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Barclays on Wednesday reported an unexpected rise in third-quarter earnings on the back of strong trading revenues, despite a continued drag from a costly U.S. trading error. The British lender posted a net profit attributable to shareholders of £1.512 billion ($1.73 billion), above consensus analyst expectations of £1.152 billion and marking an increase from a restated £1.374 billion for the same period last year.
âWe delivered another quarter of strong returns, and achieved income growth in each of our three businesses, with a 17% increase in Group income to £6.4 billion,â Barclays CEO C.S. Venkatakrishnan said in a statement.
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Meta Platforms Inc. (US.META), compania mamÄ a Facebook, a cerut bÄncilor  Morgan Stanley (US.MS), JPMorgan Chase & Co. (US.JPM), Bank of America Corp. (US.BAC) Èi Barclays Plc (US.BCS) sÄ organizeze întâlniri cu investitorii pentru o potenÈialÄ vânzare de obligaÈiuni, prima din istoria companiei.
Meta este una dintre doar 18 companii din S& P 500 fÄrÄ datorii restante pe termen scurt sau lung.
Barclays a inregistrat o scadere a profitului din T2, raportand un profit net de 1.071 mld. de lire sterline (1.30 mld. USD) atribuit actionarilor, indeplinind asteptarile de 1.085 mld. de lire sterline asteptate de analisti. Cu toate acestea, a marcat o scadere de 48% y/y.
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Barclays Plc (US.BCS) said any rollback of US tariffs on Chinese goods will have only a modest impact on US inflation and the yuan. If thereâs a complete rollback of tariffs, the maximum direct effect on US inflation is a one-time reduction of 0.3 percentage point, Barclaysâ analysts including Jayati Bharadwaj wrote in a note. They cited the relatively small share of Chinese imports in the US consumption basket as a reason for the marginal change. 
For the Chinese currency, the potential improvement in US-China trade relations is also ânot a yuan supercharger,â Barclays said. If tariffs were removed on both sides, Chinaâs current account surplus would gain by about $90 billion, the analysts estimated. That would imply an appreciation in the yuan of 1.8%, although the actual impact could be smaller since any potential tariff removal would be delivered in a staggered approach or limited to a subset of Chinese products, they wrote.
 
  Barclays has agreed to buy UK specialist lender Kensington Mortgages in a £2.3bn deal, as the bank moves to improve its market share of home loans despite the threat of a recession. The UK bank will acquire Kensingtonâs £1.2bn mortgage book as part of the transaction, according to a statement on Friday. Barclays said the value of the deal was based on it being completed by December and Kensingtonâs mortgage book comprising £2bn of loans by that point. 
  The move comes amid fierce competition in UK mortgages after home purchases surged during the pandemic. With base rates now rising, banks are also set to receive a boost to their interest income. Executives have been keen to boost Barclays position in the market and provide greater balance to its business model. Mortgages have for years been comparatively small compared with its top position in credit cards, where it accounts for more than a quarter of the market.
Barclays said last month that it had sold $15.2 billion more in U.S. investment products â known as âstructured notesâ â than it was permitted to. 
The bank said Thursday that it had postponed its share buyback program indefinitely and set aside a provision of £540 million as a result of the issue. It comes as the bank reported first-quarter net profit attributable to shareholders of £1.4 billion ($1.76 billion), above analyst expectations of £644 million, according to Refinitiv data.It marks an 18% decline from the first quarter of 2021, when net profit came in at £1.7 billion.
Barclays Plc shares fell in early trading Tuesday as a shareholder sold about 900 million pounds ($1.2 billion) of stock, a day after the lender revealed a costly blunder in how it sold billions of dollars in securities. The shares for sale were priced at 150 pence, according to terms seen by Bloomberg. The London-listed stock fell 4.4% to 153.4 pence as of 8:35 a.m. Goldman Sachs Group Inc. facilitated the book building process. A representative at Barclays declined to comment.
Barclays Plc shares fell in early trading Tuesday as a shareholder sold about 900 million pounds ($1.2 billion) of stock, a day after the lender revealed a costly blunder in how it sold billions of dollars in securities. The shares for sale were priced at 150 pence, according to terms seen by Bloomberg. The London-listed stock fell 4.4% to 153.4 pence as of 8:35 a.m. Goldman Sachs Group Inc. facilitated the book building process. A representative at Barclays declined to comment.
British bank Barclays disclosed on Monday around a 450 million pound ($591.80 million) loss on mishandled structured products and said this meant it would have to delay a share buyback. 
The 450 million pounds loss figure was Barclays' "best estimate at this time", the bank said, cutting its core capital ratio down to the middle of its 13-14% target range.
Fourth-quarter net income attributable to shareholders came in at £1.12 billion, outstripping a mean forecast of £756.5 million, according to Refinitiv data. The figures marked a significant improvement from the £1.53 billion net profit reported in 2020 and £220 million in the fourth-quarter of that year, as the U.K. navigated fresh nationwide Covid-19 lockdowns.