- Barclays (NYSE:BCS): Q3 GAAP EPS of 8.50p.
- Total Income of £5.5B (+5.8% Y/Y) beats by £200M.
- Press Release
- CET1 ratio 15.4%, estimate 14.9%.
- Net interest income of £1.94B vs. estimate £2B
- Net operating income of £5.35B vs. estimate £5.14B
- Pretax profit of £1.96B vs. estimate £1.54B
- Outlook: FY21 CET1 ratio is expected to remain above the target range of 13-14%.
- BCS expects to deliver a RoTE above 10% in 2021 and Cost: income ratio below 60%.
- The impairment run rate is expected to remain below historical levels in coming quarters given reduced unsecured lending balances and improved macroeconomic outlook.