British bank Barclays achieved strong profits at the end of the third quarter of this year, amounting to 1.512 billion pounds, or the equivalent of 1.73 billion dollars, on the back of strong trading returns.
Barclays' profit came in higher than analysts' expectations of 1.152 billion pounds, while profits for the period were higher than the previous year's 1.374 billion pounds.
Barclays' income reached 6 billion pounds at the end of the third quarter of this year, up from 5.5 billion pounds in the same period last year.
The return on tangible equity for the shareholders of Barclays Bank reached 12.5% at the end of the third quarter of this note, compared to 11.4% in the same period last year.
We delivered another quarter of strong returns and generated income growth in each of our three businesses, with a 17% increase in group income to £6.4 billion, Barclays CEO CS Venkatakrishnan said in a statement.
