Barclays Review Seen Including Delays in Targets, Exits

Barclays Plc, Britain’s second-largest lender, may push back its targets for profitability and costs by 12 months and exit more businesses as part of Chief Executive Officer Antony Jenkins’s overhaul of the investment bank.

The lender may say it won’t meet its target of an 11.5 percent return on equity until 2017, a year later than planned, and won’t meet its goal of cutting costs to about half of income until 2016 instead of 2015, analysts at Citigroup Inc. led by Andrew Coombs wrote in a report to clients today.