{"id":74585,"date":"2022-10-26T12:26:37","date_gmt":"2022-10-26T08:26:37","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=74585"},"modified":"2022-10-26T12:26:38","modified_gmt":"2022-10-26T08:26:38","slug":"barclays-posts-profit-beat-for-the-third-quarter-on-strong-bond-trading-revenue","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/barclays-posts-profit-beat-for-the-third-quarter-on-strong-bond-trading-revenue\/10\/26\/market-updates\/","title":{"rendered":"Barclays posts profit beat for the third quarter on strong bond trading revenue"},"content":{"rendered":"\n<p>Wednesday reported an unexpected rise in third-quarter earnings on the back of strong trading revenues, despite a continued drag from a costly U.S. trading error.<\/p>\n\n\n\n<p>The British lender posted a net profit attributable to shareholders of \u00a31.512 billion ($1.73 billion), above consensus analyst expectations of \u00a31.152 billion and marking an increase from a restated \u00a31.374 billion for the same period last year.<\/p>\n\n\n\n<p>\u201cWe delivered another quarter of strong returns and achieved income growth in each of our three businesses, with a 17% increase in Group income to \u00a36.4 billion,\u201d Barclays CEO C.S. Venkatakrishnan said in a statement.<\/p>\n\n\n\n<p>The group continued to take a hit from an over-issuance of securities in the U.S., which have led to \u00a3996 million in litigation and conduct charges so far this year.<\/p>\n\n\n\n<p>The bank also benefited from an increase in net interest margin \u2014 the difference between what a bank earns in interest on loans and pays on deposits \u2014 which rose to 2.78% from 2.53% as the group reaped the benefits from higher interest rates.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Wednesday reported an unexpected rise in third-quarter earnings on the back of strong trading revenues, despite a continued drag from a costly U.S. trading error. The British lender posted a net profit attributable to shareholders of \u00a31.512 billion ($1.73 billion), above consensus analyst expectations of \u00a31.152 billion and marking an increase from a restated \u00a31.374 &hellip;<\/p>\n","protected":false},"author":9,"featured_media":34242,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[36],"tags":[7206,7114],"class_list":["post-74585","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-market-updates","tag-barclays","tag-forecast"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/74585","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=74585"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/74585\/revisions"}],"predecessor-version":[{"id":74586,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/74585\/revisions\/74586"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/34242"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=74585"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=74585"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=74585"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}