Barclays posts 19% slide in annual net profit after costly U.S. trading blunder; shares sink
Publishing timestamp: 2023-02-15 06:06:36
Summary
Barclays reported a net profit of 5.023 billion for 2022, beating consensus expectations but suffering a 19% fall from the previous year. The British lender took a substantial hit from over-issuance of securities in the US, resulting in litigation and conduct charges totaling 1.6 billion. Barclays declared a total dividend for 2022 of 7.25 pence per share and intends to initiate a share buyback of 500 million.
Sentiment: MIXED
Tickers: BARC-GB,
Keywords: wall street, breaking news: europe, barclays plc, investment strategy, markets, economy, earnings, business news, banks,