Barclays PLC Sponsored ADR Aktie News

Barclays PLC (LSE:BARC) is reportedly a front-runner to buy the General Motors credit card business from Goldman Sachs. Talks have begun and are expected to result in a sale by the summer, according to the Wall Street Journal, with the cards linked to around $2 billion in outstanding balances.

Goldman Sachs Group Inc. is in talks with Barclays about transferring its General Motors credit-card business as it continues its move away from the consumer lending business, The Wall Street Journal reported Tuesday.

Goldman Sachs is reportedly closer to exiting its General Motors credit card business. The banking giant is in discussions with Barclays to transfer the issuance of the cards, the latest in its long-term project to move away from consumer lending, the Wall Street Journal (WSJ) reported Tuesday (April 30).

Wall Street is keeping a close eye on analyst reviews and price targets for stocks during this earnings season. Therefore, recent Barclays price targets on a trio of companies signal a bullish stance.

Goldman Sachs is in talks to transfer its General Motors credit-card program to Barclays , the Wall Street Journal reported on Monday, citing people familiar with the matter.

The deal including roughly $2 billion of card balances could be struck by summer.

AT&T Inc.'s recent choices are starting to pay off, and the stock now has five “real catalysts” to send it higher, according to an analyst.

RBC Capital has tweaked higher its price target for shares in Barclays PLC (LSE:BARC) in the wake of last week's quarterly figures. It has moved its valuation up by 5p share to 260p, which is a 27% premium to the current stock price of 206p.