Barclays third-quarter profit pips forecasts on US credit cards business

LONDON -Barclays said its profit for the third quarter dipped slightly from a year ago, nonetheless beating expectations as strong performance in its primarily U.S.-based credit cards business offset sliding revenue in its investment bank.

The bank held off on any unscheduled returning of excess capital to shareholders, following a 750 million pound buyback in July that helped take the sting out of disappointing half-year results. Barclays reported a 6% drop in income at its investment bank for the quarter, following a similarly downbeat performance at the half-year results update in July.

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Barclays narrowly beats profit forecasts on strong consumer, credit card businessBarclays on Tuesday reported a net profit of £1.27 billion ($1.56 billion) for the third quarter, slightly ahead of expectations as strong results in its…
Fonte: NBCDFW - 🏆 288. / 63 Consulte Mais informação »

Barclays narrowly beats profit forecasts on strong consumer, credit card businessBarclays on Tuesday reported a net profit of £1.27 billion ($1.56 billion) for the third quarter, slightly ahead of expectations as strong results in its…
Fonte: NBCLA - 🏆 319. / 59 Consulte Mais informação »