Feb 23, 2022
Barclays: Venkat’s challenge is to lift laggardly shares
Investment banking, the engine of Barclays' recovery, did not outperform peers on revenues, but instead due to a surprising drop in costs. Venkatakrishnan's long background in risk management at JPMorgan and Barclays should come in handy. Given its healthy capital base, Barclays should have well over £3bn of excess capital as buffer. Barclays' shares offer a value proposition for investors who favour European bank shares, which Lex does not. The challenge for Venkatakrishnan and his new finance director is to make that value a little less glaring by getting the price up.
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