When is Barclays' earnings date and what should you expect?
Barclays is set to report its full-year 2024 results on February 13, with analysts forecasting profits to rise to £8.085 billion from £7.296 billion in 2023.
What to expect from Barclays' earnings
Trading platform users will be watching Barclays' full-year results on Thursday 13 February closely, with analysts projecting a significant increase in annual pre-tax profits to £8.085 billion, up from £7.296 billion in 2023.
The bank's investment banking division has demonstrated robust performance, particularly benefiting from increased trading volumes in US markets during the fourth quarter.
Cost efficiency measures have proven effective, with the bank achieving £700 million in gross cost savings by the third quarter (Q3) 2024, moving steadily towards its £1 billion full-year target.
Share trading activity could be influenced by the bank's revised Net Interest Income (NII) guidance, which now exceeds £11.0 billion, excluding the Investment Bank and Head Office. This adjustment reflects stable deposit trends and favourable interest rate movements.
Strategic developments and potential challenges
The acquisition of Tesco Bank's retail banking business, completed on 1 November, 2024, represents a significant strategic move for Barclays. This transaction included the transfer of credit cards, unsecured personal loans, deposits, and the associated operating infrastructure to Barclays Bank. Following the acquisition, Barclays and Tesco entered into a ten-year exclusive strategic partnership to market and distribute financial products under the Tesco brand.
This acquisition is expected to strengthen Barclays' position in UK unsecured lending and deposit services, potentially boosting future revenue streams.
However, investors should note potential headwinds from legacy motor finance operations, which may require additional provisions.
Market watchers using online trading platforms will need to balance these factors when evaluating the bank's prospects.
Recent performance and market outlook
Barclays has maintained stable deposit trends throughout 2024, benefiting from the favourable interest rate environment.
The bank's diversified business model, spanning retail, corporate, and investment banking, has helped cushion against market volatility.
Trading volumes have remained robust, particularly in the investment banking division, contributing to the expected profit surge.
The integration of Tesco Bank's operations could provide additional growth opportunities in the retail banking sector.
UK banking sector versus FTSE 100 comparison
The UK banking sector, up 24% from its August 2024 low, greatly outperformed the FTSE 100 index, up around 11%, as both trade in record highs. It faces both opportunities and challenges in the current economic environment of falling interest rates, though. These and regulatory changes continue to influence banking sector profitability.
Barclays' strategic initiatives and cost management efforts could support future growth.
Investors should consider these factors alongside technical indicators when making trading decisions.
Barclays technical analysis
The Barclays share price is trading in near 12-year high as it is fast approaching a major technical resistance area. It consists of the July-to-August 2010, 2011 and 2013 peaks at 312.40p-to-322.50p.
Even though the Barclays share price remains on track for its fifth straight monthly gain, it may stall within the 312.40p-to-322.50p resistance zone.
Barclays monthly candlestick chart
A weekly chart close above the 312.40p-to-322.50p resistance area could propel the Barclays share price to its 2009 and 2010 highs at 360.25p-to-364.20p
Potential retracements towards the 2014 peak at 298.15p or the 289.90p 2015 peak may represent long-term buying opportunities.
Barclays analyst and TipRanks Smart Score ratings
According to LSEG Data & Analytics, analysts rate the Barclays share as a ‘buy’ with 5 ‘strong buy’, 10 ‘buy’ and 4 ‘hold.’ Their average long-term price target comes in at 326.31p, approximately 7% higher than the current Barclays share price (as of 11/02/2025).
Barclays has a TipRanks Smart Score of ’10 Outperform’ and is rated as a ‘strong buy’ by analysts with 11 ’buy’ recommendations (as of 11/02/2025).
How to invest in Barclays
Before investing in Barclays, thoroughly research the bank's financial performance, market position, and growth strategy.
Create an account with IG to access Barclays shares through our comprehensive trading platform.
Consider whether you want to trade the short-term price movements or invest for the longer term through our share dealing service.
Monitor key market events and economic indicators that could impact banking sector performance.
How to trade Barclays' earnings results:
- Research Barclays' recent performance and market conditions
- Choose whether you want to trade or invest
- Open an account with us
- Search for Barclays in our platform or app
- Place your trade
Traders should note that all trading carries risk, and you can lose more than your deposits.
This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.
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