- Barclays PLC (NYSE: BCS) reported earnings per share of $0.66 and revenue of $9.86 billion, both falling short of analyst estimates.
- Third-quarter pre-tax profit rose 12% year-over-year to £2.32 billion but missed forecasts, while the bank announced a £500.00 million share buyback.
- Strong UK lending growth of 7% and a 47% jump in equities trading income helped offset a 19% decline in fixed-income revenue, leading to an improved Return on tangible equity of 12%.
Barclays PLC (NYSE: BCS), the U.S.-listed shares of the bank, reports earnings before the market opens on October 22, 2026. Barclays is a UK-based bank with lending and investment banking businesses. Its earnings per share of $0.66 fall just below the $0.67 estimate, while revenue of about $9.86 billion misses the $10.10 billion estimate.
Third-quarter pre-tax profit reaches £2.32 billion, up 12% from a year earlier but 4% below analysts’ forecast. Pre-tax profit is what the bank earns before paying taxes. Weaker fixed-income trading contributes to the miss, despite stronger equities trading, as highlighted by The Wall Street Journal.
Group income rises 3% to £7.40 billion, and profit attributable to shareholders increases 13% to £1.60 billion. Barclays also announces a £500.00 million share buyback, which reduces the number of shares outstanding when completed. Higher income and lower impairment charges—funds set aside for possible loan losses—support the results.
UK lending grows 7% year over year, and equities trading income jumps 47%. These gains help offset a 19% decline in fixed-income, currencies and commodities revenue. Return on tangible equity, a measure of profit against shareholder capital excluding intangible assets, improves to 12% from 11% a year earlier.
Barclays trades at a price-to-earnings ratio of 8.69 and a price-to-sales ratio of 1.41. Its debt-to-equity ratio is 1.74, comparing debt with shareholder equity. UBS Group AG (NYSE: UBS) maintains a “buy” rating and a 590.00p price target, as highlighted by Proactive Investors.
