Monday, 3 August 2009
Barclays; Proving everyone wrong
Now, we here at C@W have long thought that Barclays was a) run by lucky muppets who just escaped buying ABN Amro which crippled RBS b) Makes most of its money from tax dodging schemes which are highly controversial.
Well, after all the mess we have been through, we are wrong. Not about these two points, but about Barclays not being a successful business. Today has seen another set of results out from the bank and happy reading they must make for shareholders. Profits and income up, money for those precious bonuses.
Such a contrast to Lloyds and RBS, they even put pressure on the giant HSBC.
I still think the shares look a bit pricey at £3 plus, but then I thought that when they were half that price just a few months ago.