Barclays profit rises by almost a 5th

Barclays profit rises by almost a fifth as investment bank delivers
Barclays' reported a forecast-beating 18% rise in third-quarter profit on Thursday, and said slower than expected interest rate cuts and improving investment banking prospects would support revenues as it raised its income outlook for the year.
Barclays profit jumps 23% in third quarter, beating expectations
British bank Barclays on Thursday reported £1.6 billion ($2 billion) net profit attributable to shareholders for the third quarter, beating expectations.The result compared with the £1.17 billion net profit forecast in an LSEG poll of analysts and was 23% higher than the same period in 2023.
For Barclays, Less Is More in the Investment Bank
With Barclays boss C.S. “Venkat” Venkatakrishnan less than a year into his plan to revive the U.K. bank and its stock price, the signs are promising. Shares jumped Thursday, on course for their highes
Barclays boosts profit, ups income outlook as investment bank delivers
BARCLAYS reported a forecast-beating 18 per cent rise in third-quarter profit on Thursday (Oct 24), as slower than expected interest rate cuts and upbeat investment banking prospects helped it raise its income outlook for the year.
Barclays reports 18% profit rise as it lifts income guidance
Barclays said its third-quarter pretax profit rose 18% to £2.23 billion as it boosted its 2024 income target. Analysts polled by Visible Alpha expected a pretax profit of £1.96 billion. It now expects net interest income, excluding the investment bank ...
Barclays Tweaks Revenue Guidance After Profit Beat
Barclays raised its forecast for net interest income forecast for the year after third-quarter results beat eastmates, boosted by a rebound in investment banking activity.
Barclays profits rise on UK, investment banking gains
British bank Barclays on Thursday said its net profit jumped almost a quarter in the third quarter, helped by improved performance at its core UK and investment divisions alongside cost-cutting.
Barclays reveals higher-than-expected earnings for the third quarter,
Barclays has revealed its earnings jumped by nearly a fifth in recent months, as the investment banking unit cashed in on an increase in dealmaking amid continued cost-cutting. The bank reported a pre-tax profit of £2.
Barclays CEO: We are well protected against interest rate changes in the near term
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Barclays Stung by £85 Million in Losses on Leverage Finance Book
Barclays Plc said it recorded £85 million in losses tied to its leveraged finance portfolio in the third quarter after it ...
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Barclays Third Quarter Profit Beats Forecasts With 18% Rise as Investment Bank Delivers
LONDON (Reuters) -Barclays' third quarter profit rose 18%, it said on Thursday, as its investment bank cashed in on a jump ...
Barclays alert as debit card declined twice - bank says this ‘definitely’ shouldn’t happen
A Barclays customer was left frustrated as their debit card was declined twice and they couldn't work out why. They contacted ...
Barclays and Deutsche Bank Need to Chase More Equity Deals
Barclays Plc and Deutsche Bank AG have both benefited from interest rates staying higher than expected this year, supporting ...
Barclays Hit by $110 Million Junk-Loan Loss
A big charge against lower-rated loans that pay for buyouts. The U.K. bank recorded "fair value losses" of £85 million, or about $110 million, in the third quarte ...
Barclays Q3 Results Climb; Lifts FY24 Group NII Outlook, Backs FY26 Income View
British banking major Barclays Plc (BARC.L, BCS) reported Thursday that its third-quarter profit before tax climbed 18 percent to ...
Barclays Traders, Dealmakers Help Pre-Tax Profit Top Estimates
Barclays Plc profit was buoyed by an increase in trading revenue in the third quarter as it benefited from the uptick in ...