London (Reuters) – Barclays noted a key profitability financial target for 2025 on Thursday and reports a 24% increase in its annual profit last year, driven by the good performance of the investment bank and The increase in income from his domestic loan activity.
On the London Stock Exchange, the action of the British bank fell 4.89% to 292.7 pence at 9:09 a.m. GMT, among the highest decrees of the STOXX 600 pan -European index (+0.26%), several analysts being disappointed by the annual results.
“Overall, the results are solid, but there are not much nine that can arouse enthusiasm,” write Citi analysts in a note. “To this is added the sharp increase in the course of action during the past year, which could temper any initial reaction”.
“Given high expectations before publication on good surprises, profits were perhaps inevitable,” said Richard Hunter, market manager at Investor Investor.
Barclays’ before tax profit emerged at 8.11 billion pounds at the end of December, against an average forecast of analysts of 8.07 billion pounds and after 6.6 billion in 2023.
Barclays is the first British bank to publish its results for 2024, a year marked by a revival of political stability in the United Kingdom, but a loss of confidence of international investors after the tax increases in the new Labor government.
The bank unveiled last year a strategic plan over three years intended to relaunch its stock market course via cost reductions and increased return to shareholders.
In 2024, Barclays’ Tangible Capital Yield of Tangible (Rote) reached 10.5%, online with the forecast of a yield greater than 10%.
“Our new forecasts for 2025, which include a group of the group of approximately 11%, represent an important step in achieving our objectives for 2026, in particular a Rote greater than 12%,” said Barclays CSvenkatakrishnan Cité Director in a press release.
In 2024, investment bank revenues reached 11.8 billion pounds, above consensus at 11.6 billion, thanks to a 40% increase in stocks related to shares and 29% of those linked to obligations.
(Written by Chandini Monnappa in Bangalore and Sinead Cruise in London, Blandine Hénault, edited by Augustin Turpin)
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