Barclays latest news: profit jumps 28% in Q2 — share buyback supports investor sentiment

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Barclays slips 0.16% today

Highlights

Barclays PLC (BARC) trades at $406.35, decisively above its MA-20, MA-50, and MA-200, confirming strong multi-timeframe bullish momentum.
Q2 2025 profit rose 28% and income climbed 14% year-over-year to £7.2 billion, driven by £500 million cost savings and a new £500 million share buyback.
Price is likely to remain tightly rangebound between $404.72 and $405.15 over five days, with over 80% probability of further upside unless support at $381.10 breaks.

Earnings, cost savings, and buyback boost sentiment after Q2 results

Barclays reported its Q2 2025 financials with a 28% increase in profit and a 14% rise in income year-over-year to £7.2 billion, driven by strong operational efficiency gains. The bank completed its targeted £500 million cost savings ahead of schedule and launched a £500 million share buyback program. The company’s issued share capital stands at 13,922,759,891 ordinary shares with voting rights and no shares in Treasury.

Overbought signals persist as momentum indicators reveal uptrend fragility

This configuration signals bullish momentum in the short, medium, and long term, with Ichimoku indicating dynamic support near $381.10, while the next resistance is likely near the psychological $410 round level. Daily momentum is mixed. MACD remains positive, but ADX on D1 is weak, indicating the uptrend lacks strong conviction. Overbought signals are evident on the Stoch RSI and CCI, with D1 RSI elevated at 67.93. BBP shows an overbought bias, suggesting intraday buyers have dominated despite oscillators flashing caution.

Near-term consolidation expected as bullish breakout odds increase

For the next five trading days, the anticipated range is $404.72 to $405.15. The probability of a further rise is very high (more than 80%), making the likelihood of a decline much lower. The baseline scenario is that price action stays within a tight sideways band near current levels. In a bullish scenario, a breakout above $410 could lead to a fresh upward push. If the price breaks below dynamic support at $381.10, a bearish move with deeper retracement could unfold.

Viktoras Karapetjanc, expert at Traders Union, sees Barclays' latest financials and operational execution as strong validation for its current bullish trajectory. He notes that robust profit growth, efficient cost management, and a substantial share buyback program set a fundamentally positive backdrop, complementing recent technical momentum. While short-term indicators show signs of being overbought and suggest a period of consolidation, Karapetjanc maintains a constructive outlook given the high probability of stability or further upside. "With macro and fundamental strength aligning, I see any consolidation above $381.10 as a solid platform for subsequent gains in Barclays," he says.

Previously it was noted that Barclays entered into an agreement to acquire Tesco's retail banking business as part of a long-term partnership focused on banking services. This transaction is expected to bring 2,800 Tesco employees to Barclays during the second half of 2024.

Source of Data: BARC Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.