Barclays PLC

BARC: XLON (GBR)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Barclays Earnings: Structural Hedge Shines Again as Investment Bank Is a Detractor in Our View

Niklas Kammer

Oct 31, 2024

Barclays reported a good third quarter. The bank raised its UK net interest income guidance to about GBP 6.5 billion from GBP 6.3 billion previously on slowing mix shifts in deposits, a slower base-rate-cut trajectory, and a continued strong structural hedge momentum. We maintain our GBX 230 per share fair value estimate and no economic moat rating.

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Barclays PLC

Barclays Earnings: Structural Hedge Shines Again as Investment Bank Is a Detractor in Our View

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