Barclays Bank 'Research Arm' Recommends Buying Barclays Stock

Investec, the stock research arm of Barclays Bank, is making a strong recommendation to buy Barclays PLC (ADR) (NYSE:BCS) (LON:BARC) as it notes “discriminatory regulatory behavior” as a potential risk to the stock price.

Investec notes Barclays underlines performance beat

In a report titled “And now you’re gonna believe us…the tNAV’s going up!” the research arm of the bank noted a 25 percent underlying performance “beat” relative to consensus earnings estimates. Although the bank is facing adverse currency translations and announced Spanish issues, the report says “fear not,” as it sees “attributable profit of £0.1bn, but with a positive currency reserve move of +£0.9bn. As such, we see the [net asset value] rising 5p to 284p.”