Barclays Profits Triple to £3.2bn

Shares in Barclays were up 3.1% at £2.43 Thursday morning, among the best performers in the FTSE 100 index, but then fell back in the afternoon to finish 3% down

Derya Guzel 23 February, 2017 | 3:58PM
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Barclays has revealed its profits tripled in 2016 – up to £3.2 billion from £1.15 billion, although this was slightly below consensus forecasts. Full year income rose to £1.6 billion, versus a loss of £394 million in 2015, mainly supported by lower litigation and conduct cost.

The management team highlighted that the bank has felt no impact from Brexit headwinds so far

Shares in Barclays (BARC) were up 3.1% at £2.43 Thursday morning, among the best performers in the FTSE 100 index, but then fell back in the afternoon to finish 3% down in mid-afternoon trading.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Barclays PLC180.00 GBP0.00Rating

About Author

Derya Guzel  is an Equity Analyst for Morningstar

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