Barclays Q3 Profit Rises 12%, Announces £500m Buyback
Barclays said steady investment banking income and stable costs helped lift pretax profit to £2.3 billion, while equities revenue rose 47% and fixed income fell 19%.
- On Thursday, October 22, 2026, Barclays reported a 12% rise in third-quarter pretax profit to £2.3 billion, prompting the British lender to announce a £500m share buyback program.
- Equities revenue soared 47% compared to last year, while the bank achieved £200 million in cost efficiency savings during the quarter, driving the strong performance.
- Fixed income trading income slid 19% during the quarter, a decline the bank noted was worse than the 5% drop observed among its Wall Street peers.
- Group Chief Executive CS Venkatakrishnan, known as Venkat, stated the bank remains on track to achieve its 2026 targets as it approaches the end of a three-year performance strategy.
- Finance Minister John Healey's first budget on October 28 may overshadow these results, as British banks face potential headwinds regarding the possibility of further industry taxes.
19 Articles
19 Articles
Barclays Q3 profit rises 12% YoY, lender announces £500 million share buyback
Barclays reports a 12% rise in third-quarter pretax profit to £2.3 billion, broadly meeting expectations, and announces a £500 million share buyback. Strong equities trading and stable costs offset weaker fixed-income revenue, as investors assess the outlook for UK bank taxation.
Evening Standard
Barclays reveals profit growth of 12% after £200 million cost savings
In the third quarter, the bank said it made around £200 million worth of cost savings.
Barclays Q3 profit rises 12%, announces £500 million buyback
Barclays profit misses after investment bank comes up short
Barclays missed profit expectations in the third-quarter after its investment bank lagged behind forecasts despite a boost on the trading desks. The FTSE 100 bank reported a £2.3bn pre-tax profit for the three months to end September, narrowly missing internal consensus of a £2.4bn haul, though up 12 per cent year-on-year. It came as total [...]
Barclays: Q3 Earnings Snapshot – WTOP News
LONDON (AP) — LONDON (AP) — Barclays PLC (BCS) on Thursday reported third-quarter profit of $2.21 billion. The bank, based in London, said it had earnings of 66 cents per share. The financial holding company posted revenue of $9.9 billion in the period. Its revenue net of interest expense was $9.9 billion. Barclays shares have...
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