Barclays PLC (BCS) Presents at European Financials Conference 2026 Transcript

SA Transcripts159.04K FollowersFollow5ShareSaveCommentsPlay Earnings CallPlay Earnings Call Barclays PLC (BCS) European Financials Conference 2026 March 18, 2026 5:00 AM EDT Company Participants Coimbatore Venkatakrishnan - Group CEO & Executive Director Conference Call Participants Alvaro de Tejada - Morgan Stanley, Research DivisionAditya Bhagat Presentation Alvaro de TejadaMorgan Stanley, Research Division Thanks, everyone, for coming to this session with Barclays. Thanks, Venkat, for joining us one more year. Venkat, CEO of Barclays, as you all know. As usual, before kicking off the session, we will ask the polling question. What would drive relative outperformance of Barclays shares in 2026? Number one, U.K. business is growing loans over 5% CAGR. Number two, its markets business successfully navigating current volatility; number three, cost income on course to reach the low 50s in 2028, cost of risk remaining between 50 and 60 basis points. And number five, capital distribution seem to beat the over GBP 15 billion target '26, 2028. [Voting] Alvaro de TejadaMorgan Stanley, Research Division Capital distribution over GBP 15 billion. I must admit I thought #4, which had obviously embedded private credit in there [indiscernible]. We'll touch on the different themes in any case. Question-and-Answer Session Alvaro de TejadaMorgan Stanley, Research Division You presented your new 3-year plan last month. You're aiming to -- for over 14% RoTE with quite conservative actually market assumptions and a lot of it is under your control on costs and efficient capital allocation. Since then, of course, there's a lot of volatility in the market. Geopolitics, AI has come up. How are you thinking about the environment now and how you're seeing the business navigating it? Coimbatore VenkatakrishnanGroup CEO & Executive Director Yes. So first of all, thank you very much, Alvaro, for having me. I really enjoy being here at your conference and great credit to you for the crowd you always managed