Barclays swings back to profit in first quarter amid strategic overhaul
BCSBarclays(BCS) CNBC·2024-04-25 14:16

LONDON — Barclays on Thursday reported first-quarter net income attributable to shareholders of £1.55 billion (1.93billion),beatingexpectationsandreturningtheBritishlendertoprofitamidamajorstrategicoverhaul.AnalystspolledbyReutershadexpectednetprofitattributabletoshareholdersof£1.29billionforthequarter,accordingtoLSEGdata.Netincomeforthefirstquarter2023was1.93 billion), beating expectations and returning the British lender to profit amid a major strategic overhaul. Analysts polled by Reuters had expected net profit attributable to shareholders of £1.29 billion for the quarter, according to LSEG data. Net income for the first quarter 2023 was 1.78 billion. Barclays reported a net loss of £111 million in the fourth quarter of 2023 due to an operatio ...