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)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.