Outlook unclear for UK's biggest lenders after mixed bag of full year earnings
It's been a rollercoaster week of UK banking results with an underwhelming finale from RBS and Lloyds impressing with its highest profits in a decade
Company
Barclays PLC
LON:BARC
Barclays is a major global financial services provider engaged in retail and commercial banking, credit cards, investment banking, wealth management and investment management services, with an extensive international presence in Europe, the USA, Africa and Asia. With over 300 years of history and expertise in banking, Barclays operates in over 50 countries and employs 147,000 people.
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Will Barclays' results be duff, like HSBC's, or buff, like Lloyds'?
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"No party lasts forever": Barclays blighted as Berenberg cuts to 'sell' on valuation grounds
The German broker's analysts said that they “struggle to justify” Barclays’ current valuation of 12.2x their 2018 EPS estimates and therefore downgraded their rating .