{"id":101600,"date":"2026-08-12T01:31:42","date_gmt":"2026-08-12T01:31:42","guid":{"rendered":"https:\/\/www.europesays.com\/britain\/101600\/"},"modified":"2026-08-12T01:31:42","modified_gmt":"2026-08-12T01:31:42","slug":"barclays-falls-despite-lifting-income-target-and-unveiling-larger-buyback","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/britain\/101600\/","title":{"rendered":"Barclays falls despite lifting income target and unveiling larger buyback"},"content":{"rendered":"

\"Barclays<\/a> Barclays falls despite lifting income target and unveiling larger buyback – UPDATE Proactive uses images sourced from Shutterstock <\/p>\n

Barclays PLC (LSE:BARC)<\/a>\u00a0shares fell 5.1% to 503p despite the bank upgrading its 2026 income target and announcing a \u00a31 billion share buyback after stronger investment banking and interest income lifted second-quarter profit. <\/p>\n

The FTSE 100 lender reported group income of \u00a38.3 billion in the second quarter, up 16% on a year ago, while pre-tax profit rose 31% to \u00a33.3 billion. Return on tangible equity in the quarter improved to 16.1% from 12.3% a year earlier and\u00a013.5% in Q1. <\/p>\n

Investment banking revenue rose 20% to \u00a33.96 billion, beating the \u00a33.66 billion City consensus, as global markets income and advisory fees increased. Fixed-income, currencies and commodities revenue of \u00a31.47 billion fell slightly short of the \u00a31.51 billion forecast. <\/p>\n

UK lending balances grew 5% year on year, as mortgage margin pressure partly offset higher structural hedge income at Barclays UK.\u00a0UK’s net interest margin widened to 3.70% from 3.55% a year earlier. <\/p>\n

The bank increased its 2026 group income target to around \u00a331.5 billion from \u00a331 billion. Guidance for net interest income excluding the investment bank and head office was raised to more than \u00a313.7 billion from more than \u00a313.5 billion. <\/p>\n

Barclays maintained its forecast for full-year return on tangible equity above 12%. It expects its loan-loss rate near the top of its 0.5% to 0.6% range after impairment charges increased to \u00a3600 million in the quarter. <\/p>\n

Chief executive CS\u00a0Venkatakrishnan said Barclays had delivered “another strong quarter”, supported by UK lending growth and the investment bank\u00a0performing\u00a0well “in a favourable environment”. <\/p>\n

The bank announced a buyback of up to \u00a31 billion and a first-half dividend of 5.9p a share, up from 3p. Total first-half distributions reached \u00a32.3 billion, 61% more than a year earlier. <\/p>\n

Broker Jefferies said it was a “slightly messy set of numbers”, with an investment banking income beat partly offset by “small misses elsewhere”. <\/p>\n

“There are also some additional costs (arguably one-off?) coming through in H2 that may not be in estimates,” analysts noted. <\/p>\n

However, shareholder distributions were “well ahead” of estimates and the outlook showed confidence\u00a0in its targets.\u00a0 <\/p>\n

\u00a0 ** UPDATE: Adds share price and broker comments ** <\/p>\n","protected":false},"excerpt":{"rendered":"Barclays falls despite lifting income target and unveiling larger buyback – UPDATE Proactive uses images sourced from Shutterstock…\n","protected":false},"author":2,"featured_media":101601,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[21264],"tags":[3343,21325,11957,22915,21536,12859,4424],"class_list":["post-101600","post","type-post","status-publish","format-standard","has-post-thumbnail","category-barclays","tag-barclays","tag-buyback","tag-fixed-income","tag-interest-income","tag-investment-banking","tag-net-interest-income","tag-target"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@UnitedKingdom\/117079957924142415","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/101600","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/comments?post=101600"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/101600\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media\/101601"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media?parent=101600"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/categories?post=101600"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/tags?post=101600"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}