Barclays Shares Slump 5% in FTSE 100 Rout – Is It a Golden Buying Opportunity?
Barclays shares fell about 5% on October 17, leading FTSE 100 losses after two U.S. regional banks reported major loan losses. The stock dropped from roughly 379p to the mid-350s. Analysts say Barclays’ earnings remain strong, with profit before tax up 23% year-on-year. Bank of America raised its price target to 450p and reiterated a Buy rating.