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Barclays Q3 adjusted pre-tax profit falls 26% to GBP1.39 billion

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Investing.com - " U.K. banking giant Barclays reported better-than-expected third quarter earnings on Wednesday, despite posting a 26% decline in profit.

Earlier in the day, in its third quarter earnings report, Barclays said adjusted pre-tax profit totaled GBP1.39 billion, above expectations for GBP1.25 billion, but down from GBP1.87 billion in the same period a year earlier.

The bank's nine-month adjusted pre-tax profit came in at GBP4.976 billion.

The lender also said it had received enquiries from regulatory authorities who are investigating potential manipulation of foreign exchange trading.

Immediately after the earnings announcement, Barclays shares rallied 2.9% in London.

Meanwhile, European stock markets remained higher. London's FTSE 100 gained 0.55%, the EURO STOXX 50 rose 0.5%, France's CAC 40 added 0.55%, while Germany's DAX inched up 0.4%.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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