Barclays profit up 17% on equities boom, but shares fall as costs set to rise
The lender beat analysts’ forecasts as equities trading and deal fees lifted income, while it lifted its buyback to £1 billion and dividends to £800 million.
- On Tuesday, Barclays reported a 17% first-half profit rise to £6.1 billion, beating analyst forecasts of £5.9 billion. The London-based bank attributed growth to bumper equities trading revenues and deal fees.
- Equities revenues jumped 45% in the quarter, helping the investment bank deliver £8 billion in total income. This performance followed Wall Street peers in capitalizing on heightened market volatility.
- Barclays' UK bank income rose 8% to £4.5 billion, while the group announced a £1 billion share buyback. However, credit impairment charges for bad loans increased to £1.4 billion.
- Banks received a boost on Friday when Reuters reported Prime Minister Andy Burnham is likely to preserve the previous administration's pro-growth approach to financial services. Lenders had feared potential sector tax hikes.
- Barclays upgraded its 2026 income guidance to £31.5 billion, signaling confidence in meeting performance goals. Shares in the bank have climbed close to 50% in the past year.
25 Articles
25 Articles
Barclays first half profit beats forecasts at £6.1 billion
Barclays’ first half profits rose by a better than expected 17 per cent as it reaped bumper equities trading revenues from volatile markets, although its shares dropped on Tuesday in a sign of high investor expectations for British banks. Profit before tax for the January to June period of £6.1 billion ($8.11 billion) was just […]
Barclays raised its goals to two important metrics after a strong second quarter, driven by its global market unit and commissions in the investment bank area. Exclusive material for subscribers. To have full access, access the link of the subject and register.
The Economic Times
Times of IndiaGlobal Market: Barclays posts robust H1 results, raises guidance on investment banking momentum
Barclays has reported an impressive seventeen percent increase in profits for the first half of the year, exceeding analyst predictions and enhancing the bank's optimism. In addition, they announced a significant one billion pound share buyback scheme and updated their full-year income forecast to thirty-one point five billion pounds. The bank remains committed to achieving its strategic goals set for twenty twenty-six.
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