Barclays Q3 beats expectations on strong investment bank performance
LONDON, Oct 21 (Reuters) - Barclays reported better than expected third quarter earnings on Thursday, as it followed Wall Street rivals in reaping bumper investment banking fees from a surge in trading and advisory mandates.
The British bank reported profit before tax of 2 billion pounds ($2.76 billion) for the July-September period, better than the 1.6 billion pounds average of analysts' forecasts and double the 1.1 billion pounds it made in the same period a year ago. ($1 = 0.7242 pounds) (Reporting By Lawrence White, Iain Withers and Muvija M, Editing by Rachel Armstrong)
