0924 GMT - Barclays's share drop is a buying opportunity, JP Morgan Cazenove says in a research note. The stock fell following 4Q results despite beating estimates, as expectations were already high with shares up 15% year to date, analysts Kian Abouhossein and Sheel Shah write. The company was also hit by restructuring costs that exceeded consensus, which offset revenue momentum in the investment banking division, they add. Still, the British bank is one of analysts' top picks in Europe given its sweet spot exposure to European and U.S. trends. Shares fall 5.2% to 292 pence. (elena.vardon@wsj.com)
(END) Dow Jones Newswires
February 13, 2025 04:24 ET (09:24 GMT)
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