A sign hangs above an entrance to a branch of Barclays Plc bank in the City of London, U.K.
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LONDON — Barclays on Wednesday reported an unexpected rise in third-quarter earnings on the back of strong trading revenues, despite a continued drag from a costly U.S. trading error.
The British lender posted a net profit attributable to shareholders of £1.512 billion ($1.73 billion), above consensus analyst expectations of £1.152 billion and marking an increase from a restated £1.374 billion for the same period last year.
“We delivered another quarter of strong returns, and achieved income growth in each of our three businesses, with a 17% increase in Group…