By Sabela Ojea

 

Barclays PLC reported on Thursday rises in third-quarter pretax profit and total income ahead of market views.

The FTSE 100 bank posted a pretax profit of 1.96 billion pounds ($2.71 billion) compared with GBP1.15 billion for the same period a year earlier. It was expected to reach GBP1.60 million, according to the lender's compiled consensus.

Net profit for the quarter reached GBP1.45 billion from GBP611 million for the year-earlier period. It was expected to reach GBP1.06 billion, according to the bank's compiled consensus.

Total income rose to GBP5.47 billion from GBP5.20 billion. It was anticipated to be GBP5.23 billion, taken from the bank's compiled consensus.

The bank ended the period with a common equity Tier 1 ratio--a key measure of balance-sheet strength--of 15.4%. It was anticipated to be 14.9%.

 

Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix

 

(END) Dow Jones Newswires

October 21, 2021 02:30 ET (06:30 GMT)

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