Barclays Rises After 35% Jump in Profit on Bond-Trading Revenue
- Fixed-income unit reports highest revenue in more than 2 years
- Bank books $1.3 billion pension deficit, $734 million PPI cost
Staley: Barclays Focused on Staying Engaged in Europe
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Barclays Plc said profit rose 35 percent in the third quarter as revenue from fixed-income trading surged to the highest in more than two years. The shares jumped the most since July.
Pretax profit climbed to 837 million pounds ($1.02 billion) from 619 million pounds a year earlier, the London-based lender said in a statement Thursday. Excluding one-time items, profit was 1.7 billion pounds, beating the 1.53 billion-pound average estimate of five analysts surveyed by Bloomberg News.