Barclays Enjoys a Rare Quarter With No Legal Provisions: Chartby
Barclays Plc’s first-quarter results were unusual for what they were lacking: legal charges. The firm has averaged about 900 million pounds ($1.3 billion) in provisions for investigations, litigation and customer redress over the previous seven quarters. There were no such provisions in the first three months in 2016. “The results appear uncharacteristically clean,” said Ian Gordon, an analyst at Investec Plc with a buy rating on the stock.