BARCLAYS Earnings Q4 2024

British Bank Barclays On Thursday he recorded an increase in earnings before taxes of all the year that occurred just before the expectations of analysts, while launched a repurchase of £ 1 billion shares.

Profit before taxes increased by 24% to £ 8,108 billion in 2024, just above the expectations of £ 8,081 billion analysts, according to LSEG.

Since last year, Barclays has been implementing a strategic review to reduce costs by £ 2 billion by 2026, raise the yields of shareholders and stabilize financial yields, sharpen their focus on the profitable operations of consumers and loans, And leading to absorption of the British Tesco Retail Banking Business.

However, Barclays‘ Traditionally, a strong banking unit could now benefit from a more open market share in the national space, since HSBC announced last month that it is Preparation to leave Its business of M&A and capital capital in Europe, the United Kingdom and the USA. In the midst of a greater restructuring of its investment banking operations.

The bank has also been recovering from a sweep three -day technology output That interrupted payments and transactions at the end of last month, which has been resolved since then.

In more general terms, lenders have been fighting the lethargy in the economy of the United Kingdom and a setback in the activity of OPI in the London Stock Exchange. The Bank of England He executed his first rate cut of the year last week And he pointed out more ornaments in 2025 in the middle of a reduction in the economic forecast of the United Kingdom, with monetary flexibility that usually eats in bank gains, since it squeezes the propagation between the return of loan lenders and their payment in deposits. British and European banks are also struggling to maintain the pace of the counterparts in the United States, which could benefit from an additional competitive advantage if the newly opened president of the United States, Donald Trump, adopts a lighter approach for regulation local.

At the same time, the United Kingdom Finance Minister Rachel Reeves is promoting the Britain’s financial authority to promote competitiveness in conjunction with consumer protection, with the markets that observe the growth of government financial services and Competitiveness strategy that is exceeded in spring.

This last -minute news is being updated.