ZCZC
BCN-34
BRITAIN-BANKING-EARNINGS-BARCLAYS
Barclays profit surges in third quarter
LONDON, Oct 24, 2018 (BSS/AFP) – British bank Barclays on Wednesday
reported a 72-percent surge in quarterly net profits as strong performances
by its retail and credit card divisions offset weakness at its investment
unit.
Profit after tax jumped to o1.0 billion ($1.3 billion, 1.1 billion euros)
in the three months to September compared with the third quarter of 2017,
Barclays said in a statement.
“In spite of macro-economic uncertainty, and particularly concerns over
Brexit which weigh heavily on market sentiment, 2018 is proving to be a year
of delivery… at Barclays,” said chief executive Jes Staley.
“We remain focussed on generating improved returns, and on distributing a
greater proportion of excess capital to shareholders over time,” he added.
BSS/XINHUA/HR/1300