Barclays (NYSE:BCS) Bolsa

Barclays

Barclays is a universal bank headquartered in the United Kingdom. It operates via five principal segments; UK (retail), UK corporate bank, private bank and wealth management, investment bank, and us consumer bank. In its UK segment, the bank provides current accounts, mortgages, savings and investment management services, credit cards, and business banking services to retail clients and small and medium-size enterprises. The international segment includes a corporate bank offering banking solutions to large corporates, a bulge-bracket global investment bank, and a credit card and payments business.

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BANCORP SOUTHERN INDIANA by Bancorp Southern Indiana

Bancorp Southern Indiana

Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:
Barclays BCS: This major global banking and financial services company with more than 325 years of expertise in banking, and operating through an international network in nearly 40 countries and regions in Europe, the U.S., Africa and Asia, the company provides a wide range of financial services to individuals, corporations and institutions, has seen the Zacks Consensus Estimate for its current year earnings increasing 29% over the last 60 days.
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<h3>Barclays PLC Price and Consensus</h3>
<a href="https://www.zacks.com/stock/chart/BCS/price-consensus-chart?icid=chart-BCS-price-consensus-chart"><img alt="Barclays PLC Price and Consensus" src="https://staticx-tuner.zacks.com/images/charts/a2/1740650708.png" style="height:283px; width:610px" title="" /> </a>
<a href="https://www.zacks.com/stock/chart/BCS/price-consensus-chart?icid=chart-BCS-price-consensus-chart">Barclays PLC price-consensus-chart</a> | <a href="https://www.zacks.com/stock/quote/BCS?icid=chart-BCS-price-consensus-chart">Barclays PLC Quote</a>
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CareDx CDNA: This commercial stage company which develops, markets, and delivers a diagnostic surveillance solution for heart transplant recipients, has seen the Zacks Consensus Estimate for its current year earnings increasing 9.3% over the last 60 days.
<div class="chart_embed">
<h3>CareDx, Inc. Price and Consensus</h3>
<a href="https://www.zacks.com/stock/chart/CDNA/price-consensus-chart?icid=chart-CDNA-price-consensus-chart"><img alt="CareDx, Inc. Price and Consensus" src="https://staticx-tuner.zacks.com/images/charts/a2/1740650708.png" style="height:282px; width:610px" title="" /> </a>
<a href="https://www.zacks.com/stock/chart/CDNA/price-consensus-chart?icid=chart-CDNA-price-consensus-chart">CareDx, Inc. price-consensus-chart</a> | <a href="https://www.zacks.com/stock/quote/CDNA?icid=chart-CDNA-price-consensus-chart">CareDx, Inc. Quote</a>
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The Progressive PGR: This company which is one of the major auto insurers in the country, has seen the Zacks Consensus Estimate for its current year earnings increasing 5.8% over the last 60 day.
<div class="chart_embed">
<h3>The Progressive Corporation Price and Consensus</h3>
<a href="https://www.zacks.com/stock/chart/PGR/price-consensus-chart?icid=chart-PGR-price-consensus-chart"><img alt="The Progressive Corporation Price and Consensus" src="https://staticx-tuner.zacks.com/images/charts/df/1740650710.png" style="height:278px; width:610px" title="" /> </a>
<a href="https://www.zacks.com/stock/chart/PGR/price-consensus-chart?icid=chart-PGR-price-consensus-chart">The Progressive Corporation price-consensus-chart</a> | <a href="https://www.zacks.com/stock/quote/PGR?icid=chart-PGR-price-consensus-chart">The Progressive Corporation Quote</a>
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EZCORP EZPW: This company which is engaged in establishing, acquiring, and operating pawnshops which function as convenient sources of consumer credit and as value-oriented specialty retailers of primarily previously owned merchandise, has seen the Zacks Consensus Estimate for its current year earnings increasing 3.2% over the last 60 days.
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<h3>EZCORP, Inc. Price and Consensus</h3>
<a href="https://www.zacks.com/stock/chart/EZPW/price-consensus-chart?icid=chart-EZPW-price-consensus-chart"><img alt="EZCORP, Inc. Price and Consensus" src="https://staticx-tuner.zacks.com/images/charts/b7/1740650711.png" style="height:283px; width:610px" title="" /> </a>
<a href="https://www.zacks.com/stock/chart/EZPW/price-consensus-chart?icid=chart-EZPW-price-consensus-chart">EZCORP, Inc. price-consensus-chart</a> | <a href="https://www.zacks.com/stock/quote/EZPW?icid=chart-EZPW-price-consensus-chart">EZCORP, Inc. Quote</a>
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EverQuote EVER: This company which operates an online marketplace for consumers shopping for auto, home and renters and life insurance, has seen the Zacks Consensus Estimate for its current year earnings increasing 1.3% over the last 60 days.
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<h3>EverQuote, Inc. Price and Consensus</h3>
<a href="https://www.zacks.com/stock/chart/EVER/price-consensus-chart?icid=chart-EVER-price-consensus-chart"><img alt="EverQuote, Inc. Price and Consensus" src="https://staticx-tuner.zacks.com/images/charts/ce/1740650716.png" style="height:282px; width:610px" title="" /> </a>
<a href="https://www.zacks.com/stock/chart/EVER/price-consensus-chart?icid=chart-EVER-price-consensus-chart">EverQuote, Inc. price-consensus-chart</a> | <a href="https://www.zacks.com/stock/quote/EVER?icid=chart-EVER-price-consensus-chart">EverQuote, Inc. Quote</a>
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You can see&nbsp;<a href="https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&amp;ICID=zpi%20_1link">the complete list of today&#39;s Zacks #1 Rank (Strong Buy) stocks here</a>.
&nbsp;
<h2>5 Stocks Set to Double</h2>
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2024. While not all picks can be winners, previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
<a href="https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/4e87?add=1726&amp;adid=SYND_BENZ_ZU_5S2DREPORT_ZACKS1RANKADDITIONS_02272025_2420915&amp;cid=CS-BENZ-FT-zacks_1_rank_additions-2420915" style="font-weight:bold">Today, See These 5 Potential Home Runs &gt;&gt;</a>
&nbsp;
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. <a href="https://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&amp;ADID=SYND_BENZ_7BEST_ZACKS1RANKADDITIONS_2420915&amp;cid=CS-BENZ-FT-zacks_1_rank_additions-2420915" target="_blank">Click to get this free report</a>

&nbsp; 
<a href="https://www.zacks.com/registration/pfp?ALERT=ZER_LINK&amp;t=BCS&amp;ADID=SYND_BENZ_TCK_ZACKS1RANKADDITIONS_2420915_BCS&amp;cid=CS-BENZ-FT-zacks_1_rank_additions-2420915">Barclays PLC (NYSE: </a><a class="ticker" href="https://www.benzinga.com/stock/bcs#NYSE">BCS</a>): Free Stock Analysis Report 
&nbsp; 
<a href="https://www.zacks.com/registration/pfp?ALERT=ZER_LINK&amp;t=PGR&amp;ADID=SYND_BENZ_TCK_ZACKS1RANKADDITIONS_2420915_PGR&amp;cid=CS-BENZ-FT-zacks_1_rank_additions-2420915">The Progressive Corporation (NYSE: </a><a class="ticker" href="https://www.benzinga.com/stock/pgr#NYSE">PGR</a>): Free Stock Analysis Report 
&nbsp; 
<a href="https://www.zacks.com/registration/pfp?ALERT=ZER_LINK&amp;t=EZPW&amp;ADID=SYND_BENZ_TCK_ZACKS1RANKADDITIONS_2420915_EZPW&amp;cid=CS-BENZ-FT-zacks_1_rank_additions-2420915">EZCORP, Inc. (NASDAQ: </a><a class="ticker" href="https://www.benzinga.com/stock/ezpw#NASDAQ">EZPW</a>): Free Stock Analysis Report 
&nbsp; 
<a href="https://www.zacks.com/registration/pfp?ALERT=ZER_LINK&amp;t=EVER&amp;ADID=SYND_BENZ_TCK_ZACKS1RANKADDITIONS_2420915_EVER&amp;cid=CS-BENZ-FT-zacks_1_rank_additions-2420915">EverQuote, Inc. (NYSE: </a><a class="ticker" href="https://www.benzinga.com/stock/ever#NYSE">EVER</a>): Free Stock Analysis Report 
&nbsp; 
<a href="https://www.zacks.com/registration/pfp?ALERT=ZER_LINK&amp;t=CDNA&amp;ADID=SYND_BENZ_TCK_ZACKS1RANKADDITIONS_2420915_CDNA&amp;cid=CS-BENZ-FT-zacks_1_rank_additions-2420915">CareDx, Inc. (NASDAQ: </a><a class="ticker" href="https://www.benzinga.com/stock/cdna#NASDAQ">CDNA</a>): Free Stock Analysis Report
<a href="https://www.zacks.com/commentary/2420915/new-strong-buy-stocks-for-february-27th?cid=CS-BENZ-FT-zacks_1_rank_additions-2420915">This article originally published on Zacks Investment Research (zacks.com).</a>
<a href="https://www.zacks.com/">Zacks Investment Research</a>

