Barclays Trading Revenue Outperforms Wall Street Peers

Staley cautions that meeting 2020 targets will be tougher
Record M&A fees in quarter contrast with more card impairments

CEO Jes Staley on Barclays’s results, low interest rates, Brexit and its implications for the economy and markets.(Source: Bloomberg)

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Stefania Spezzati

October 25, 2019 at 6:27 AM UTC

Updated on

October 25, 2019 at 10:33 AM UTC

This article is for subscribers only.

Barclays Plc’s investment bank rallied, outperforming Wall Street peers in the third quarter, as revenue from fixed-income and equities trading advanced.

The corporate and investment bank’s third-quarter income jumped 17% from the same period a year earlier, Barclays said in a statement on Friday. Trading income rose 13%, compared with an average of 6.4% for its U.S. peers. Still, Chief Executive Officer Jes Staley struck a cautious note, warning that low interest rates and Britain’s Brexit-hit economy will make it tougher to meet the bank’s targets next year.