Today news
About the same in other media
Barclays profit gets boost from deal-making, following Wall Street's lead
Reading now: 264
cnbc.comIn this article
Barclays reported better-than-expected third-quarter profits on Thursday, following its Wall Street rivals in receiving a significant boost from its investment banking division.
The British bank reported attributable profit of £1.45 billion for the third quarter. Analysts had expected a net income of £931.25 million, according to Refinitiv data, and the figure marks a significant increase from the £611 million reported in the same period last year.
«While the CIB [Corporate and Investment Bank] performance continues to be an area of strength for the Group, we are also seeing evidence of a consumer recovery and the early signs of a more favourable rate environment,» CEO Jes Staley said in a statement.
Barclays' corporate and
Read more on cnbc.comAbout this in other media
Ex-Wall Street execs lead new Bitcoin mining firm as US hash rate soars cointelegraph.com /2 years ago
Fed is in denial about 'persistent' inflation, Wall Street forecaster Jim Bianco warns cnbc.com /2 years ago
Barclays has financed $5.6bn in new fossil fuel projects since January theguardian.com /3 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
