BCS Earnings Prediction
The chart below shows how BCS performed 10 days before and after its earnings report, based on data from the past quarters. Typically, BCS sees a -1.16% change in stock price 10 days leading up to the earnings, and a +1.08% change 10 days following the report. On the earnings day itself, the stock moves by +0.57%. This data can give you a slight idea of what to expect for the next quarter's release.
BCS Key Earning Data
2024/Q4
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BCS Earnings Analysis
Barclays PLC Corporation (BCS.N) Earnings Conference Call
Positive
Tangible Equity Return Rates: Return on tangible equity was 12.3% in the third quarter and 11.5% year-to-date.
Income Stability Focus: Total income for Q3 was £6.5 billion and is £19.8 billion year-to-date with a continued focus on the quality and stability of our income mix.
Return on Tangible Equity: Barclays UK delivered a return on tangible equity of 23.4% for the quarter and over 20% year-to-date.
Cost Savings Progress: We achieved a further £300 million of gross cost savings this quarter, taking the total for the first 9 months to £700 million, on track for our targeted £1 billion for the full year 2024.
Lending Activity Momentum: We continue to see positive momentum in our lending activities, particularly in mortgages, cards, and unsecured personal lending.
Negative
Income Overview and Stability: Total income for Q3 was £6.5 billion and is £19.8 billion year-to-date with a continued focus on the quality and stability of our income mix.
Cost-to-Income Ratio Stability: Our cost-to-income ratio was 61%, both in the third quarter and year-to-date.
Impairment Charge Analysis: The impairment charge of £374 million equated to a loan loss rate of 37 basis points.
UK Customer Charge Overview: The UK customer charge was just £16 million, a loan loss rate of 3 basis points, which included a post-model adjustment release of around £50 million.
RWA Impact from IRB Migration: The total impact to RWA from the IRB migration still done at circa £16 billion, of which around £5 billion will be reflected at the time Basel 3.1 is implemented.
BCS FAQs
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BCS Earning Call Sentiment
Barclays PLC (BCS) Q3 2024 Earnings Call Transcript
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-1.09%Positive
The earnings call highlights strong financial performance with an increase in RoTE, profit before tax, and total income. The company is on track with cost savings and shareholder return plans, including a significant share buyback program. The Q&A section revealed no major negative concerns, although some responses were vague. Despite minor risks like a weaker U.S. dollar impact and market volatility, the optimistic guidance and strong financial metrics suggest a positive stock price movement in the short term.