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Barclays profit gets boost from deal-making, following Wall Street's lead
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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
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