Oct 25, 2019
Barclays: sword prey
Now, four years later, he can take heart from the latest set of results out Friday. Investors might ask for some payback from any extra capital generated over the next year. Mr Staley, noting that Barclays trades at half book value, says any extra distribution will be via share buybacks rather than more dividends. Partly to his credit, the valuation gap, in terms of price to tangible book, between Barclays and its European peers has narrowed over the past two years. Yes, Barclays group ROTE year to date - at 9.7 per cent - meets his target of exceeding 9 per cent for full year.
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