Barclays (BARC.L), opens new tab announced a new 750 million pound ($957 million)share buyback and upgraded its longer term earnings guidance on Thursday, driven in part by an upswing in trading income that offset a 9% profit fall over the first half of 2024.
The British bank now expects to make a return on tangible equity (ROTE) greater than 12% by 2026, compared with a 10%-plus target in 2024, and to generate annual income of 30 billion pounds in 2026.
Source: REUTER
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