Barclays said could return surplus capital

Barclays Sign

Barclays may unveil plans to pay out more money to shareholders to fend off criticism of its investment-banking performance -- and continued pressure from activist Edward Bramson.

Bloomberg News reports that that’s a growing view among several analysts ahead of the London-based bank’s earnings report on February 21. Returning surplus capital could be part of a “cohesive strategy to improve returns,” said Shore Capital’s Gary Greenwood.

“Investors should look forward to hearing management’s aspirations around capital return,” said Jefferies’ Joseph Dickerson. Deutsche Bank’s David Lock, meanwhile, said that Barclays is in a position to both increase its dividend in 2020 and announce a $643m buyback halfway through the current fiscal year, though he doesn’t expect such an announcement imminently.

Hit the link below to access the complete Bloomberg News article:

Barclays May Use Buyback to Mute Raider Attack, Analysts Say

Morgan Stanley Seeks More Takeovers After Biggest Deal Since ’08


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