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Barclays Bank (BARC) Share Price London Stock Exchange October 29

Barclays Bank (BARC) Share Price London Stock Exchange October 29

Since peaking at 228p on Monday morning, shares in Barclays Bank (BARC) have been falling steadily. On Monday they closed at 221.85p before opening on Tuesday at 223.60. They fell as low as 220.13 but closed the day just below the opening price at 223.28p.

Most brokers, including Deutsche Bank, Citigroup and Numis are recommending buying the shares while JP Morgan Cazenove has assessed them as overweight and Credit Suisse is neutral. However, investors seem to be split down the middle, Tuesday saw 49.92% of shares traded sold and 50.08% were bought.

While Barclays passed the ECBs stress tests with flying colours, the bank is still to face the much tougher Bank of England tests. This is likely to affect investor confidence as it is not known what action will be taken by regulators if the bank fails to meet leverage targets set out in the tests.

OCA News Editor

Jenny McKinnley is OCAs financial correspondent. After spending years on the trading floor in both NY and London, she offers insight from the inside out on world financial news and events.

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