Is Barclays the best value bank in the UK?

A new research note from the group said Barclays is its preferred UK domestic bank, with shares trading at a 25% discount to the broader sector. It said on a three-and-a-half year time horizon, Barclays is the most attractively valued of all the UK's listed banks, with plans to restructure its investment banking arm providing a raft of opportunities to generate shareholder value. "We believe Barclays remains the best positioned of the UK domestic banks to grow and improve its implied cost of equity (CoE) through balance sheet reductions and cost cuts," J.P. Morgan Cazenove's analyst R...