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Barclays narrowly beats profit forecasts on strong consumer, credit card business

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Barclays 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…

on Tuesday reported a net profit of £1.27 billion for the third quarter, slightly ahead of expectations as strong results in its consumer and credit card businesses compensated for weakening investment bank revenues.

Analysts polled by Reuters had produced a consensus forecast of £1.18 billion, down from £1.33 billion in the second quarter.This is a breaking news story and will be updated shortly.

 

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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…
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