One Churchill Place skyscraper, the Barclays Plc headquarters, at Canary Wharf in London, U.K., on Thursday, Jan. 7, 2021.
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LONDON — Barclays on Thursday reported second-quarter net profit attributable to shareholders of £1.2 billion ($1.54 billion), slightly lower than a year ago.
Analysts polled by Reuters had expected attributable net profit of £1.03 billion for the quarter, according to LSEG data.
Revenue came in at £6.3 billion in the second quarter, against a forecast of £6.25 billion.
The British lender this year kicked off a major restructure aiming to improve efficiencies and boost profits, driving its share price 52% higher in the year to date.
Launching that program resulted in a net loss of £111 million in the fourth quarter of 2023, but the bank returned to profit in the first quarter despite a decline in year-on-year revenue.
This is a breaking news story and will be updated shortly.