Barclays (LON: BARC) share price is finally showing some recovery after an intense sell-off in August. The shares of the...
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 slid by 5.28%, to 153.32p, as the UK Bank announced its second-quarter results last Thursday. The...
Barclays (LON: BARC) share price has dropped to fresh weekly lows as the selling pressure in UK stocks increased on...
Barclays (LON: BARC) share price has been gaining strength for the past few weeks. The shares have bounced off strongly...
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Barclays (LON: BARC) share price has rebounded strongly from its June lows. However, due to the negative sentiment in the...
Barclays (LON: BARC) share price has been experiencing a sharp sell-off for the past few days. The shares of the...
Barclays (LON: BARC) share price is struggling to gain momentum after a strong rebound from the March 2023 lows. The...
Barclays (LON: BARC) share price has been consolidating around a key level for the past few weeks. The growing banking...
Barclays (LON: BARC) share price has been trading inside the same trading range as mentioned in my previous article. The...