Barclays Q3 Pre-Tax Profit Misses Expectations at £2.3bn
Barclays' pre-tax profit rose 12% to £2.3bn in the three months to the end of September, below expectations of £2.4bn. Earnings per share increased 18% year on year to 12.3p, while return on tangible equity rose to 11.7% from 10.6%.
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09:05:16 AM UTC
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Barclays Q3 profit misses expectations; around 5,000 jobs to go in AI push
For the three months to the end of September, pre-tax profit increased 12% to £2.3bn, below expectations of £2.4bn. Earnings per share climbed 18% year-on-year to 12.3p. Return on tangible equity reached 11.7% in Q3, up from 10.6% in the same period a year earlier. Barclays said it was on…