Barclays Posts 1Q Beat, Backs 2023 Guidance

A Barclays Plc logo in the window of their offices at Hardman Street on the Spinningfields estate in Manchester, UK, on Thursday, Dec 8, 2022. Photo: Dominic Lipinski/Bloomberg News

Barclays PLC on Thursday backed its guidance for 2023 as it reported first-quarter results ahead of expectations driven by income growth and double-digit returns.

The U.K. bank posted a pretax profit for the three months ended March 31 of 2.60 billion pounds ($3.24 billion) compared with GBP2.234 billion a year earlier. Pretax profit was expected to reach GBP2.231 billion by a company-compiled consensus.

What's News

Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Continue reading your article with
a WSJ subscription

Subscribe Now

Already a subscriber? Sign In

Sponsored Offers
  • TurboTax:
    Save up to $15 with TurboTax coupon May 2023
  • The Motley Fool:
    Epic Bundle - 3x Expert Stock Recommendations
  • H&R Block Tax:
    15% Off DIY Online Tax Filing Services | H&R Block Coupon Code
  • Top Resume:
    10% TopResume Discount Code for expert resume-writing services
  • eBay:
    30% off eBay coupon
  • Groupon:
    Groupon Promo Code - 30% Off Activities, Dining, More