1038 GMT - Shares in Barclays extend their gains to levels last touched in more than 17 years. The stock, which has steadily risen since the start of the year tracking the European bank rally, opened 1.9% higher at 441.45 pence. Shares last crossed that threshold in April 2008. "The stock has largely completed its catch-up phase after lagging the sector in the early stages of interest-rate normalization, partly due to its prolonged correlation with US equity markets," AlphaValue analyst David Grinsztajn says in a note. The stock's investment case is more resilient and predictable than it has been in previous years but it has moderate upside potential from its current levels, he adds. Barclays is up nearly 64% year to date. (elena.vardon@wsj.com)
(END) Dow Jones Newswires
December 04, 2025 05:38 ET (10:38 GMT)
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