Like many other UK banks, the earnings surprise was offset by negative equity adjustments. The top line continued to enjoy supportive CIB activities which offset the ongoing impact of the pandemic on the consumer finance business. The earnings surprise could have proved to be stronger if the group had decided to recover all the excess provisioning.
30 Apr 2021
Earnings surprise offset by negative equity adjustments
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Earnings surprise offset by negative equity adjustments
Barclays PLC (BARC:LON) | 184 3.1 0.9% | Mkt Cap: 27,692m
- Published:
30 Apr 2021 -
Author:
David Grinsztajn -
Pages:
2
Like many other UK banks, the earnings surprise was offset by negative equity adjustments. The top line continued to enjoy supportive CIB activities which offset the ongoing impact of the pandemic on the consumer finance business. The earnings surprise could have proved to be stronger if the group had decided to recover all the excess provisioning.