- Despite recent run up in the share price, BCS is still too cheap to ignore.
- In my view, consensus earnings forecasts for 2021 are off the mark.
- Management delivered a clear message about share buybacks.
- The investment bank has been gaining market share and the consumer divisions are levered to the reopening of the U.S. and UK economies.
- I am still bullish on BCS and see potential upside of up to 50 percent over the next 12 months, with further upside if interest rates perk up.
For further details see:
Barclays: Consensus Forecasts Appear Inaccurate Whilst Buybacks Are Ramping Up