26 October 2022 - third quarter results
When we recommended shares in Barclays in August, we stated that buying shares in banks was a contrary move. So far this has proved the case with the share price down from 163.6p to 149p. However, the third quarter results from the bank which have been announced today have revealed a strong performance with pre-tax profits increasing by 6% over last year. In the year to date, pre-tax profits of £5.7bn have been recorded (2021: £6.8bn), with earnings per share falling to 24.2p (2021: 30.0p). Net assets . . .
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