Barclays Worth $11 Despite Headwinds Presented By Brexit Over Coming Years

Since the beginning of the year, Barclays has seen its shares lose more than 35% of their value, primarily as investors dumped shares of the U.K.-based banking giant in light of the negative impact Brexit will have on the bank’s profitability over coming years. The bank’s share price was already on a decline before the Brexit vote, as investors chose to stay away from the European banking sector in general given lukewarm economic indicators for the region, and a strengthening U.S. dollar onl...