Barclays Beats Forecast on Trading Boom, but Bad Loan Charges Rise

Barclays Beats Forecast on Trading Boom, but Bad Loan Charges Rise
A branch of Barclays Bank in London on Feb. 23, 2022. Peter Nicholls/Reuters
Reuters
Updated:

LONDON—Barclays beat forecasts with a small rise in third-quarter profit on Wednesday lifted by a record performance in fixed income trading, but costs and loan charges crept higher in a sign of ongoing challenges.

The British bank made a profit before tax of 2 billion pounds ($2.3 billion) in July–September, up from 1.9 billion a year ago and above analyst forecasts.