olivLaw · US equity research
Barclays PLC BCS
Commercial Banks, NEC · SIC 6029 · Vertical: Commercial Banks, NEC (SIC 6029)
Barclays PLC is a British universal bank running five divisions, from UK retail and corporate banking to investment banking and a US co-branded card business. In 2025 it reported income of £29.1bn, while its three-year plan emphasises higher returns and a larger share of activity in the UK.
The AI analysis may be outdated: new filings came after its sources (see the «AI analysis» section).
At the close of 04 Nov 2026, Barclays PLC (BCS) stock was 23.70 USD (+5.80% on the day), with beta 1.31, 52-week range 20.07–28.56 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 55.1
- strong (55–70)
- Bollinger (20, 2)
- 21.77 – 23.53
- above the upper band · %B 1.10 · band width 7.8%
- SMA 50 / 200
- 24.30 / 24.80
- downtrend (price < SMA50 < SMA200)
- MACD (12, 26, 9)
- -0.38 / -0.59
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | +0.5% | −1.1% | +1.6 pp | — |
| 3 months | −16.7% | −0.5% | −16.3 pp | — |
| 6 months | −1.3% | +4.4% | −5.7 pp | — |
| Year to date | −6.9% | +12.3% | −19.2 pp | — |
| 1 year | +12.3% | +13.5% | −1.3 pp | +23.0% |
| 3 years | +249.6% | +76.4% | +173.1 pp | +123.9% |
| 5 years | +124.6% | +63.7% | +61.0 pp | — |
Price returns, dividends excluded.
Quarterly results
ESEF annual reports carry no quarters: the results are annual (below).
E/P over time
the price (USD) and the reports are in different currencies
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Fiscal years
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 8.8 bn | 9.0 bn | 8.5 bn | 9.8 bn | 9.5 bn | 10.0 bn | 10.7 bn | 11.1 bn |
| Revenue YoY | unavailable | +2.6% | −5.4% | +14.5% | −2.7% | +5.1% | +7.3% | +3.7% |
| Net income | 2.3 bn | 3.3 bn | 2.4 bn | 7.0 bn | 5.9 bn | 5.3 bn | 6.3 bn | 7.2 bn |
| Net income YoY | unavailable | +39.4% | −27.2% | +194.1% | −15.4% | −11.3% | +19.9% | +13.7% |
| Diluted EPS | 0.09 | 0.14 | 0.09 | 0.36 | 0.30 | 0.27 | 0.35 | 0.42 |
| Diluted EPS YoY | unavailable | +53.3% | −39.0% | +314.0% | −16.3% | −9.7% | +29.4% | +21.6% |
| net % | 26.8% | 36.4% | 28.0% | 71.8% | 62.4% | 52.7% | 58.9% | 64.6% |
| Free cash flow | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 256.5 bn GBP
- Financial debt
- unavailable GBP
- Net debt
- unavailable GBP
- Equity
- 78.2 bn GBP
- Total assets
- unavailable GBP
- Debt / equity
- unavailable
- Current ratio
- unavailable
- ROE
- 9.5%
- ROA
- unavailable
- FCF margin
- unavailable
Financial statements (source on every figure)
Revenue and net income (GBP)
Income statement · GBP
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Pre-tax income | 3.1 bn | 8.2 bn | 7.0 bn | 6.6 bn | 8.1 bn | 9.1 bn | SEC (XBRL)· 10 Feb 2026verified |
| Net income | 2.4 bn | 7.0 bn | 5.9 bn | 5.3 bn | 6.3 bn | 7.2 bn | SEC (XBRL)· 10 Feb 2026verified |
| Diluted EPS | 0.09 | 0.36 | 0.30 | 0.27 | 0.35 | 0.42 | SEC (XBRL)· 10 Feb 2026verified |
Balance sheet · GBP
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 210.1 bn | 259.2 bn | 278.8 bn | 248.0 bn | 235.6 bn | 256.5 bn | SEC (XBRL)· 10 Feb 2026verified |
| Total assets | — | 1,384.3 bn | — | — | — | — | SEC (XBRL)· 23 Feb 2022verified |
| Total liabilities | 1,282.6 bn | 1,314.2 bn | 1,444.4 bn | 1,405.6 bn | 1,445.7 bn | 1,465.9 bn | SEC (XBRL)· 10 Feb 2026verified |
| Equity | 66.9 bn | 70.0 bn | 69.3 bn | 71.9 bn | 72.5 bn | 78.2 bn | SEC (XBRL)· 10 Feb 2026verified |
| Shares outstanding at year end | 17.4 bn | 16.8 bn | 15.9 bn | 15.2 bn | 14.4 bn | 13.9 bn | SEC (XBRL)· 10 Feb 2026verified |
Cash flow · GBP
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Share repurchases | 1.1 bn | 1.3 bn | 3.7 bn | 4.8 bn | 4.5 bn | 5.6 bn | SEC (XBRL)· 10 Feb 2026verified |
Computed indicators
Growth
Profitability
Returns
Market and valuation
Banking
32 indicators that do not apply to the sector.
