Barclays posts profit beat for the third quarter on strong bond trading revenue

LONDON — Barclays connected Wednesday reported an unexpected emergence successful third-quarter net connected the backmost of beardown trading revenues, contempt a continued resistance from a costly U.S. trading error.

The British lender posted a nett net attributable to shareholders of £1.512 cardinal ($1.73 billion), supra statement expert expectations of £1.152 cardinal and marking an summation from a restated £1.374 cardinal for the aforesaid play past year.

"We delivered different 4th of beardown returns, and achieved income maturation successful each of our 3 businesses, with a 17% summation successful Group income to £6.4 billion," Barclays CEO C.S. Venkatakrishnan said successful a statement.

"Our show successful FICC (fixed income, currencies and commodities trading) was peculiarly beardown and we continued to physique momentum successful our user businesses successful the U.K. and U.S."

• Common equity tier 1 superior (CET1) ratio was 13.8%, compared to 15.4% astatine the extremity of the 3rd 4th of 2021 and 13.6% successful the erstwhile quarter.
• Group income deed £6 billion, up from £5.5 cardinal for the aforesaid play past year.
• Return connected tangible equity (RoTE) was 12.5%, compared to 11.4% successful the 3rd 4th of 2021.

Barclays shares volition statesman Wednesday's trading league down astir 20% connected the year.