BARCLAYS INCREASES TARGET PRICE FOR NORTHERN TRUST TO $176, UP FROM $160
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2 days ago
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Should l Buy BCS?
Source: moomoo
Northern Trust Update: Barclays has raised the price target for Northern Trust shares from $160 to $176.
Market Implications: This adjustment reflects Barclays' positive outlook on Northern Trust's performance and potential growth in the financial sector.
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Analyst Views on BCS
About BCS
Barclays PLC is a diversified bank with five divisions comprising Barclays UK, Barclays UK Corporate Bank, Barclays Private Bank and Wealth Management, Barclays Investment Bank and Barclays US Consumer Bank. The Barclays UK division represents businesses that sit within the United Kingdom ring-fenced bank, Barclays Bank UK PLC and its subsidiaries, and comprises Personal Banking, UK Business Banking and Barclaycard Consumer UK. The Barclays UK Corporate Bank division offers lending, trade and working capital, liquidity, payments, and FX solutions for corporate clients. Barclays Private Bank and Wealth Management division comprises the Private Bank, Wealth Management, and Investments businesses. Barclays Investment Bank division incorporates the Global Markets, Investment Banking, and International Corporate Banking businesses. Barclays US Consumer Bank division represents the United States credit card business, focused on the partnership market, as well as an online deposit franchise.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Financial Crisis Intensifies: MFS collapsed in February amid allegations of widespread wrongdoing, with creditors alleging a £1.3 billion gap in its finances, making Wells Fargo's loan critical in the context of potential future credit strategies.
- Barclays' Losses: Although Barclays recouped a similar amount post-Wells Fargo transaction, it remains MFS's largest creditor, still owed approximately £500 million, with expectations that its impairment for MFS exposure will be
See More
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Wells Fargo's Exit from MFS: Wells Fargo has exited its partnership with MFS, marking a significant shift in its investment strategy.
Impact on Frozen Accounts: The exit has implications for frozen accounts, affecting clients and their access to funds.
See More
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Northern Trust Update: Barclays has raised the price target for Northern Trust shares from $160 to $176.
Market Implications: This adjustment reflects Barclays' positive outlook on Northern Trust's performance and potential growth in the financial sector.
See More
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- Cautious Industry Outlook: MacWilliams noted that the current earnings season may not provide robust enough results to shift investor sentiment positively, highlighting a general caution towards software stocks, particularly Atlassian.
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See More
