Could strong earnings boost Barclays share price over key resistance?
Fiona Cincotta April 29, 2021 7:17 PM
Barclays is due to report Friday 30th April. The bank reports as it's share price struggles to move above resistance at 190p.
Barclays is due to report Q1 results on Friday 30th April, before the market open.
Barclays is the last of the big 4 UK banks to report. Its peers, HSBC, Lloyds and NatWest have reported strong numbers and Barclays is expected to follow suit.
A strong investment banking division is expected to offset any weakness is the consumer business although fewer defaults are expected. The release of bad loan provisions could see profits surge.
Where next for Barclays share price?
Barclays share price has struggled at strong resistance at 190p over the past few months. Could strong earnings be a catalyst to send the share price through this level back toward pre-pandemic levels?
Learn more about trading equities
This report is intended for general circulation only. It should not be construed as a recommendation, or an offer (or solicitation of an offer) to buy or sell any financial products. The information provided does not take into account your specific investment objectives, financial situation or particular needs. Before you act on any recommendation that may be contained in this report, independent advice ought to be sought from a financial adviser regarding the suitability of the investment product, taking into account your specific investment objectives, financial situation or particular needs.
StoneX Financial Pte. Ltd., may distribute reports produced by its respective foreign entities or affiliates within the StoneX group of companies or third parties pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations. Where the report is distributed to a person in Singapore who is not an accredited investor, expert investor or an institutional investor (as defined in the Securities Futures Act), StoneX Financial Pte. Ltd. accepts legal responsibility to such persons for the contents of the report only to the extent required by law. Singapore recipients should contact StoneX Financial Pte. Ltd. at 6826 9988 for matters arising from, or in connection with the report.
In the case of all other recipients of this report, to the extent permitted by applicable laws and regulations neither StoneX Financial Pte. Ltd. nor its associated companies will be responsible or liable for any loss or damage incurred arising out of, or in connection with, any use of the information contained in this report and all such liability is hereby expressly disclaimed. No representation or warranty is made, express or implied, that the content of this report is complete or accurate.
StoneX Financial Pte. Ltd. is not under any obligation to update this report.
Trading CFDs and FX on margin carries a high level of risk that may not be suitable for some investors. Consider your investment objectives, level of experience, financial resources, risk appetite and other relevant circumstances carefully. The possibility exists that you could lose some or all of your investments, including your initial deposits. If in doubt, please seek independent expert advice. Visit cityindex.com.sg for the complete Risk Disclosure Statement.