Barclays
May 26, 2026
Americas Morning Research Summary
Market ReportEquitiesMacro Economic IndicatorsRates Govt BondsFinancialsConsumer Discretionary
This report summarizes Barclays' equity research for May 26, 2026, featuring price target changes and sector updates across banking, retail, and healthcare.
Key Takeaways
- 1.U.S. Large-Cap Banks face significant GSIB surcharge hikes (50bp) in 2027 and 2028 unless scores decline, despite record scores in 1Q26.
- 2.Consumer retail sentiment is mixed; while Ross Stores (ROST) saw exceptional 1Q26 comp growth of +17%, BJ's Wholesale faces concerns regarding merchandise margins and price investments.
- 3.European Internet sector is seeing potential M&A heat with Uber and Doordash reportedly interested in Delivery Hero (DHER).
Table of Contents
- Summary of Changes
- Company Research
- Industry Research
- Equity Strategy
- Publications Summary
- Basic Industries
- Consumer
- Energy
- Financial Services
- Healthcare
- Industrials
- Internet & Media
- Power & Utilities
- Retail
- Technology
- Analyst(s) Certification(s)
- Important Disclosures
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Authors
Jason M. Goldberg, CFAAdrienne YihBenjamin Budish, CFA
Securities
CHWYROSTDHER.DELLY
Themes
Agentic AI PaybackGSIB Regulatory Surcharges
Regions
North AmericaEuropeAsia PacificUnited StatesUnited KingdomChina