- Barclays 1Q Investment Bank revenue was GBP3.33 billion, meeting estimates.
- Corporate lending income was lower than expected at GBP42 million, versus estimated GBP73.3 million.
- Transaction banking income also fell short of estimates at GBP382 million, compared to a forecast of GBP397.5 million.
- Total income exceeded estimates at GBP6.95 billion, versus the anticipated GBP6.84 billion.
- Barclays UK revenue outperformed estimates with GBP1.83 billion, compared to GBP1.78 billion expected.
- The UK Personal Banking revenue was GBP1.13 billion, above the GBP1.08 billion estimate.
- UK Barclaycard Consumer revenue was underperforming with GBP229 million, falling short of the GBP243.7 million estimate.
- UK Business Banking revenue exceeded estimates at GBP469 million, compared to a forecast of GBP459 million.
- UK Corporate Bank revenue came in at GBP434 million, surpassing the GBP416.6 million estimate.
- Private Bank and Wealth Management revenue was at GBP312 million, slightly beating the GBP310.6 million estimate.
- US Consumer Bank revenue slightly surpassed the estimate at GBP859 million, versus GBP856.5 million expected.
- Net interest income matched estimates at GBP3.07 billion.
- Pretax profit was higher than expected at GBP2.28 billion, compared to an estimate of GBP2.13 billion.
- Attributable profit was also higher than expected, hitting GBP1.55 billion against an estimated GBP1.47 billion.
- Common equity Tier 1 ratio was at 13.5%, slightly under the 13.6% estimate.
- Total deposits reached GBP552.3 billion, surpassing the estimated GBP537.49 billion.
- Risk-weighted assets were reported at GBP349.6 billion, above the estimated GBP349.43 billion.
A look at Barclays PLC Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 4 | |
| Growth | 5 | |
| Resilience | 5 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 4.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Barclays PLC, a global financial services provider, has received positive Smart Scores across the board. With a top rating in Value, Growth, Resilience, and Momentum, and a strong score in Dividend, Barclays is positioned well for the long term. The company’s focus on providing value to shareholders, strong growth prospects, resilience in challenging market conditions, and positive momentum in its operations all bode well for its future performance.
Barclays PLC‘s well-rounded Smart Scores underline its strength and potential in the financial services sector. As a company offering a wide range of services such as retail banking, credit cards, investment banking, and wealth management, Barclays is supported by robust fundamentals across various key factors. Investors eyeing the long-term outlook for Barclays can take confidence in its high scores in value, growth, resilience, dividend, and momentum, indicating a promising trajectory ahead for the company.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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