Barclays jumps 8.6% after announcing major strategic overhaul
Publishing timestamp: 2024-02-20 11:59:43
Summary
Barclays reported a fourth-quarter net loss as it announced a strategic overhaul, including cost cuts and asset sales. The bank aims to return 10 billion to shareholders between 2024 and 2026 through dividends and share buybacks. Analysts had expected a profit, but the bank is embarking on a major restructuring program to reverse declining profits.
Sentiment: MIXED
Tickers: BARC-GB,
Keywords: banks, markets, barclays plc, earnings, breaking news: europe, business news,