Barclays 3Q Pretax Profit, Total Income Rose Ahead of Market Views
26 Outubro 2022 - 3:44AM
Dow Jones News
By Joe Hoppe
Barclays PLC said Wednesday that its third-quarter pretax profit
and total income rose ahead of market views, and that it achieved
income growth in all three of its businesses.
The FTSE 100 bank posted a pretax profit of 1.97 billion pounds
($2.26 billion) compared with a restated GBP1.86 billion for the
same period a year earlier. It was expected to be GBP1.81 billion,
according to the lender's compiled consensus.
Net profit for the quarter reached GBP1.51 billion, up from
GBP1.37 billion for the year-earlier period. It was expected to
reach GBP1.20 billion, according to the bank's compiled consensus.
Net interest margin--a closely watched metric--was 2.78%, up from
2.53% a year before.
Total income rose to GBP5.95 billion from GBP5.47 billion. It
was anticipated to be GBP5.91 billion, taken from the bank's
compiled consensus.
The bank ended the period with a common equity Tier 1 ratio--a
key measure of balance-sheet strength--of 13.8%, in line with
expectations.
Barclays said its diversified income streams position it well
for the current economic and market environment, including rising
interest rates.
Write to Joe Hoppe at joseph.hoppe@wsj.com
(END) Dow Jones Newswires
October 26, 2022 02:29 ET (06:29 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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