Barclays Stock Offers Sizeable Gains As Economic Conditions Improve
- Date: 27-Oct-2020
- Source: Forbes
- Sector:Financial Markets
- Country:Middle East
Barclays Stock Offers Sizeable Gains As Economic Conditions Improve
LONDON, UNITED KINGDOM - 2020/08/31: Barclays Bank branch seen in central London. (Photo by Dinendra ... [+] Haria/SOPA Images/LightRocket via Getty Images)
SOPA Images/LightRocket via Getty Images
Barclays stock (NYSE: BCS) has a 60% upside (back to pre-crisis level) in 1-2 years as the lower interest rate environment improves and GDP sees some recovery, leading to a growth in total loans and net interest income. Lower provision and stable NPL (Non-Performing Loans) can improve Barclays' profitability in the near term - providing a boost to the bank's stock price.
Barclays stock currently trades near $5.83 and it has lost around 40% in value so far this year. It traded at a pre-Covid high of $9.32 in February, and it is 40% below that level
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