Published 9 days ago

Barclays swings back to profit in first quarter amid strategic overhaul

Barclays reported a 12% decline in first-quarter profit due to UK mortgage pricing pressures, lower trading income, and reduced M&A fees.
The bank plans to cut an additional £2 billion in costs in the future.
Barclays returned to profit in the first quarter with £1.55 billion net income, exceeding expectations amidst a strategic overhaul.

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Reuters

Barclays Q1 profit falls 12% as mortgage competition, deals drought hit

Barclays reported a 12% fall in first quarter profit on Thursday, as a squeeze on UK mortgage pricing, lower income from trading and a drought of M&A fees showed the difficulties it will face in delivering its first strategic revamp in a decade.

10 days ago·United Kingdom

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CNBC

Barclays swings back to profit in first quarter amid strategic overhaul

Barclays on Thursday reported first-quarter net income of £1.55 billion ($1.93 billion), beating expectations and returning the British lender to profit amid a major strategic overhaul.

10 days ago·United States

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RTÉ

Barclays Q1 profit falls 12% as mortgage competition hits

Barclays has today reported a 12% fall in first quarter profit, as a squeeze on UK mortgage pricing, lower income from trading and a drought of M&A fees showed the difficulties it will face in delivering its first strategic revamp in a decade.

10 days ago·Ireland

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Evening Standard

Barclays profit falls as mortgage lending and investment bank squeezed

The bank reported a group pre-tax profit of £2.3 billion for the first three months of the year, down 12% from last year.

10 days ago·London, United Kingdom

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Sky News UK

Barclays profits down 12% amid sluggish mortgage demand

The high street banking giant reported a group pre-tax profit of £2.3bn for the first three months of 2024, down from £2.6bn the year before.

9 days ago·United Kingdom

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Bloomberg

Barclays Stock Trading Revenue Beats Estimates, Buoying Results

Barclays Plc posted first-quarter revenue that topped analyst estimates after its stock traders collected a surprise windfall from tumultuous global markets.

10 days ago·United States

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