Sunday, December 22, 2024
51.9 F
Peshawar

Where Information Sparks Brilliance

HomeTop StoriesBarclays narrowly beats profit forecasts on strong consumer, credit card business

Barclays narrowly beats profit forecasts on strong consumer, credit card business


A view of the Canary Wharf financial district of London.

Prisma by Dukas | Universal Images Group | Getty Images

LONDON — Barclays on Tuesday reported a net profit of £1.27 billion ($1.56 billion) for the third quarter, slightly ahead of expectations as strong results in its consumer and credit card businesses compensated for weakening investment bank revenues.

Analysts polled by Reuters had produced a consensus forecast of £1.18 billion, down from £1.33 billion in the second quarter.

The British lender warned in July that it expected to earn less interest in its U.K division.

This is a breaking news story and will be updated shortly.



Source link

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

 

Recent Comments