An indication hangs above an entrance to a department of Barclays Plc financial institution within the Metropolis of London, U.Ok.
Bloomberg | Bloomberg | Getty Pictures
LONDON — Barclays on Friday reported first-quarter internet revenue of £1.7 billion ($2.37 billion), helped by a rebound in fairness buying and selling and funding banking.
The British financial institution additionally stated credit score impairment prices had fallen “considerably” to £100 million, down from £2.1 billion within the first quarter of 2020.
Analysts had anticipated internet revenue to come back in at £1.3 billion for the primary three months of the 12 months, in response to Refinitiv. The British financial institution posted internet revenue of £220 million for the fourth quarter of 2020.
Shares of Barclays are up about 31% because the begin of the 12 months.
It is a creating information story and will likely be up to date shortly.