Barclays Group Q3 2020 income was £5.2 billion, down 6% from the prior year, according to the company’s press release. Earnings per share (EPS) is 7.6 pence down from Q3 2019 yield to date EPS of 10.4 pence. Q3 2020 international income was £3.8 billion, up 1% versus the prior year.
- Barclays expects a continuation of headwinds into 2021, including a low-interest-rate environment.
- Group expects impairment charges of 2021 to be materially below than 2020.
- Group anticipates FY2020 costs, excluding litigation and conduct, to be broadly flat versus FY2019.
- The Group is in a strong capital position and capital generation ability and will update its policy and dividends in FY2020 results.
- Barclays group recorded £16.8 billion incomes compared to the prior year (yield to date) while international income was £12.4 billion, up 11% from the previous year.
- Q320 yield to date group profit before tax was £2.4 billion, down from Q3 2019 yield to date income of £3.3 billion.
- Return on tangible equity (RoTE) is 3.6% compared to Q3 2019 of 5.1%
- A common equity tier 1 (CET1) ratio of 14.6% down from December 2019’s 13.8%.
- Barclay’s group operating expenses were £10.0 billion, down 1% versus the prior year.
Barclays stock is gaining. BARC: LON is up 7.98%
