Barclays Gets Boost From Dealmaking
- Biggest quarter for banking fees since Staley took charge
- Dividends, buybacks as British lender sees economy improving
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Barclays Plc’s investment bankers brought in a record haul as the booming deals market extended through the second quarter, offsetting more muted results in trading and helping the group to deliver improved profit and fresh shareholder payouts.
Income from capital markets and merger advisory at the London-based lender rose by almost a fifth to 873 million pounds ($1.2 billion), outperforming the average on Wall Street. This is the highest since Jes Staley took over as chief executive officer in late 2015, strengthening his hand as he tilts the group toward investment banking.