Barclays combines a major investment bank with substantial consumer, credit-card and business-banking operations.Updated April 27, 2023 7:16 am ET
LONDON – Barclays PLC’s profit rose robustly in the first quarter, as it benefited from being able to charge higher interest rates on loans and from Americans’ growing use of credit cards. Barclays profit grew 27% in the first quarter from a year earlier to £1.78 billion, or about $2.22 billion, the British bank said Thursday. The total topped analysts’ expectations and was the highest in nearly two years. Revenue rose 11% to £7.24 billion.