The lockdowns’ impact on consumer spending was mitigated by robust mortgage activity and, above all, strong investment banking businesses supported by ongoing supportive market conditions and market share gains in both FICC and equities. This year, the extent of the profitability recovery will largely depend on the pace at which the cost of risk will normalise.
18 Feb 2021
Stronger profits offset by large negative equity adjustments
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Stronger profits offset by large negative equity adjustments
Barclays PLC (BARC:LON) | 200 18.1 4.7% | Mkt Cap: 30,061m
- Published:
18 Feb 2021 -
Author:
David Grinsztajn -
Pages:
3
The lockdowns’ impact on consumer spending was mitigated by robust mortgage activity and, above all, strong investment banking businesses supported by ongoing supportive market conditions and market share gains in both FICC and equities. This year, the extent of the profitability recovery will largely depend on the pace at which the cost of risk will normalise.