On the surface, Barclays (LSE: BARC) looks like an ugly business with declining profits, low returns on equity, and headwinds from regulation. However, at its heart is a powerful collection of high-return franchises that are shrouded by the poor performance of its loss-making non-core assets.
Owain Bennallack owns shares of Barclays. The Motley Fool UK has recommended Barclays. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors.