Chris Ratcliffe | Bloomberg | Getty Images
British bank Barclays On Thursday, he recorded an increase in year -round profit before taxation, which came only in front of the expectation of analysts, and at the same time launched a purchase of a billion pound (1.25 billion USD).
The subscription profit increased by 24% to £ 8.108 billion in 2024, just above the forecast of analysts in the amount of £ 8.081 billion, LSEG states.
The net profit, which can also be attributed to shareholders, also picked up 24% at £ 5.316 billion in 2024, but fell from £ 5,449 billion that analysts expect. The profit in the fourth quarter was £ 965 million, below the chance of analysts in the amount of £ 994 million for that period.
The total income of the lender in three months by the end of December picked up up to £ 6.96 billion, opposite £ 5.6 billion in the fourth quarter of 2023, with basic investment and retail units recorded 28% and 46% increased to 2 , £ 6, or £ 2.62 billion.
Since last year, Barclays has been conducting a strategic overhaul to reduce the costs of two billion pounds by 2026, the shareholder raises and stabilizes financial yields, pouring his focus on profitable consumer business and refusing – and leading to recess Retail banking business of British Tomb Tesco’s.
Yet Barclays‘ Traditionally a strong banking unit could now benefit from the more open stake in the domestic space, since the HSBC announced last month that it is Preparing to go out Its M&A and capital capital on the market of the company in Europe, the UK and the US in the midst of a larger restructuring of its investment banking affairs.
The bank also recovered from wiping A three -day interruption of technology This disrupted payments and transactions late last month, which has been resolved since.
In a broader sense, the lenders fought a lethargy in the British economy and withdrawal of IPO activities on the London Stock Exchange. Bank of England Last week he made his first prices of the year and signaled further lining 2025 due to a decrease in the economic forecast of the UK – with monetary relief, usually eating to profit from the bank, because it is a pesting spread between refund in loans and their payments on deposits. British and European banks are also trying to keep up with colleagues in the United States, which could benefit from additional competitive leads if the newly opened US President Donald Trump captures easier access to local regulation.
In parallel, the Minister of Finance in the UK Rachel Reeves provides British authority for financial behavior according to promoting competitiveness in tandem with consumer protection, and the markets have observed a government strategy for the growth and competitiveness of financial services that would come in the spring.
This news of news is updated.
