Barclays reports 1H adjusted profit GBP 1.76B vs. GBP 2.06B last year Reports Common Equity Tier 1 ratio 9.9% vs. 9.1% last year. Core return on equity decreased to 11.0% from 15.1% last year. Barclays said, "2014 will be a transition year as we continue to make in vestments and focus on balance sheet optimisation and cost reduction."
Barclays upgraded to Buy from Neutral at Goldman Goldman Sachs upgraded Barclays (BCS) to Buy saying the bank is positioned to benefit from less stringent leverage requirements. Goldman coupled the upgrade with a downgrade of HSBC (HSBC) to Neutral.