MARKET TALK: Matrix Initiates Coverage Of Barclays At Sell
26th Jul 2010 15:29
1429 GMT [Dow Jones] Matrix initiates coverage of Barclays (BARC.LN) at sell with 310p price target. Says the share price has recovered strongly since the nadir of the credit crisis and is now considered one of the sector's consensual favorites. However, Matrix believes Barclays faces a number of st
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
26th Jul 2010 15:29
Stocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 1429 GMT [Dow Jones] Matrix initiates coverage of Barclays (BARC.LN) at sell with 310p price target. Says the share price
Read moreLondon afternoon: Pick-up at Penguin boosts Pearson
26th Jul 2010 14:37
Leading shares remain mixed ahead of the deluge of big company announcements later in the week that includes oil giants BP, Shell and BG. Tullow Oil may be smaller than the aforementioned triumvirate but its shares are outperforming all of them and the rest of the Footsie constituents today after i
Read moreFinra Looks At CDOs At Morgan Stanley, Barclays, Credit Suisse-Bloomberg
26th Jul 2010 13:34
DOW JONES NEWSWIRES The Financial Industry Regulatory Authority has sought information on the synthetic collateralized debt obligations created by Morgan Stanley (MS), Barclays PLC (BCS) and Credit Suisse Group (GS), with a focus on potential conflicts of interest, sales practices and how the
Read moreLondon midday: Updates fail to move Footsie
26th Jul 2010 12:13
Footsie is still seeking direction despite a stream of company news updates that have moved share prices Banks Lloyds, Royal Bank of Scotland and Barclays are all strongly ahead after they sailed through the tests last week. BP is ahead after the oil giant confirmed it will t will hold a board me
Read moreAT A GLANCE: A Roundup Of Analyst Opinion On EU Stress Tests
26th Jul 2010 11:44
THE EVENT: The European Union's Committee of European Banking Supervisors, or CEBS, on Friday released results showing E.U. banks largely passed a round of government stress tests, with just a few institutions found to need further capital as a buffer against further economic and sovereign risks.
Read moreMARKET TALK: Morgan Stanley Backs French, Swiss Bks, Barclays
26th Jul 2010 09:23
0823 GMT [Dow Jones] Morgan Stanley backs BNP Paribas (BNP.FR), Societe Generale (GLE.FR), Credit Suisse (CS), Barclays (BCS), UBS (UBS), and Julius Baer (BAER.VX) following stress tests. Large-cap banks in Europe have been pivoting around expectations from Spain, and the periphery should benefit fr
Read moreLondon open: Solid start to week
26th Jul 2010 08:49
Relief at the relatively benign results of the European banking system stress test has encouraged buyers into the market. Lloyds, Royal Bank of Scotland and Barclays are all strongly ahead after they sailed through the tests last week. Tony Hayward, the embattled BP chief executive, will collect
Read moreMARKET TALK: UK Banks Up; Stress Tests Provide Comfort -Shore
26th Jul 2010 08:16
0716 GMT [Dow Jones] All UK banks included in the EU-wide bank stress tests--Barclays (BCS), HSBC (HBC), Royal Bank of Scotland (RBS.LN), Lloyds Banking Group (LYG)--passed, as expected, says Shore Capital, with tier 1 ratios comfortably above 6% under the adverse scenario. Takes comfort, in isolat
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
26th Jul 2010 08:16
Stocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0716 GMT [Dow Jones] All UK banks included in the EU-wide bank stress tests--Barclays (BCS), HSBC (HBC), Royal Bank of Sc
Read moreMARKET TALK: UK Banks Open Up After Passing EU Stress Tests
26th Jul 2010 08:11
0711 GMT [Dow Jones] UK banks all passed the EU-wide stress tests Friday. However, "the static balance sheet limitations along with the absence of important factors such as regulatory changes make the results less meaningful, especially for UK banks that will see significant restructuring," says JPM
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
26th Jul 2010 08:11
Stocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0711 GMT [Dow Jones] UK banks all passed the EU-wide stress tests Friday. However, "the static balance sheet limitations a
Read moreMARKET TALK: European Banks Unlikely To Jump For Joy -BarCap
26th Jul 2010 07:54
0654 GMT [Dow Jones] Barclays Capital does not see European bank stocks bouncing back following largely benign stress test results, in the way that their US rivals did following similar test results. "The US stress test proved the catalyst for massive equity recapitalisations, coincided with an econ
Read moreMARKET TALK: Bernstein Not Keen To Join Any Rally In Bk Stocks
26th Jul 2010 07:49
0649 GMT [Dow Jones]--Bernstein Research says it is not keen to join what may be a stress test induced rally in European banks following the EU's stress tests, and criticizes the testing methods. "The stress test was a reasonable test of banking resilience to a 'double-dip' recession but failed to
Read moreMARKET TALK: Nomura Highlights Europe Stress Test Methodology
26th Jul 2010 07:42
0642 GMT [Dow Jones] European stress tests' methodology give rise to questions, says Nomura Research. For example, the estimate of two-year profitability appears to be based on '09 earnings, with a "haircut which flatters investment banks--especially those with disposal gains--such as Barclays (BCS)
Read more