Equities

Fintech news covering the emerging Financial Technology services sector

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New Strong Buy Stocks For February 27th

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Barclays shares are trading lower following a Q4 EPS miss.

Earnings

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Hannon Armstrong Sustainable Infrastructure Capital

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Earnings Scheduled For February 13, 2025

News

Barclays Delivered A RoTE Of 7.5% In Q4 2024 And 10.5% In FY24

Guidance

Barclays 2025 Outlook: Sees Barclays Group NII Excluding Barclays Investment Bank And Head Office Of £12.2B; Expects RoTE Of 11% In 2025

Earnings Misses

Barclays Q4 2024 GAAP EPS $0.34 Misses $0.35 Estimate, Sales $8.927B Up From $6.950B YoY

Personal Finance

General

Barclays US Consumer Bank Renews Co-Branded Credit Card Program With Wyndham Hotels & Resorts

Banks have successfully sold $5.5 billion in loans tied to X Corp., the social media platform owned by Elon Musk, amid <a href="https://www.benzinga.com/general/social-media/25/01/43373012/elon-musk-bringing-advertisers-back-to-x-amazon-boosts-spending-apple-considers-return">surging investor demand</a>. 
What Happened: The sale, which was initially planned at $3 billion, was expanded due to heightened interest, with investors including Pimco and Citadel purchasing the loans at 97 cents on the dollar, people familiar with the matter <a href="https://www.wsj.com/finance/banks-sell-5-5-billion-of-x-loans-after-investor-interest-surges-4b84f89c?st=GYpPqP&amp;reflink=desktopwebshare_permalink">told</a> The Wall Street Journal. 
The floating-rate debts carry an interest rate of approximately 11%—a premium even compared to some of Wall Street's riskiest loans.
The transaction underscores the renewed investor enthusiasm surrounding X Corp. following Musk's growing influence in Washington and the return of key advertisers, such as Amazon.com Inc. The platform faced significant turmoil after Musk's $44 billion acquisition in 2022, as advertisers pulled back due to concerns over content moderation. While X is still grappling with financial challenges, recent signs of stability have drawn fresh interest from investors.
At a recent investor meeting led by Morgan Stanley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>) bankers and X CEO Linda Yaccarino, financial documents revealed that Musk's artificial intelligence startup, xAI, has injected hundreds of millions of dollars into X. The two entities share executives and business ties, and X now holds a 10% stake in xAI, valued at approximately $5 billion, according to the WSJ report.
See Also: <a href="https://www.benzinga.com/news/earnings/25/02/43513408/arm-holdings-stock-slides-on-q3-earnings-revenue-beat-eps-beat-revised-guidance-and-more">Arm Holdings Stock Slides On Q3 Earnings: Revenue Beat, EPS Beat, Revised Guidance And More</a>
Why It Matters: The loan sale is a significant win for the banks, including Morgan Stanley, Bank of America Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>), and Barclays (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BCS#NYSE">BCS</a>), which originally extended financing for Musk's 2022 buyout. The sluggish performance of X and high interest rates had forced them to hold onto the debt far longer than expected.
Despite the successful sale, the banks still retain around $6 billion in X-related debt, some of which is considered riskier. X remains under financial pressure, with annual interest payments exceeding $1 billion. 
With major advertisers like Amazon ramping up spending and Apple Inc. reportedly considering reintroducing ads. 
Read Next: 
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<li><a href="https://www.benzinga.com/news/earnings/25/02/43511849/strategy-q4-earnings-bitcoin-treasury-company-spends-205b-on-btc-shares-inch-higher-despite-revenue-miss">Strategy Q4 Earnings: Bitcoin Treasury Company Spends $20.5B On BTC, Shares Inch Higher Despite Revenue Miss</a></li>
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Image Via Shutterstock 
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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Shares of companies within the banking and financial sector are trading lower amid overall market weakness as investors react to developments regarding advancements in Chinese artificial intelligence. Additionally, investors could be assessing the economic impact of potential tariffs and trade uncertainty.

The past week has been a whirlwind for&nbsp;Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), with stories ranging from personal anecdotes by CEO Tim Cook to potential shifts in the company&#8217;s credit card partnerships. Here&#8217;s a quick recap of the top five stories that made headlines.
Apple Watch to the Rescue
In a podcast interview, Apple CEO Cook revealed how the Apple Watch saved his father&#8217;s life. The device&#8217;s fall detection feature alerted emergency services when Cook&#8217;s father fell at home, leading to a timely intervention. Despite the positive outcome, Cook&#8217;s father was reportedly more upset about the door that had to be broken down by the emergency services.
<a href="https://www.benzinga.com/tech/25/01/43072685/tim-cook-reveals-apple-watch-saved-his-fathers-life-by-alerting-emergency-services-but-his-father-more-upset-because-of-this">Read the full article here.</a>
Apple&#8217;s Credit Card Partner Shuffle
Apple is reportedly in talks with&nbsp;Barclays Plc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BCS#NYSE">BCS</a>)&nbsp;and Synchrony Financial to replace Goldman Sachs as its credit card partner. The discussions have been ongoing for several months, but a final deal may still take time.
<a href="https://www.benzinga.com/media/25/01/43019382/apple-eyes-barclays-and-synchrony-to-replace-goldman-sachs-as-credit-card-partner-report">Read the full article here.</a>
Apple&#8217;s Declining Market Share in China
Apple&#8217;s market share in China is reportedly on the decline, according to supply chain analyst Ming-Chi Kuo. The decrease in iPhone shipments and the cautious approach to 2025 iPhone production plans are cited as reasons for this decline.
<a href="https://www.benzinga.com/tech/25/01/42931758/apple-staring-at-market-share-decline-in-china-amid-declining-iphone-shipments-top-analyst-flags-why-some-models-could-be-face-shipping-momentum-challenges">Read the full article here.</a>
Zuckerberg&#8217;s Criticism of Apple&#8217;s Innovation
Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>)&nbsp;CEO Mark Zuckerberg criticized Apple for its lack of innovation and restrictive policies. He suggested that Apple&#8217;s potential downfall could be imminent if it doesn&#8217;t adapt to the rapidly changing industry.
<a href="https://www.benzinga.com/25/01/42931722/steve-jobs-invented-the-iphone-and-now-theyre-justsitting-on-it-mark-zuckerberg-hints-at-apples-potential-downfall-amid-iphone-makers-random-rules">Read the full article here.</a>
Apple&#8217;s Stock Upside
A new analysis by Bank of America suggests that Apple&#8217;s manufacturing costs for its latest iPhone lineup could bolster the company&#8217;s margins. The study reveals significant cost reductions in Pro models and highlights the company&#8217;s strategic pricing approach across its product range.
<a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/43021026/apple-stock-has-moved-up-4-2-since-iphone-16-launched-analyst-says-it-has-another-8-upside-as-manufacturing-cost-decline-bolsters-cupertinos-margins">Read the full article here.</a>
Read Next:
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<li><a href="https://www.benzinga.com/25/01/43073132/cathie-wood-is-betting-big-on-this-ai-darling-and-no-its-not-nvidia">Cathie Wood&#8217;s Ark Invest Is Betting Big On This AI Darling And No It&#8217;s Not Nvidia</a></li>
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Photo courtesy: Unsplash
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/Rounak-Jain" target="_blank" rel="noreferrer noopener">Rounak Jain</a>

