q1 profits fall to £2.3bn as mortgage lending and investment bank squeezed The Mirror 11:19 

Banking giant Barclays reports lower profits for the start of the year Yorkshire Post 11:15 

Barclays’ feeble quarter is a reminder of the restructuring beast in the background eFinancialCareers 11:07 

Barclays first quarter profit falls but beats expectations London South East 11:07 

Barclays Q1: Stable Rather Than Dynamic Investing.com UK 11:07 

UK bank Barclays logs falling quarterly profit Malay Mail 10:50 

In the last 8 hours

Barclays Leans on Stock Traders as Fixed Income Falters BNN Bloomberg 10:34 

Barclays back in black following robust first-quarter results Proactive Investors (UK) 10:32 

Deutsche Bank and Barclays Soar in Q1, Report Net Income Above Expectations Finance Magnates 10:21 

Barclays posts robust first-quarter results Proactive Investors (UK) 10:21 

Stocks steady, AstraZeneca, LSEG, Unilever and Barclays lead big update day Investing.com 10:20 

Barclays profit falls as mortgage lending and investment bank squeezed Evening Standard 10:17 

Barclays Q1 profit falls 12% as mortgage competition hits RTE 10:14 

Barclays faces mortgage margin pressure in robust first-quarter results Proactive Investors (UK) 10:11 

Barclays’ investment bank stutters as fixed income trading tumbles 21% Financial News 10:08 

Barclays profit drops on lower lending income as investment bank struggles City AM 09:57 

Barclays swings back to profit in first quarter amid strategic overhaul CNBC 09:52 

Earlier Today

Nationwide, Barclays and Lloyds current account switch ‘winners’ at end of 2023 Evening Standard 02:33 

Yesterday

Barclays takes EUR260 million loss from Italian mortgage book sale London South East 22:13 Wed, 24 Apr 

Barclays analysts foresee challenging times ahead for global bonds Investing.com 13:05 Wed, 24 Apr 

Why this FTSE 100 company is the first I’m buying for my 24/25 Stocks and Shares ISA Motley Fool (UK) 12:23 Wed, 24 Apr 

Climate activists to stage further protests against Barclays in Broad Street RDG.Today 09:34 Wed, 24 Apr 

Tuesday

3 High Yield Dividend Stocks You Can Buy For Under $10 Benzinga 15:51 Tue, 23 Apr 

Barclays’ bankers and traders are living in fear of early May eFinancialCareers 14:22 Tue, 23 Apr 

Thames Water Bond Haircut Risks Contagion, Barclays Survey Says BNN Bloomberg 12:55 Tue, 23 Apr 

County Hall to offer space for community banking The Pembrokeshire Herald 12:15 Tue, 23 Apr 

NatWest, Barclays, HSBC hike mortgage rates Proactive Investors (UK) 11:24 Tue, 23 Apr 

Up 30%, this FTSE 100 stock has been my best buy in 2024 Motley Fool (UK) 11:05 Tue, 23 Apr 

Town to get community banking space after Barclays closes Western Telegraph 09:13 Tue, 23 Apr 

Former Barclays bank to be converted into flats Halesowen News 

News & Views Podcast | Episode 148: Copycat Banking Sites and Blockchain The Fintech Times 17:06 Tue, 02 Apr 

PROPTECH-X ‘Proptech & Property News’: Coadjute to transform UK property market with backing from Lloyds Banking Group, Nationwide, NatWest and Rightmove joining forces in strategic investment round | The Guild feels housing market is stabilisingProptech-X 13:28 Tue, 02 Apr 

NYCB tailspin, JPMorgan lawsuit: Top banking news for March 2024 American Banker 19:26 Mon, 01 Apr 

Share this: