Barclays Third-Quarter Pretax Profit Misses Estimates on Fixed-Income Weakness
Barclays reported pretax profit of 2.32 billion pounds for the quarter, compared with 2.08 billion pounds a year earlier. The bank said stronger equities performance was outweighed by weaker fixed-income earnings.
By Michael HennesseyBarclays reported lower-than-expected pretax profit in the third quarter despite a stronger equities performance as fixed-income earnings sank.The British bank said Thursday that pretax profit for the quarter was 2.32 billion pounds, compared with 2.08 billion pounds for the com…