Apple Watch Saves Another Life, Credit Card Partnerships, And iPhone Market Share Woes: This Week In Appleverse

Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) is reportedly exploring new partnerships to take over from Goldman Sachs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>) as its <a href="https://www.benzinga.com/government/24/10/41501333/apple-goldman-sachs-fined-89-million-over-apple-card-missteps-government-watchdog-orders-victim-comp">credit card partner</a>.
What Happened: The discussions with Barclays (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BCS#NYSE">BCS</a>) have been ongoing for several months, but a deal may still take time to finalize, reported Reuters.
Apple has also engaged Synchrony Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYF#NYSE">SYF</a>) in discussions regarding the card partnership.
Apple, Barclays, and Synchrony did not immediately respond to <a href="https://pro.benzinga.com/dashboard">Benzinga's</a> request for comments.
See Also: <a href="https://www.benzinga.com/25/01/42993561/is-openais-chatgpt-about-to-make-amazons-alexa-apples-siri-and-google-assistant-a-thing-of-the-past" target="_blank" rel="noreferrer noopener">Siri, Alexa And Google Assistant May Become A Thing Of The Past Thanks To ChatGPT Tasks — Here's How To Use The New Feature</a>
JPMorgan Chase (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) has also been in <a href="https://www.benzinga.com/news/24/09/40907844/jpmorgan-in-talks-to-take-over-apple-credit-card-what-investors-need-to-know">talks with Apple since last year</a>.
Why It Matters: This discussion comes as Goldman Sachs, which launched the credit card with Apple in 2019, has decided to <a href="https://www.benzinga.com/news/23/10/35262321/goldman-sachs-wants-to-opt-out-of-consumer-lending-including-apple-card-general-motors-card">step back from its consumer finance</a> ambitions.&nbsp;
Goldman&#8217;s current credit card agreement with Apple is set to last until 2030, but it might conclude earlier.
Internal challenges and financial difficulties have prompted the bank to reevaluate its position in the consumer finance sector.
This strategic shift aligns with Goldman&#8217;s decision to transfer its General Motors credit card business to Barclays.
Several financial institutions are interested in partnering with Apple. However, some view the original deal terms as risky and unprofitable, the report noted.
Price Action: Apple&#8217;s shares rose 1.97% on Wednesday, closing at $237.87. In after-hours trading, they climbed an additional 0.31% to reach $238.60, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
Read Next:
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<li><a href="https://www.benzinga.com/news/25/01/42900737/stephen-king-slams-elon-musks-h-1b-visa-stance-musk-thinks-smart-immigrants-can-stay-the-rest-of-you-washing-dishes-get-lost" target="_blank" rel="noreferrer noopener">Stephen King Slams Elon Musk's H-1B Visa Stance: ‘Musk Thinks Smart Immigrants Can Stay – The Rest of You Washing Dishes … Get Lost'</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

Media

Apple Eyes Barclays And Synchrony To Replace Goldman Sachs As Credit Card Partner: Report

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Shares of banks and financial services stocks are trading higher. The sector has gained amid the 2024 US presidential election results.

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Shares of banking and private equity stocks are trading higher after Donald Trump won the US presidential election.

Barclays shares are trading higher after the company reported a year-over-year increase in Q3 sales results.

Barclays Delivered A RoTE Of 12.3% In Q3 2024 And 11.5% In Q3 YTD

Group Financial Targets and Outlook: 2024
&bull; Returns: targeting RoTE of greater than 10% and c.10.5% excluding inorganic activity1 &ndash; The cumulative impact of all inorganic activity on FY24 Group RoTE is currently expected to be broadly neutral, as an estimated net gain upon the completion of the Tesco Bank acquisition in Q424 should broadly offset the losses on disposals from our Italian retail mortgage portfolios as well as from the disposal of the German consumer finance business
&bull; Income: targeting Barclays Group NII excluding IB and Head Office of greater than &pound;11.0bn (previous target of c.&pound;11.0bn), of which Barclays UK NII is now c.&pound;6.5bn(up from previous target of c.&pound;6.3bn)3
&bull; Costs: targeting Group cost: income ratio of c.63%, which includes c.&pound;1bn of gross efficiency savings in 2024
&bull; Impairment: expect an LLR of 50-60bps through the cycle
&bull; Capital: expect to operate within the CET1 ratio target range of 13-14%

