Barclays reports higher second-quarter profits, attributing part of the increase to gains associated with market volatility. The bank says its quarterly earnings rise by 31% to £3.3 billion, according to the Financial Times. Free Malaysia Today reports that Barclays’ net profit increases by 36% to US$3.1 billion for the three months ending June, compared with the same period a year earlier. Both accounts describe a substantial year-on-year uplift in profitability during the quarter, with the improvement linked to trading or market-related performance influenced by volatility. The figures represent different reported currencies and presentation formats, but they refer to the same quarterly period and overall rise in earnings and net profit. The reports focus on the result rather than providing detailed breakdowns of revenue streams or costs, and they do not specify whether the volatility gains are expected to continue. Overall, the sources agree that Barclays’ Q2 profit grows materially year on year and that market volatility plays a role in the outcome.
Barclays quarterly profit rises on gains linked to market volatility
Barclays reports higher second-quarter profits, attributing part of the increase to gains associated with market volatility. The bank says its quarterly earnings rise by 31% to £3.3 billion, according...
- Barclays’ second-quarter profit increases year on year.
- Financial Times reports quarterly earnings rise 31% to £3.3 billion.
- Free Malaysia Today reports net profit rises 36% to US$3.1 billion.
- Both reports link the improvement in profit to gains associated with market volatility.
- The results cover the three months ending June.
Net profit jumped 36% to US$3.1 billion in the three months to the end of June, compared with a year earlier, says Barclays.
3 hours agoUK bank’s quarterly earnings rise 31% to £3.3bn
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