Barclays third quarter profit beats forecasts with 18% rise as investment bank delivers
LONDON (Reuters) – Barclays’ third quarter profit rose 18%, it said on Thursday, as its investment bank cashed in on a jump in corporate dealmaking and trading during the period, echoing Wall Street rivals.
The British lender reported pretax profit for the July-September period of 2.2 billion pounds ($2.85 billion), up from 1.9 billion a year ago and better than the average of analysts’ forecasts of 1.968 billion pounds.
($1 = 0.7733 pounds)
