Morningstar - Barclays PLC (BARC) 2018 Starts With a Loss for Barclays: Weak Top Line and Higher Litigation Charges Hit the Quarter

Report

Morningstar

Derya Guzel

EUR 100.00 For Business Accounts Only

2018 Starts With a Loss for Barclays: Weak Top Line and Higher Litigation Charges Hit the Quarter

No-moat Barclays posted GBP 764 million loss for the first quarter of 2018, compared with profit of GBP 190 million a year earlier. While the total revenue line was weak, declining 8% year over year, operating expenses were higher on the back of the settlement with the U.S. Department of Justice regarding residential mortgage-backed securities and additional provision charges relating to payment protection insurance, or PPI, charges. However, while RMBS charges hit the quarterly profit, we think...

26/04/2018 14 EN

Underlying

Barclays PLC

Barclays is a holding company. Through its subsidiaries, Co. is a financial services provider engaged in retail banking, credit cards, wholesale banking, investment banking, wealth management and investment management services. Co.'s business segments are: Barclays U.K, which provides everyday products and services to retail customers and small to medium sized enterprises; Barclays International, which delivers products and services designed for Co.'s corporate, wholesale and international banking clients; and Head Office, which comprises head office and central support functions (including treasury) and businesses in transition.

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GB0031348658 London Stock Exchange United Kingdom

Provider

Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

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Analysts

Derya Guzel

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2018 Starts With a Loss for Barclays: Weak Top Line and Higher Litigation Charges Hit the Quarter

Barclays: 1 director

Barclays Appoints Kieran Whitty as a Co-Head of Healthcare for Europe, Middle East and Africa

Barclays Bank PLC Announces Proposed Change to Index Underlying the iPath® Select MLP ETNs

Business as Usual for No-Moat Lonza; Specialty Ingredients Carve-Out on Track for 2020

Sasol Provides Full-Year Production Update

Sasol Provides Full-Year Production Update

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