Barclays 2Q Pretax Profit Rose Above Views, Pre-Pandemic Levels
July 28 2021 - 2:44AM
Dow Jones News
By Sabela Ojea
Barclays PLC on Wednesday reported a significant rise in pretax
profit for the second quarter, which surpassed market views and
pre-pandemic levels.
The FTSE 100 bank posted a pretax profit of 2.58 billion pounds
($3.58 billion), up from GBP359 million a year earlier. Pretax
profit for the second quarter of 2019 stood at GBP1.53 billion.
Pretax profit had been expected to reach GBP1.70 billion,
according to Barclays's compiled consensus.
The U.K. lender's total income rose to GBP5.42 billion, compared
with GBP5.34 billion a year earlier. This compares with GBP5.54
billion for the second quarter of 2019. It had been expected to
generate a total income of GBP5.31 billion for the latest
quarter.
The bank ended the period with a common equity Tier 1 ratio--a
key measure of balance-sheet strength--of 15.1%.
The board has declared a dividend of 2.0 pence a share, higher
than the expected 1.8 pence a share.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix
(END) Dow Jones Newswires
July 28, 2021 02:31 ET (06:31 GMT)
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