Barclays Posts £2.3 Billion Q3 Profit, Plans Buyback of Up to £500 Million

Barclays posted £2.3 billion in third-quarter pretax profit, up year over year, and plans a buyback of up to £500 million as part of its multiyear capital-return plan. Pretax profit was £2.1 billion in the same quarter a year earlier. The planned share repurchase is part of the bank’s capital-return plans for 2026 through 2028. Group income reached £7.4 billion. Barclays’ common equity tier 1 (CET1) capital ratio was 14.2%, compared with 14.3% at the end of the second quarter. John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.

Source: TokenPost