Barclays 2024 Outlook: Sees Barclays Group NII Excluding Barclays Investment Bank And Head Office Of £11B; Expects RoTE Of Greater Than 10% In 2024 And 10.5% Excluding Inorganic Activity

Barclays (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BCS#NYSE">BCS</a>) reported quarterly earnings of $0.56 per share which missed the analyst consensus estimate of $0.71 by 21.13 percent. The company reported $8.513 billion in sales this quarter. This is a 7.45 percent increase over sales of $7.922 billion the same period last year.

Barclays Q3 2024 GAAP EPS $0.56 Misses $0.71 Estimate, Sales $8.513B Up From $7.922B YoY

<a href="https://news.sky.com/story/barclays-in-talks-with-brookfield-about-deal-for-uk-payments-division-13238702" title="https://news.sky.com/story/barclays-in-talks-with-brookfield-about-deal-for-uk-payments-division-13238702">https://news.sky.com/story/barclays-in-talks-with-brookfield-about-deal-for-uk-payments-division-13238702</a>

Asset Sales

Barclays In Talks With Brookfield About Acquiring A Majority Stake In Barclays' Merchant Acquiring Arm

General Motors Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) penned a long-term deal with Barclays PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BCS#NYSE">BCS</a>). Starting next summer, Barclays will become the exclusive issuer of the GM Rewards Mastercard and the GM Business Mastercard in <a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/b41309661/general-motors-and-barclays-sign-long-term-credit-card-partnership-agreement" rel="noreferrer noopener">the U.S.</a>
The new partnership with Barclays will offer exclusive benefits and experiences for cardholders.
With the GM Rewards card, members can earn and redeem points on Chevrolet, Cadillac, Buick, and GMC vehicles, including EVs, as well as for services and accessories.
Current My GM Rewards cardmembers can continue using their cards to earn rewards for GM products and services.
Before the transition, they will receive details on activating their new GM card from Barclays.
The new partnership with GM will expand Barclays&#8217; U.S. credit card portfolio, aligning with its growth strategy focused on partnering with top American brands.
Barclays also plans to acquire the GM card program&#8217;s receivables from the current issuer next year as part of the agreement.
The GM credit card program will remain exclusively under the Mastercard brand, offering additional cardmember benefits.
Last week, GM Energy launched an energy storage product called the <a target="_blank" href="https://www.benzinga.com/news/24/10/41286158/gm-unit-launches-home-battery-powerbank-to-rival-teslas-powerwall" rel="noreferrer noopener">PowerBank to </a><a target="_blank" href="https://www.benzinga.com/news/24/10/41286158/gm-unit-launches-home-battery-powerbank-to-rival-teslas-powerwall" rel="noreferrer noopener">Tesla</a><a target="_blank" href="https://www.benzinga.com/news/24/10/41286158/gm-unit-launches-home-battery-powerbank-to-rival-teslas-powerwall" rel="noreferrer noopener">&#8216;s Powerwall product.</a>
Investors can gain exposure to the stock via First Trust Nasdaq Transportation ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTXR#NASDAQ">FTXR</a>) and Invesco S&amp;P 500 Pure Value ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RPV#NYSE">RPV</a>).
Price Action: GM shares are up 0.41% at $48.07 premarket at the last check Monday.
Photo by Jonathan Weiss on Shutterstock
Read Next:
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<li><a href="https://www.benzinga.com/markets/equities/24/10/41303249/tesla-stock-dives-after-we-robot-event-lucids-q3-deliveries-beat-gm-reworks-battery-strategy-and" target="_blank" rel="noreferrer noopener">Tesla Stock Dives After &#8216;We, Robot&#8217; Event, Lucid&#8217;s Q3 Deliveries Beat, GM Reworks Battery Strategy And More: Biggest EV Stories Of The Week</a></li>
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