The Barclays share price is up 50% in a year! Can it keep climbing?
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The Barclays (LSE:BARC) share price has been a stellar performer over the last 12 months. The British banking giant has seen its market-cap rise by more than 50% since June last year, outpacing several of its peers like Lloyds.
There are a variety of reasons behind this outperformance. Most notably, the firm’s more limited exposure to the ongoing automotive financing scandal regarding undisclosed commissions. But management’s savvy use of structural hedges has also helped the net interest margin expand despite the Bank of England cutting interest rates.
The impact of this is made perfectly clear in its latest first quarter results. Pre-tax profits grew 19% to £2.7bn, firmly ahead…
