Barclays PLC (NYSE:BCS) (LON:BARC) unveiled strong second quarter 2014 results today, posting PBT better than consensus and leading Jefferies and Investec to affirm their Buy rating on the global financial services provider.
Other analysts from Santander and Deutsche Banks have also produced Buy ratings for shares of Barclays PLC (NYSE:BCS) (LON:BARC).
Barclays PLC' strong PBT
Ian Gordon of Investec in a research note published Wednesday points out Barclays PLC (NYSE:BCS) (LON:BARC)’s PBT is above analyst consensus. Taking a closer look at PBT by division over the past ten quarters, Gordon points out the contribution from investment banking has declined, while impressive and sustained growth has been reported within Personal & Corporate Banking and Barclaycard divisions.
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