Barclays posted first-quarter earnings that beat Wall Street forecasts.
The British bank stomached a £2.1 billion impairment charge to reflect the fallout from the pandemic, driving its net income down 13% to £4.2 billion . Return on average tangible shareholders' equity also slid from 9.6% to 5.1%, well below the bank's target of 10% over time.Earnings per share:"The impact of COVID-19 came late in what was until that point a good quarter," CEO Jes Staley said in the earnings release.
Pre-tax profits slumped 67% in Barclays' UK business, reflecting lower income in the Barclaycard consumer and business banking subdivisions and a £481 million impairment charge.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Pfizer beats first-quarter earnings estimates in race to develop coronavirus vaccine
Weiterlesen »
SiriusXM Revenues and Earnings Rise, Despite Plunging Auto Sales and AdvertisingSirius XM’s revenue and earnings rose more than expected in its first quarter, but the satellite-radio giant said it lost 143,000 net subscribers for the first quarter, while adding 69,000 se…
Weiterlesen »