Barclays launches £500m buyback as third-quarter profits rise
Barclays reported third-quarter pre-tax profit up 12% to £2.3bn and earnings per share up 18% year on year to 12.3p. It announced a £500m share buyback.
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06:52:39 AM UTC
SquawkNews
In the three months to the end of September, pre-tax profit grew 12% to £2.3bn, missing expectations of £2.4bn, while earnings per share were 18% higher year-on-year at 12.3p.The return on tangible equity rose to 11.7% in Q3 from 10.6% in the same period a year earlier, and Barclays said it was on…
STOCKS TO WATCHBarclays reported a rise in third-quarter profit on Thursday as it announced a £500m share buyback. In the three months to the end of September, pre-tax profits grew 12% to £2.3bn, while earnings per share were 18% higher year-on-year at 12.3p. Barclays' return on tangible equity ros…