Barclays earnings: Q2 net profit comes in at £1.03 billion, vs. £988.87 million expected

  • 📰 CNBC
  • ⏱ Reading Time:
  • 42 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 72%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

Barclays on Thursday reported its second-quarter net profit of £1.03 billion ($1.25 billion).

The British bank is navigating weak economic growth projections in the U.K. and euro zone as ongoing uncertainty over trade and Brexit bleaken the outlook from the European Central Bank and the Bank of England, the latter of which makes its interest rate decision Thursday.

on Thursday reported its second-quarter net profit of £1.03 billion , compared to £1.2 billion in the same period a year earlier.The British bank is navigating weak economic growth projections in the U.K. and euro zone as ongoing uncertainty over trade and Brexit bleaken the outlook from the European Central Bank and the Bank of England, the latter of which makes its interest rate decision Thursday.

Barclays had warned in its first-quarter earnings that if tough market conditions persisted, it could be forced to reduce annual costs for 2019 below the previously expected £13.6 to £13.9 billion range. The bank has been faced with intensifying pressure from its shareholders in recent months, with CEO Jes Staley eager to prove that his turnaround plan for the investment bank is on track.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 12. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Societe Generale earnings: Q2 net profit comes in at 1.05 billion euros, vs. 964 million expectedSociete Generale reported a net income of 1.05 billion euros for the second-quarter of the year on Thursday.
La source: CNBC - 🏆 12. / 72 Lire la suite »

Credit Suisse earnings: Q2 net profit comes in at 937 million Swiss francs, vs. 720.3 million expectedCredit Suisse reported a net income of 937 million Swiss francs for the second-quarter of this year, beating expectations.
La source: CNBC - 🏆 12. / 72 Lire la suite »

Halfway through earnings season, it looks like we are going to dodge the feared profit recessionHalf way through the earnings season, we've seen few surprises, but the market seems increasingly dependent on interest rate cuts. Expectations are lowered Things are going well. Never Trump weeps.
La source: CNBC - 🏆 12. / 72 Lire la suite »