Barclays PLC (NYSE:BCS)

$ 13.4006 -0.0494 (-0.37%) Market Cap: 48.42 Bil Enterprise Value: -94.08 Bil PE Ratio: 9.12 PB Ratio: 0.54 GF Score: 68/100

Full Year 2019 Barclays PLC Fixed Income Analysts and Investors Earnings Call Transcript

Feb 13, 2020 / 03:00PM GMT

Release Date Price: $9.15 (-0.65%)

Transcript

Operator

Welcome to the Barclays Full Year 2019 Results Fixed Income Conference call. I will now hand you over to Tushar Morzaria, Group Finance Director.

Tushar Morzaria

Barclays PLC - Group Finance Director & Executive Director

Good afternoon, everyone, and welcome to the Fixed Income Investor Call for our Full Year 2019 results. I'm joined today by Kathryn McLeland, our Group Treasurer; and Miray Muminoglu, our Head of Term Funding.

Let me start with Slide 3 and make a few brief comments on our 2019 performance and our targets before handing over to Kathryn.

Reported a profit before tax of GBP 6.2 billion that delivered an RoTE of 9%, in line with our target for the year, and the third consecutive year of RoTE progression. On capital, Kathryn will shortly go into detail on our CET1 position of 13.8% and our comfort with our target level of around 13.5%. As mentioned this morning, we still believe that above 10% is an appropriate RoTE target for Barclays over time, but achievement of this in 2020 has become more difficult. We are, nevertheless,

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