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Barclays Result Q3 2018



Barclays reported stronger than expected gains despite difficult market conditions and continued Brexit concerns on Wednesday.

ratio stood at 13.2 percent at the end of the third quarter.

"Despite macroeconomic uncertainty and, in particular, concerns over Brexit, which weighs heavily on market sentiment, 2018 will be a year of implementation of our strategy at Barclays," said Jes bar Stesell.

"We continue to focus on delivering improved returns and distributing a greater share of excess capital to shareholders over time," Staley said.

Barclay's pre-tax profit for the quarter totaled £ 1.46 billion, compared to £ 1.11 billion for the same period a year earlier.

As of September 30, the British bank is common The core capital, an important measure of balance sheet strength, stood at 13.2 percent. This was in line with expectations, the bank said, and supported the previously announced plan to pay a dividend of 6.5 pence per share in 2018.

Barclays & # 39; Staley also said Wednesday that the transatlantic consumer and lender will reduce its annual funding costs by £ 165 million a year. He told the bank to do so by inviting $ 2.65 billion of preferred stock.


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