- Barclays press release ( NYSE: BCS ): Q3 GAAP EPS of £0.094.
- Revenue of £6B (+9.1% Y/Y).
- Excluding the impact of the Over-issuance of Securities in the US (Over-issuance of Securities) – Group income was £6.4bn, up 17% year-on-year.
- Capital: Common Equity Tier 1 (CET1) ratio of 13.8% (December 2021: 15.1% and June 2022: 13.6%) and tangible net asset value ( TNAV ) per share of 286p (December 2021: 291p and June 2022: 297p).
- Outlook:
- Returns: targeting a RoTE of greater than 10% in 2022
- Income: diversified income streams position the Group well for the current economic and market environment including rising interest rates
- Costs: FY22 total operating expenses are expected to be in line with the outlook given at H122 results of around £16.7bn1 , with a reduction in litigation and conduct charges of around £0.3bn broadly offset by headwinds from FX and other movements
- Impairment: expect the credit impairment charges at a portfolio level to trend towards a through-the-cycle loan loss rate, acknowledging the risk of further deterioration in the economic outlook
- Capital: targeting a CET1 ratio within the range of 13-14%.
For further details see:
Barclays GAAP EPS of £0.094, revenue of £6B