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The Barclays net profit has grown to £ 1 billion in the fourth quarter, as it has marked one year since CS Venkatakrishna CEO presented its three -year plan to renovate the British bank.
The profit defeated the expectations of analysts in the amount of £ 989 million, and were in the same period last year when Barclays recorded a net loss of £ 111m. The group revenue increased by 24 percent to £ 7 billion, compared to the expected analysts of £ 6.7 billion.
Last February, Barclays He has singled out a plan to secure the growth and return of a shareholder of 10 billion pounds, focusing on the UK market and a limiting amount of capital consumed by his investment bank.
The department, however, secured the benefits of Barclays’ earnings because they used to benefit from a fixed income dealers from the market volatility in the US before the election.
Stock trading revenues increased by 40 percent to £ 604 million in a year, while a fixed income revenue increased by 29 percent to £ 934 million.
Barclays also reported on an increase in investment banking fees of 22 percent. Business with debt debt market has published a muffled effect and the revenue has increased by 9 percent, which the bank attributed less to participation in the issuance of investment classes.
However, Barclays also highlighted 90m. Wednesday is expected to reserve a A provision of £ 165 million in its semi -annual results for the same purpose.
Barclays shares have fallen 4.7 percent at an early trading in London.
“Generally, a solid set of results, but a little new that could be excited,” wrote Citibank Andrew Coombs. “This, plus a strong starting of shares in the last year, can alleviate any initial reaction.”
