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Barclays’ profits plummet, Barclays Bank is 192p wow

Posted by L Levin on August 5, 2011 at 12:00pm
Bank group Barclays announced first-half profits of £2.64bn, down one-third on a year ago. The fall was mostly due to a one-off charge for missold payment protection insurance. Overall, results were respectable, but the market remains unconvinced and the stock is one of the lowest valued major firms in Europe, on a price/tangible-book-value ratio of 0.62.              http://www.moneyweek.com/investments/stock-markets/uk/barclays-profits-plummet-54904
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  • L Levin August 6, 2011 at 9:42am
    BARC is a quality bank like STAN/HSBC it seems to be put in with camp of RBS/LLOY/BNC, I wonder what sort of sovereign exposure they have to Italy,Spain
  • Aadil August 6, 2011 at 9:23am
    we may get another chance @ buying for 50p again
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