Barclays fell more than 6% in premarket trading

Tiger Newspress2021-04-30

Barclays fell more than 6% in premarket trading, and increased costs and bad debt provisions in the first quarter.

Barclays beats expectations in the first quarter as loan impairment charges slide

Barclays on Friday reported first-quarter net profit of £1.7 billion ($2.37 billion), helped by a rebound in equity trading and investment banking.

The British bank also said credit impairment charges had fallen “significantly” to £100 million, down from £2.1 billion in the first quarter of 2020.

Analysts had expected net income to come in at £1.3 billion for the first three months of the year, according to Refinitiv. The British bankpostednet income of £220 million for the fourth quarter of 2020.

Shares of Barclays are up about 31% since the start of the year.

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Comments

  • AgentW
    2021-05-01
    AgentW
    Hmmm.... Barclays is so troubled by the EU exit .... I’m sidelined ...
  • Shadowrider
    2021-05-01
    Shadowrider
    Is it time to buy
  • Sam51
    2021-04-30
    Sam51
    Pls like and comment ?
    • kenong62: 
      same here please comment n like
  • BruceLKH
    2021-04-30
    BruceLKH
    Unexpected 
  • Wallstrtbets
    2021-04-30
    Wallstrtbets
    Noted.
  • AMz13
    2021-04-30
    AMz13
    Nice 
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