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Barclays announces share buyback as second-quarter profit meets target

Barclays reported a second-quarter net income of £1.3 billion, meeting expectations. The bank's performance was supported by its domestic division and consumer and cards arm, which saw higher revenues. However, investment banking revenues dropped by 3%. Barclays CEO, C. S. Venkatakrishnan, expressed confidence in meeting the bank's targets for the full year. Additionally, Barclays announced plans for a share buyback of up to £750 million. Barclays shares have risen by about 1.5% year to date.

The post Barclays Announces share buyback as second-quarter profit meets target appeared first on Balanced News Summary.



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