Report
AJ Bell PLC
4 Exchange Quay
SALFORD, M5 3EE  United Kingdom Ticker: AJBAJB


POPULAR SHARES


BY DAILY MAIL REPORTER

BARCLAYS will become the first major UK bank to report third-quarter results on Friday, amid growing concern about the impact of the coronavirus crisis on the economy.

In July the lender revealed a 66pc drop in first-half profits, after it set aside £3.7bn to cover loans that might go bad because of the pandemic.

The bank has also been providing mortgage relief to households and record-low interest rates are putting further pressure on its finances.

But expectations from investors seem low, with shares trading at levels last seen during the financial crisis in 2009.

One bright spot of Barclays’ second-quarter results was the investment banking arm, which put in a strong performance and cushioned the Covid-19 blow. Investors will again hope for some good news from the division, which is expected to deliver profits of £634m.

But more attention will be given to how much the bank has set aside for bad loans – an indicator for how it thinks the economy is faring.

Russ Mould, at AJ Bell, said analysts predict a provision of about £1bn. ‘To accentuate the positive, that would at least be a big drop from the numbers in the first and second quarters,’ he adds.

© Daily Mail


Related Businesses
- - Customer

Copyright © 2020 by CreditRiskMonitor.com (Ticker: CRMZ®). All rights reserved.  You are not permitted to use this report or the information contained herein for any purpose not expressly permitted by CreditRiskMonitor.com, Inc. Except as expressly permitted by CreditRiskMonitor.com, Inc., you are not permitted, in whole or in part, to copy, alter, correct, adapt, translate, enhance, lease, sell, sublicense, assign, distribute, publish, otherwise make available to any third party, or prepare derivative works or improvements of this report or any of the information contained therein. You are not permitted to reverse engineer, disassemble, decompile, decode, or adapt the software, algorithms or other processes used to prepare this report, or otherwise attempt to derive or gain access to the source code of same. You agree not to remove, alter, obscure, combine or otherwise change any disclaimers, trademarks, copyrights, other intellectual property rights, proprietary rights, or other symbols, notices, marks, or serial numbers on or relating to any copy of the report or on marketing or other materials that CreditRiskMonitor.com, Inc. may provide to you. You will not use this report in any manner or for any purpose that infringes, misappropriates, or otherwise violates any right of any party, or that violates any applicable law.  
The FRISK® scores, agency ratings, credit limit recommendations and other scores, analysis and commentary are opinions of CreditRiskMonitor.com, Inc. and/or its suppliers, not statements of fact, and should be one of several factors in making credit decisions.  Any reliance you place on the information in this report is strictly at your own risk. Except as expressly provided by CreditRiskMonitor.com, Inc., no warranties or representations of any type, including without limitation of results to be obtained, merchantability or fitness for a particular purpose, are made concerning any part of CreditRiskMonitor.com, Inc.’s service, including without limitation the FRISK® scores.  The information published above has been obtained from sources CreditRiskMonitor considers to be reliable.  CreditRiskMonitor.com, Inc. and its third-party suppliers do not guarantee or validate the accuracy and completeness of the information provided in this report, the underlying information input to create the FRISK® scores, and specifically do not assume responsibility for not reporting any information omitted or withheld.  By using this website, you accept the Terms of Use Agreement
Contact Us: 845.230.3000
Fundamental financial data concerning public companies may be provided by Refinitiv (click for restrictions)
Tuesday, October 27, 2020