This P/E Suggests Barclays PLC (ADR) (BCS) Is a Buy

Although this remains below the FTSE 100 average of 3%, there is scope for substantial long-term growth. In 2012, Barclays set aside 1.6 billion pounds for PPI compensation payments, and in the first quarter of 2013, the bank incurred 514 million pounds of costs as part of its Transform restructuring program.

These costs reduce the amount of spare cash Barclays can return to shareholders, but this situation won’t last forever. I think Barclays is a buy.

The article This P/E Suggests Barclays Is a Buy originally appeared on Fool.com and is written by Roland Head.

Roland does not own shares in any of the companies mentioned in this article.

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