Barclays Reports Q2 GAAP EPS of 16.70p and Revenue Growth
Barclays reported second-quarter earnings per share (GAAP) of 16.70p, with revenue reaching £8.3 billion—a year-over-year increase of 15.3%. The group's return on tangible equity (RoTE) improved to 16.1%, up from 12.3% in the same period last year, driven by a profit before tax of £3.3 billion compared to £2.5 billion previously. The bank also upgraded its long-term financial targets for 2026, aiming for a group RoTE above 12%. It plans to maintain strong capital returns as part of this strategy. These results reflect improved performance across the business and align with Barclays' ongoing focus on profitability and shareholder value.
Tickers: $BARC
Topics: banking financial_results revenue_growth