A United Kingdom-based financial services group engaged primarily in banking, investment banking and asset management and risk management.
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Fool UK
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Banks are cheap, and despite the drop in profits, Barclays still makes money hand over fist. There is a moral case that it owes some of these profits back to the public in return for fiscal easing and the austerity the public is going through as a result. But they won't be held to it, so I won't buy any, but I say outperform.