London, June 26, 2026, 11:04 (BST)
- Barclays shares slid 1.48% to 513.60p as of 10:43 BST, while the FTSE 100 was off 0.62% at 10:41 BST.
- Barclays wrapped up a £500 million buyback, paying an average 454.2957p per share. That’s roughly 13.1% less than where shares finished on Friday.
- Barclays US LLC’s minimum stressed CET1 ratio came in at 12.3%, according to Fed stress-test results, after accounting for projected credit card losses of $5.7 billion.
Barclays PLC (LON:BARC) dropped more than the FTSE 100 on Friday. The bank wrapped up its latest buyback at a price well under where shares now trade, and its U.S. arm passed the Fed’s stress test with a bigger capital cushion than several major banks.
The shares slipped 1.48% to 513.60p at 10:43 BST. They opened at 514.10p, trading as low as 510.30p and as high as 520.00p. The stock was about 7.3% under its 52-week peak of 554.10p.
FTSE 100 slips as commodity shares weigh The FTSE 100 lost 0.62% to stand at 10,464.33 by 10:41 BST, according to LSEG data from Investors Chronicle, falling below Thursday’s 10,529.89 close. Reuters said commodity stocks pulled London indexes down.
Barclays gave up some of Thursday’s gains. Shares finished up 2.78% at 521.30p on June 25, ahead of the FTSE 100’s 0.65% rise that session, MarketWatch data show.
Barclays’ buyback update puts the focus on the buyback itself. The bank said it has repurchased 110,060,483 ordinary shares for cancellation since launching the program on April 29, paying a volume-weighted average price of 454.2957p per share and spending about £500 million.
At Friday’s closing price of 513.60p, the cancelled shares are valued at around £565 million. That leaves a £65 million difference from what the company spent on the buyback, but it’s not a gain since the shares are cancelled. The buyback trims the total voting shares by about 0.8% after cancellation.
Barclays picked up 4.18 million shares on June 22, paying an average 506.5955p. The next day it bought 2.24 million at 514.6517p, and then matched that 2.24 million on June 24 at 510.8636p. These late buys were close to Friday’s price. Earlier in the programme, it managed to get stock at lower prices.
Barclays’ buyback ending cuts a near-term stream of daily demand for the shares. On the other side, the bank has capital: Barclays said Thursday its projected capital ratios for Barclays US LLC stayed above the required minimums in all nine quarters of the Fed’s annual stress test.
The Fed’s tables put Barclays US LLC’s common equity tier 1 ratio at 14.8% at the end of 2025, dropping to 12.3% at the projected low, then climbing to 16.6% by the first quarter of 2028. The total capital ratio dropped to a projected minimum of 16.5%. The supplementary leverage ratio fell as low as 5.3%.
Barclays US LLC stands out for loan losses in the Fed’s tough scenario. The bank estimated $5.9 billion in losses, with $5.7 billion from credit cards, driving a 16.1% loss rate for that part of the portfolio. Despite those numbers, the Fed still forecast $3.2 billion in pre-tax net income through 2028:Q1.
Barclays’ payout plan depends on keeping capital levels high enough. CEO C.S. Venkatakrishnan said after Q1 that “consistent capital generation” backs the goal to send at least £15 billion to shareholders by 2028. LinkedIn
Barclays posted a 6% rise in first-quarter income to £8.2 billion and pre-tax profit up 3% to £2.8 billion. But credit impairments climbed, hitting £823 million after a £228 million single-name charge tied to the investment bank. Hargreaves Lansdown senior equity analyst Matt Britzman called the results “steady rather than spectacular,” adding that the easy gains in the shares are “now behind us.” Hl
