Barclays Q1 Profit Beats Expectations at £8.16B, Equities and Investment Banking Outperform

Gate News message, April 28 — Barclays reported first-quarter results on April 28, with total profit of £8.16 billion, beating the consensus estimate of £8.11 billion. Equities revenue reached £1.12 billion, surpassing the forecast of £1.04 billion, while investment banking fees hit £754 million, exceeding the expected £682 million.

Net interest income came in at £3.74 billion, slightly below the consensus estimate of £3.83 billion. Pre-tax profit for the quarter stood at £2.81 billion, compared to the expected £2.85 billion.