Barclays Surprises Analysts with Strong Q2 Profit Despite NII Dip 💼
Barclays posted a solid second-quarter profit, surpassing analyst expectations, even as net interest income declined in its UK operations. Learn more about the key financial highlights and outlook.
Benzinga
6.8K views • Aug 1, 2024
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Barclays reported a net profit for the second quarter, slightly down from last year due to a drop in net interest income in its UK units. This profit exceeded analyst expectations. Revenue surpassed forecasts, and the bank announced a share buyback program. Net interest income at the consumer bank fell, while the investment bank saw an income increase. Barclays raised its full-year net interest income target and highlighted a major restructuring to boost efficiency and profits.
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Aug 1, 2024
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