Staley: Barclays Focused on Staying Engaged in Europe
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. 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. CEO Jes Staley tells Manus Cranny on "Bloomberg Daybreak: Europe" he’s pleased with 3Q results and believes the bank is on track to meet its cost target.