Barclays Q3 profit rises as bank sets £500 million share buyback
Photo: The Cryptonomist
Barclays’ Q3 profit rose year on year , the bank said on Thursday, October 22, as growing income and stable costs supported a £500 million ($669.85 million) share buyback . The capital return accompanies third-quarter pretax profit of £2.3 billion. Pretax earnings increased from £2.1 billion a year earlier. The £2.3 billion result matched LSEG-compiled analyst forecasts , according to CNBC, while Reuters cited an average analyst forecast of about £2.4 billion. Group income totaled £7.4 billion , below the £7.61 billion analysts had expected.
Source: The Cryptonomist
