Shares in UK bank Barclays (BARC) climbed by more than 27% in 2021 on the global economic recovery from the Covid-19 pandemic but have retreated by 2% year-to-date as stockmarkets have come under pressure.To get more news about barclay stone review, you can visit wikifx.com official website.

The bank stock has been caught between the negative impact of rising interest rates on stock prices and the bullish effect of higher interest rates on revenues for financial products such as credit cards and loans.

In this article, we look at the latest Barclays share price news and some of the forecasts for the direction of the share price.

Barclays management changes
Barclays has recently undergone a reshuffling of its top management team. CS Venkatakrishnan (known as Venkat) was appointed as group chief executive in November 2021 after James ‘Jes’ Staley stepped down following an investigation by the UK’s Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA).

Prior to the appointment he was head of global markets, co-president of Barclays Bank and a member of the group executive committee of Barclays, based in New York. He has also served as chief risk officer at Barclays.

The bank is focused on its investment banking division and driving growth in its consumer banking business. While inflation pressures have weighed on the share price, expectations of rising interest rates in the US and UK in 2022 and beyond could provide support, as the bank will be able to raise its revenue from loans and credit cards.

The Bank of England (BoE) raised the UK bank rate from 0.25% to 0.5% on 3 February as the central bank attempted to tackle inflation, and said that interest rates are likely to rise further over the coming months. In the US, the Federal Reserve (Fed) is expected to begin raising interest rates in March.

In its third-quarter earnings results, Barclays reported strong corporate and investment bank (CIB) performance, as investment banking fees and equities income had its best third-quarter, year-to-date results on a comparable basis, driving a return on tangible equity (RoTE) of 16.4%, up from 10.5% in the same period of 2020.

Barclays reinstated its dividend in the second quarter of last year in response to improved results, paying an interim dividend of 2p a share, compared with 3p in 2019. The bank expects to continue to pay a progressive ordinary dividend and supplement it with additional returns such as share buybacks “as appropriate”.Recent announcements show that Barclays continues to expand its business internationally.

On 20 December, Barclays announced that it received approval from the Australian Prudential Regulation Authority (APRA) to operate as a foreign authorised deposit-taking institution (ADI) in Australia. The company expects its Australia branch in Sydney to go live in April 2022.

Barclays re-established operations in Australia in 2018 to provide global financing products and services to corporate and investment bank clients.

“Australia presents tremendous growth opportunities and is an important financial services market in the region,” said Jaideep Khanna, head of Barclays, Asia Pacific.
The Barclays share price plunged from £1.83 per share in February 2020 to £0.80 per share at the end of March 2020 as Covid-19 lockdowns hit consumer spending. The stock price has since been in an upward trend in anticipation of a return to pre-pandemic growth in global economic activity. The share price climbed from £1.47 per share at the end of 2020 to £1.87 per share at the end of 2021.

The share price climbed to £2.17 per share on 13 January, its highest level since March 2017. But then dropped to £1.90 per share on 24 January when stock prices fell over suggestions the US Federal Reserve could raise interest rates faster than expected to tackle inflation. Higher interest rates tend to result in investors favouring Treasury bonds and interest-bearing accounts over higher-risk stocks.

As well as trading on the London Stock Exchange (LSE) under the ticker BARC, Barclays is also listed on the New York Stock Exchange (NYSE) as BCS. The BCS stock price has been virtually unchanged year to date, closing at $10.54 per share on 17 February after gaining 29.5% in 2021.