Barclays Surprises Analysts with Strong Q2 Profit Despite NII Dip 💼

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.