Barclays PLC

BARC: XLON (GBR)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	GBX 419.00	Hxd	Nrftkgtm

Barclays Earnings: Lower NIM Guidance a Sore Point in Otherwise Decent Quarter

Niklas Kammer

Jul 31, 2023

No-moat Barclays reported second-quarter profit before tax of GBP 1,964 million, slightly ahead of the Barclays-collected consensus estimate of GBP 1,907 million. We maintain our GBX 208 per share fair value estimate.

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