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0 -0.000494804552201958 0.00296882731321122 0.00346363186541318 0.0049480455220187 0.00445324096981691 0.00692726373082635 0.0084116773874317
Stock impact report

Barclays ups guidance, announces surprise $670 million share buyback [MSNBC.com]

Barclays PLC (BCS) 
Company Research Source: MSNBC.com
In this articleOne Churchill Place skyscraper, the Barclays Plc headquarters, at Canary Wharf in London, U.K., on Thursday, Jan. 7, 2021.Bloomberg | Bloomberg | Getty ImagesBritish lenderThe bank said it now expected to deliver RoTE (Return on Tangible Equity) of greater than 11%, up from around 11%, for the full year. Net interest income (excluding investment banking and head office) guidance was also upgraded to more than £12.6 billion for the year, up from over £12.5 billion."We have been robustly and consistently generating capital for our shareholders consecutively over the last nine quarters," CEO C. S. Venkatakrishnan said in a statement."Consequently, we have decided to bring forward a portion of our full-year distribution plans, with a £500m share buyback announced today and we now plan to move to quarterly share buyback announcements. Our consistent and strong delivery has laid the foundations for greater performance beyond 2026, and I look forward to sharing updated targets Show less Read more
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