0811 GMT - Barclays posted a solid set of results but there is little new to get excited about, Citi says in a research note. "This, plus the strong run up in the share price over the past year, may temper any initial reaction, but the stock still appears inexpensive in our view," the analysts write. The British bank posted pretax profit ahead of consensus with a beat in revenue. Its new guidance for 2025 is broadly in line with consensus and 2026 targets were confirmed, they add. Other items, including the 1 billion pound share buyback, also met expectations. Shares fall more than 4% to 294 pence.(elena.vardon@wsj.com)
(END) Dow Jones Newswires
February 13, 2025 03:11 ET (08:11 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.