LSE:BARCBanks
Barclays (LSE:BARC) Stock May Be 50% Below Fair Value Following Profit Surge
Barclays has delivered a very large 3 year gain while its latest valuation checks suggest the stock still screens cheap on several measures. This sets up a clear question around how much of the recent good news is already reflected in the price.
Barclays has returned about 272.1% over the last 3 years, which puts recent short term pullbacks in a very strong longer term context.
Stronger recent profitability from its investment bank and ongoing investment in loan market technology can support...