Valuation
olivLaw classification
- indicators available: 3 of at least 6
- score weight coverage: 30.0% of at least 60%
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: unavailable
Price and reporting are in different currencies; market indicators are unavailable.
Key indicators
Coverage and freshness
Score by group
30% · Insufficient data
Estimated value range
unavailable — no valuation assumptions for the reporting currency
Valuation assumptions are editorial choices, not measured; beta is not measured.
Valuation methods
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 6.5%
- Equity risk premium
- 6.0%
- Beta (default)
- 1.00
- Cost of equity
- 12.5%
- Terminal growth
- 3.0%
Factor scorecard
Insufficient data
Minimum-evidence gate: indicators available: 3 of at least 6; score weight coverage: 30.0% of at least 60%
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROE · Quality | 9.6% | 26 (vs peers) | 53% |
| ROA · Quality | unavailable | unavailable | — |
| Cost-to-income · Quality | unavailable | unavailable | — |
| Net interest margin · Quality | unavailable | unavailable | — |
| EPS CAGR 3Y · Growth | 12.4% | 100 (on a fixed band) | 27% |
| Revenue CAGR 3Y · Growth | 5.4% | 54 (on a fixed band) | 20% |
| NPL ratio · Balance sheet | unavailable | unavailable | — |
| Cost of risk · Balance sheet | unavailable | unavailable | — |
| Loan-to-deposit · Balance sheet | unavailable | unavailable | — |
| P/B · Valuation | unavailable | unavailable | — |
| P/E (TTM) · Valuation | unavailable | unavailable | — |
| Dividend yield · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet· partialunavailable · 0/3 factors with a value
- Growth80/100 · 2/2 factors with a value
- Quality· partial26/100 · 1/4 factors with a value
- Returns· partialunavailable · 0/1 factors with a value
- Valuation· partialunavailable · 0/2 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
BARCLAYS PLC (BCS). Latest full fiscal year: 2025; data up to 2025-12-31.
Figures computed from the financial statements: YoY growth 3.7%; net margin 64.6%; ROE 9.6%.
The estimated value range is 3.52–5.37 GBP per share (median of 5 methods, agreement: medium); assumptions are illustrative. The range is the median of the methods' low, central and high values, not a probability interval.
Insufficient data for a verdict (indicators available: 3 of at least 6; score weight coverage: 30.0% of at least 60%).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- EPS CAGR 3Y: 12.4%
What contradicts it
- ROE: 9.6%
Not assessed (insufficient data or a ratio without meaning): ROA, Cost-to-income, Net interest margin, NPL ratio, Cost of risk, Loan-to-deposit, P/B, P/E (TTM), Dividend yield.
