LSE:BARCBanks
Barclays (LSE:BARC) Revises Fed View, Is The Stock Still 12% Below Fair Value?
Barclays (LSE:BARC) drew investor attention after revising its US interest rate outlook. The bank now expects Federal Reserve hikes in September and December following Chair Kevin Warsh’s hawkish Jackson Hole speech and rising market implied probabilities.
Barclays shares now trade at £4.97, and the stock has paired a 5.6% 90 day share price return with a very strong 3 year total shareholder return of 261.8%. This suggests that recent interest rate commentary and senior hires are contributing...