Investing.com - Barclays (LON:BARC) reported on Wednesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Barclays announced earnings per share of £0.066 on revenue of £5.16B. Analysts polled by Investing.com anticipated EPS of £0.0432 on revenue of £5.13B.
Barclays shares are up 4.9% from the beginning of the year and are trading at £196.16 , down-from-52-week-high.They are outperforming the TR UK 50 which is up 2.96% from the start of the year.
Barclays shares gained 3.13% in intra-day trade following the report.
Barclays follows other major Financial sector earnings this month
Barclays's report follows an earnings missed by HSBC on Tuesday, who reported EPS of £0.0883 on revenue of £8.89B, compared to forecasts EPS of £0.0991 on revenue of £8.85B.
State Bank India had matched expectations on Saturday, February 5, 2022 with fourth quarter EPS of £1.27 on revenue of £5.27B, compared to forecast for EPS of £1.27 on revenue of £5.27B.
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