Versus the vertical median
Commercial Banks, NEC (SIC 6029) · same industry (4-digit SIC) · compared with 20 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| BCHBank of Chile | 3,989.2 bn | 3.2 | 25,665.4% | 1,571,522.8% | −10.7% | +5% / +74% |
| HDBHdfc Bank Limited | 186.2 bn | 23.4 | 9.1% | 30.8% | +15.2% | −34% / −19% |
| KBKB Financial Group Inc. | 41.2 bn | 13.4 | 8.3% | 0.0% | +17.8% | +35% / +185% |
| NTBThe Bank of N.T. Butterfield & Son Limited | 2.2 bn | 10.1 | 21.4% | 38.2% | +4.6% | +19% / +100% |
| BLXForeign Trade Bank Of Latin America, Inc. | 1.9 bn | 9.2 | 16.2% | 67.8% | +14.1% | +14% / +110% |
| PGCPeapack Gladstone Financial Corp | 839.4 m | 16.4 | 7.7% | 16.4% | +24.1% | +75% / +91% |
| AVALGrupo Aval Acciones Y Valores S.A. | 30 | 0.1 | — | — | −2.4% | +3% / +93% |
| BMOBank Of Montreal | — | — | 10.1% | 24.0% | +10.6% | +41% / +116% |
| SUPVGrupo Supervielle S.A. | — | — | 13.6% | 12.2% | −13.9% | −48% / +73% |
| CMCanadian Imperial Bank Of Commerce | — | — | 13.7% | 28.9% | +13.8% | +39% / +190% |
| BAPCredicorp Ltd | — | — | 16.5% | 20.0% | +7.0% | +40% / +186% |
| VBNKVersaBank | — | — | 6.1% | 22.8% | +11.7% | +90% / +193% |
| LYGLloyds Banking Group plc | — | — | 10.0% | 24.0% | +7.9% | +3% / +141% |
| NWGNatWest Group plc | — | — | 14.2% | 19.3% | +3.1% | −1% / +209% |
| TDToronto Dominion Bank | — | — | 16.9% | 30.3% | +18.4% | +53% / +110% |
| INTRINTER & Co, INC. | — | — | 11.1% | 14.2% | +34.7% | −56% / −25% |
| SANBanco Santander, S.A. | — | — | 12.8% | — | +0.0% | +12% / +194% |
| MUFGMitsubishi UFJ Financial Group, Inc. | — | — | 9.1% | 14.6% | +9.5% | +39% / +156% |
| INGIng Groep NV | — | — | 15.6% | 32.4% | +21.8% | +27% / +133% |
| BCSBarclays PLC | — | — | 9.6% | 64.6% | +3.7% | +12% / +250% |
| RYRoyal Bank Of Canada | — | — | 15.3% | 30.6% | +16.1% | +36% / +132% |
1- and 3-year price returns: for BCS from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Scenarios are not available. input data missing
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 10 Feb 2026; since then the company filed 6-K (03 Nov 2026), 6-K (02 Nov 2026), 6-K (23 Oct 2026), 6-K (22 Oct 2026).
In brief
Barclays PLC is a British universal bank running five divisions, from UK retail and corporate banking to investment banking and a US co-branded card business. In 2025 it reported income of £29.1bn, while its three-year plan emphasises higher returns and a larger share of activity in the UK 1.
SWOT
Strengths
Weaknesses
Opportunities
Risks
- Credit riskmedium
Loan losses could rise if the economy slows, although the bank says it manages its loan loss rate within its stated risk appetite 1.
- Market riskhigh
Market volatility could affect Investment Bank results during periods of instability 1.
- Cyber riskhigh
Rising cyber threats could affect systems and client confidence 1.
- Regulatory riskmedium
Implementing capital rules and regulatory divergence could change capital requirements 1.
- Execution riskmedium
The simplification plan and the Tesco Bank integration depend on operational delivery and cost reduction 1.
Investment thesis
What would need to be true (bull case)
- If the return targets in the three-year plan are met, the bank could benefit from a shift towards more stable income and a larger share of UK activity 1.
- The wealth management division reports very high returns, which could support growth in fee income 1.
- Investment in technology and AI could lower costs and improve operating efficiency 1.
What to watch
- Progress towards the 2026 statutory return on tangible equity target2026
- Trend in Investment Bank RWAs against the 2028 target2028
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 10 Feb 2026; since then the company filed 6-K (03 Nov 2026), 6-K (02 Nov 2026), 6-K (23 Oct 2026), 6-K (22 Oct 2026).
The business
Barclays describes its model as universal banking, linking lending, saving, investing and payments across the group. The group is organised into five business areas: Barclays UK, Barclays UK Corporate Bank, Barclays Private Bank and Wealth Management, Barclays Investment Bank and Barclays US Consumer Bank 1. The stated aim is a simpler, better and more balanced bank, with targets set to 2028 1.
Segments
Private Bank and Wealth Management
PBWM delivered a return on equity of 24.3% in 2025, supported by the Smart Investor digital platform and expansion in the Middle East and Asia 1.
Trends
- Geopolitical tensions and protectionismheadwind
Ongoing conflicts and rising protectionism could reshape trade flows and financing demand, which could weigh on investment banking revenue 1.
- Adoption of AItailwind
The bank is investing in AI for customer service, productivity and software development, with partners including Amazon Web Services and Microsoft 1. If these investments lower costs, they could support the cost to income target 1.
