The British lender posted a quarterly attributable profit of £2.1 billion , up from £90 million for the second quarter of 2020.
Barclays also announced increased capital distributions to shareholders, with a half-year dividend of 2 pence per share and a further share buyback of up to £500 million. Barclays and HSBC buildings are seen amid the outbreak of the coronavirus disease , in London, Britain October 20, 2020.beat second-quarter profit expectations on Wednesday and boosted returns to shareholders, with its investment banking and equities businesses posting record incomes.
The British lender posted a quarterly attributable profit of £2.1 billion , up from £90 million for the second quarter of 2020. Analysts had expected net reported income of £1.7 billion for the three months until the end of June, according to Refinitiv data.Barclays also announced increased capital distributions to shareholders, with a half-year dividend of 2 pence per share and a further share buyback of up to £500 million.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
nice
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Barclays Overtakes Credit Suisse in Investment BankingThe U.K. bank’s climb up the ranks is a sign that its long, frustrated push to be a major player is making progress thanks in part to the troubles of its Swiss rival. It certainly has been a long push: here's Euromoney's recent analysis of how that has gone so far... You really want to invest in a bank that helped bankroll Trump's ventures? I understand he doesn't pay his loans.
Source: WSJ - 🏆 98. / 63 Read more »
U.S., European Investment Banks May Have Lost Some $12 Billion As Chinese Education Firms CrashedAmong the biggest losers in China’s attempt to regulate its after-school tutoring industry are investment banking giants like Goldman Sachs and Morgan Stanley, which owned sizable stakes in the targeted Chinese firms.
Source: Forbes - 🏆 394. / 53 Read more »
Toymaker Hasbro revenue beats as TV, film business reboundsHasbro beat quarterly revenue estimates on Monday as its film and television production business returned to growth after being largely shut down last year. I managed to get my students start up capital of $900 and traded it and I got $2400 within 70 hours of trading in a week. Trade today and stand a chance of winning big I always make profit from the market irrespective of that. Send an inbox to +1(386) 259-0446 Let's activate Maybe now they can afford to bring back the 'Classic Edition' of Monopoly. It is sold as such by Amazon, Walmart, etc., but what you get is the '1980s Edition.' Just told in a Hasbro live chat that I shld try eBay. Fingers crossed Hasbro amazon walmart nomorebaitandswitch
Source: CNBC - 🏆 12. / 72 Read more »