Barclays stories first-quarter revenue above expectations
Barclays has reported a first-quarter revenue above expectations, hailing a resilient efficiency from its client financial institution.The financial institution reported pre-tax revenue of £2.6bn, above the common analyst forecast of £2.2bn, and better than the £2.2bn it reported on the similar time final 12 months.
CS Venkatakrishnan, Barclays group chief government, stated the outcomes confirmed a "strong" first quarter, including: "The momentum across the group allows us to maintain a robust capital position, deliver attractive returns to shareholders and support our customers and clients through an uncertain economic environment."Income on the lender's client, playing cards and funds division rose 47% to £1.3bn due to rising bank card balances pushed partly by its acquisi...