- Interest in digital assets and investingmixed
Growing interest in digital investing and crypto could help attract clients to investment platforms, but it also brings new compliance risks 1.
Competitive position
In investment banking, Barclays says it ranks sixth among investment banks, competing with large American and European banks 1. In retail and cards, rivals include traditional banks and co-branded card issuers 1.
- JPMorgan ChaseJPM
Named among the peer banks used in Barclays' Global Markets and Investment Banking comparisons 1.
- Goldman SachsGS
Included in the peer group Barclays uses for its Global Markets comparison 1.
- Morgan StanleyMS
Mentioned in the bank's peer group for capital markets and advisory 1.
- UBS
European bank included in the Barclays reference group for investment banking 1.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
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News & filings
In the press
- Democrats Sweep House and Senate in Midterm Rebuke of TrumpBloomberg Markets · 04 Nov 2026 · EN
- Car finance: Barclays becomes first big lender to offer payouts for mis-selling of loansThe Guardian World · 03 Nov 2026 · EN
- При крушении самолета во Флориде погиб мультимиллионер РобинсонKommersant (RU) · 03 Nov 2026 · RU
- Cursul de schimb USD de astăzi (31 octombrie): USD este sub presiune pe măsură ce yenul își revine. - Vietnam.vnSurge — Google News · 31 Oct 2026 · RO
- Acțiunile Coinbase ating minimul din doi ani după reducerile analiștilor și hackul Binance - InvezzSurge — Google News · 30 Oct 2026 · RO
- What Wall Street Really Thanks About the AI Trade (Podcast)Bloomberg Markets · 29 Oct 2026 · EN
- Marea Britanie reduce facturile la energie şi majorează taxele pentru bănci, într-un buget care prevede investiţii în apărare şi inteligenţă artificială - News.roSurge — Google News · 28 Oct 2026 · RO
- Barclays Turns to Insurers to Hedge Billions of Data Center DebtBloomberg Markets · 28 Oct 2026 · EN
- Lloyds formează dublu minim înainte de bugetul Regatului Unit și rezultatele T3 - InvezzSurge — Google News · 28 Oct 2026 · RO
- Barclays Sees FX Volatility Staying Elevated as Dollar RisesBloomberg Markets · 27 Oct 2026 · EN
- Corporate-Bond Trading Is Moving Beyond Top Securities, Barclays SaysBloomberg Markets · 27 Oct 2026 · EN
- Фондовые индексы США выросли вслед за акциями ИИ-компанийInterfax Russia (RU) · 27 Oct 2026 · RU
- Акции Европы начали неделю в плюсеInterfax Russia (RU) · 27 Oct 2026 · RU
- Șefii băncilor câștigă în două zile cât un angajat obișnuit într-un an. Medie de 8,9 milioane de lire sterline - Stirile ProTVSurge — Google News · 26 Oct 2026 · RO
- BREAKING: Buy Tesla ahead of potential SpaceX merger, Barclays saysTelegram — Insider Paper (EN, defense leaks) · 26 Oct 2026 · EN
- Buy Tesla ahead of potential SpaceX merger, says BarclaysCNBC — Top News · 26 Oct 2026 · EN
- An American lawyer helped open a backchannel between Biden’s White House and Putin. A Financial Times report details the exchanges, a later unofficial peace bid, and how it fell apart.Meduza English (independent RU/exile) · 25 Oct 2026 · EN
- Is London really the most - taxed city ? Banks accused of cherrypicking dataSurge — GDELT DOC · 24 Oct 2026 · RO
- Barclays ‘House of Fixed Income’ Pins Future Growth on EquitiesBloomberg Markets · 24 Oct 2026 · EN
- Barclays, Fidera Seek Payout From Bankrupt UAE Remittances FirmBloomberg Markets · 23 Oct 2026 · EN
SEC filings
- Current report (foreign issuer)03 Nov 2026
- Current report (foreign issuer)02 Nov 2026
- Current report (foreign issuer)02 Nov 2026
- Current report (foreign issuer)23 Oct 2026
- Current report (foreign issuer)22 Oct 2026
- Current report (foreign issuer)22 Oct 2026
- Current report (foreign issuer)09 Oct 2026
- Current report (foreign issuer)01 Oct 2026
- Current report (foreign issuer)24 Sept 2026
- Current report (foreign issuer)24 Sept 2026
Sources
- [1] Form 20-F, fiscal year ended 2025-12-31 · SEC / Barclays PLC · 10 Feb 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.