- Barclays’ Investment Bank revenue in the third quarter was GBP2.85 billion, aligning perfectly with estimates.
- FICC revenue exceeded expectations at GBP1.18 billion, against the estimate of GBP1.13 billion.
- Equities revenue was GBP692 million, slightly above the expected GBP688 million.
- Investment banking fees reached GBP594 million, surpassing the estimate of GBP552.3 million.
- Transaction banking income was GBP406 million, over the estimate of GBP388.5 million.
- Total income came in at GBP6.55 billion, above the projected GBP6.43 billion.
- UK Personal Banking revenue was GBP1.18 billion, exceeding the forecasted GBP1.15 billion.
- UK Barclaycard Consumer revenue achieved GBP249 million, higher than the estimate of GBP242.3 million.
- UK Business Banking revenue was GBP513 million, compared to the estimate of GBP485.4 million.
- Barclays UK revenue reached GBP1.95 billion, slightly above the estimate of GBP1.9 billion.
- UK Corporate Bank revenue was slightly under estimate at GBP445 million, against an expected GBP447.4 million.
- Private Bank and Wealth Management revenue stood at GBP326 million, just below the estimate of GBP327.4 million.
- US Consumer Bank revenue was GBP791 million, lower than the projected GBP831.5 million.
- Net interest income greatly surpassed expectations, reaching GBP3.31 billion versus the estimate of GBP3.11 billion.
- Pretax profit saw a notable increase to GBP2.23 billion, beating the estimate of GBP1.96 billion.
- Attributable profit significantly outperformed, coming in at GBP1.56 billion compared to GBP1.22 billion forecasted.
- Return on tangible equity was strong at +12.3%, versus an expected +9.64%.
- The Cost to Income Ratio was 61%, lower than the estimated 62.6%.
- Total deposits amounted to GBP542.8 billion, under the estimate of GBP558.21 billion.
- Total operating expenses were GBP3.96 billion, slightly below the estimate of GBP4 billion.
“`
A look at Barclays PLC Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 4 | |
| Growth | 5 | |
| Resilience | 5 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 4.6 |
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 offering a range of services including retail banking, credit cards, and investment management, has received positive scores across the board based on Smartkarma’s Smart Scores system. With a top score of 5 in Value, Barclays is seen as a strong performer in terms of its valuation metrics, indicating potential for long-term growth. Additionally, its high scores in Growth and Resilience highlight the company’s ability to expand and withstand economic challenges, adding to its attractiveness for investors.
Furthermore, Barclays’ above-average score in Dividend suggests that the company offers a competitive dividend yield, appealing to income-oriented investors. Although the Momentum score is slightly lower at 4, indicating moderate short-term price movement, the overall outlook for Barclays PLC appears promising for investors seeking a reliable and potentially rewarding long-term investment option in the financial sector.
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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