British bank Barclays posts 2024 pretax profit hike, launches £1 billion share buyback

British bank Barclays posts 2024 pretax profit hike, launches £1 billion share buyback


Key Points
  • British bank Barclays posted a rise in full-year pre-tax profit that came in just ahead of analyst expectations, while also launching a £1 billion share buyback.
  • Pretax profit rose by 24% to £8.108 billion in 2024, just above analyst expectations of £8.081 billion, according to LSEG. 



Source

Stocks making the biggest moves midday: Oracle, Nebius, Campbell’s, Serve Robotics, Cadre and more
Finance

Stocks making the biggest moves midday: Oracle, Nebius, Campbell’s, Serve Robotics, Cadre and more

Check out some of the companies making the biggest moves midday: Oracle — Oracle jumped 10% after the cloud infrastructure company gave strong fiscal third-quarter results and lifted its revenue guidance for fiscal 2027. Management lifted its fiscal 2027 revenue outlook by $1 billion to $90 billion. Analysts polled by LSEG had estimated $86.6 billion. […]

Read More
JPMorgan Chase reins in lending to private credit firms after marking down software loans
Finance

JPMorgan Chase reins in lending to private credit firms after marking down software loans

Key Points JPMorgan is marking down collateral held by private credit firms and reducing their borrowing capacity — a preemptive move driven by market valuations, not actual loan losses. The markdowns target software company loans, where AI advances have sparked fears of disintermediation, triggering a private credit downcycle and abnormally high redemptions at firms like […]

Read More
Stocks making the biggest moves premarket: Oracle, AeroVironment, Nike and more
Finance

Stocks making the biggest moves premarket: Oracle, AeroVironment, Nike and more

Check out the companies making headlines before the bell. Oracle — Oracle shares jumped more than 9% after the cloud infrastructure company gave strong fiscal third quarter results and lifted its revenue guidance for fiscal 2027. Management lifted its fiscal 2027 revenue outlook up $1 billion to $90 billion. Analysts polled by LSEG sought $86.6 […]

Read More