Barclays (LON: BARC) share price is rising steadily and a recent breakout has put higher price targets on the cards....
Barclays Share Price
Barclays Bank is a British bank with an international presence headquartered in London, England. The bank has evolved over multiple centuries, and its history can be traced to a goldsmith banking business founded in London in 1690.
The name Barclays is derived from James Barclay, who joined the bank in 1736 and engineered the merger of multiple banks under the name Barclays and Co.
Since January, the bank’s share price has risen over 35% but has an impressive 75% over the past 12-month period.
Barclays shares have recovered from the March 2020 lows triggered by the coronavirus pandemic as the world grappled with the global pandemic at the outset. The shares have gone on to print new multi-year highs last seen in June 2018.
Barclays CEO Jes Staley suddenly resigned from his position on November 1, 2021, after UK regulators presented their findings after investigating his relationship with Jeffrey Epstein, his client at JP Morgan since 2000.
Jes Staley had led Barclays bank since December 2015 and has restructured the Bank’s business leading to its successful exit from international markets such as Africa, while focusing on growing its investment banking division.
Staley is credited with turning around Barclays bank’s operations and making it much more profitable than he found it. As a result, the bank is considered a systemically important British bank, whose failure or collapse would significantly affect the UK economy.
In the coming months and years, investors will be watching the bank’s performance under the new CEO, C.S. Venkatakrishnan.
Barclays share price latest news
Barclays (LON: BARC) share price opened higher on Friday after a 6.32% gain in its previous session. However, the sellers...
Barclays (LON: BARC) share price is knocking at a critical resistance and a rejection may lead to lower price levels...
Barclays share (LON: BARC) price is showing a minor loss despite an emergence of buyers below 139.8p. The shares of...
Barclays share price faced a 1.7% dip on Friday as the markets reacted to mixed GDP results of the UK...
Barclays share price caught headwinds after the British bank reported disappointing results in its Q3 earnings report. Since the release...
The UK shares are once again facing headwinds as the September CPI data came slightly above expectations. The bearish sentiment...
It’s incredible how a couple of lines that I drew on the Barclays share (LON: BARC) price chart at the...
Barclays (LON: BARC) share price is currently consolidating around the middle of the 140p-178p trading range. The shares of the...
Barclays (LON: BARC) share price is on the road to recovery after a 13% correction that it faced in August....