Barclays: profits up 23% in Q3
(CercleFinance.com) - Barclays has announced net banking income of £6.
5bn for Q3, up 5% y-o-y.
Pre-tax profit rose by 18% to £2.23bn. Attributable profit came to £1.56bn, up 23% y-o-y, for EPS of 10.7 pence (vs. 8.3 pence a year ago).
We remain focused on the disciplined execution of our three-year plan and are encouraged by the progress made to date. While there is still work to be done, the group is on track to achieve its target of over 12% RoTE by 2026, management commented.
Barclays recorded a Q3 2024 RoTE of 12.3%, supporting its target of over 10% in 2024.
In addition, the acquisition of Tesco Bank, which will be completed on 1 November 2024, is part of Barclays' commitment to investing in the UK.
We continue to exercise cost discipline and remain well capitalized with a quarter-end Common Equity Tier 1 (CET1) ratio of 13.8%, it concluded.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
5bn for Q3, up 5% y-o-y.
Pre-tax profit rose by 18% to £2.23bn. Attributable profit came to £1.56bn, up 23% y-o-y, for EPS of 10.7 pence (vs. 8.3 pence a year ago).
We remain focused on the disciplined execution of our three-year plan and are encouraged by the progress made to date. While there is still work to be done, the group is on track to achieve its target of over 12% RoTE by 2026, management commented.
Barclays recorded a Q3 2024 RoTE of 12.3%, supporting its target of over 10% in 2024.
In addition, the acquisition of Tesco Bank, which will be completed on 1 November 2024, is part of Barclays' commitment to investing in the UK.
We continue to exercise cost discipline and remain well capitalized with a quarter-end Common Equity Tier 1 (CET1) ratio of 13.8%, it concluded.
Copyright (c) 2024 CercleFinance.com. All rights reserved.