Barclays beat second-quarter profit expectations on Wednesday and boosted returns to shareholders, with its investment banking and equities businesses posting record incomes.
The British lender posted a quarterly attributable profit of £2.1 billion , up from £90 million for the second quarter of 2020.
Barclays also announced increased capital distributions to shareholders, with a half-year dividend of 2 pence per share and a further share buyback of up to £500 million. Barclays and HSBC buildings are seen amid the outbreak of the coronavirus disease , in London, Britain October 20, 2020.beat second-quarter profit expectations on Wednesday and boosted returns to shareholders, with its investment banking and equities businesses posting record incomes.
The British lender posted a quarterly attributable profit of £2.1 billion , up from £90 million for the second quarter of 2020. Analysts had expected net reported income of £1.7 billion for the three months until the end of June, according to Refinitiv data.Barclays also announced increased capital distributions to shareholders, with a half-year dividend of 2 pence per share and a further share buyback of up to £500 million.
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