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Barclays PLC (LSE: BARC) posted second-quarter earnings on July 27, 2023.
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Prior to the earnings, the stock was in a momentary uptrend.
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Barclays share price fell over 20% in the last six months.
The leading global financial services provider company, Barclays PLC (LSE: BARC) is about to close its ex-dividend date today i.e. August 10, 2023. The company is among those who pay dividends on the half-yearly basis. Despite the update, Barclays share price remained neutral. The recently posted earnings affected the up move and changed the course for BARC stock price.
Barclays posted the earnings for the second quarter that ended in June 2023. The earnings released in July-end seemed “modestly disappointing” to the analysts. This could be because of multiple reasons including subsequent drop in revenue and weakening of factors that kept the revenues higher.
The financial firm posted a revenue of £6.3 Billion ($7.87 Billion),
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