Barclays narrowly beats profit forecasts on strong consumer, credit card business ...Middle East

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Barclays narrowly beats profit forecasts on strong consumer, credit card business
A view of the Canary Wharf financial district of London. Prisma by Dukas | Universal Images Group | Getty Images LONDON — Barclays on Tuesday reported a net profit of £1.27 billion ($1.56 billion) for the third quarter, slightly ahead of expectations as strong results in its consumer and credit card businesses compensated for weakening investment bank revenues. Analysts polled by Reuters had produced a consensus forecast of £1.18 billion, down from £1.33 billion in the second quarter and £1.51 billion for the same period in 2022. Here are other highlights for the quarter: CET1 ratio, a measure of banks’ financial strength, stood at 14%, up from 13.8% in the previous quarter. Return

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