Barclays: Well On Track To Deliver On The Triple-Digit Upside
Barclays(BCS) seekingalpha.com·2024-05-20 12:32
stockcam About a year ago, in May 2023, I argued that Barclays (NYSE:BCS) (OTCPK:BCLYF) stock is deeply undervalued, and I projected a "triple-digit upside opportunity". Since the argument was made, Barclays has returned about 43% total equity return to investors, including dividend and buybacks, and today I am confident to reiterate my "Buy" thesis. Pointing to Barclay's recently announced Q1 results, I highlight that the Bank reported £6.95 billion of revenues and £2.3 billion of pre-tax profits, both ...