Earnings

Barclays Q4 2022 earnings

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Barclays Bank building

Chris Ratcliffe | Bloomberg | Getty Images

LONDON — Barclays on Wednesday reported a full-year net profit of £5.023 billion ($6.07 billion) for 2022, beating consensus expectations of £4.95 billion but suffering a 19% fall from the previous year’s restated £6.2 billion in part due to a costly trading blunder in the U.S.

Fourth-quarter attributable profit was £1.04 billion, above analyst projections of £833.29 million but down 4% from the £1.08 billion posted in the fourth quarter of 2021.

Pretax profit for the fourth quarter came in at £1.31 billion, short of a consensus forecast of £1.5 billion, while full-year pretax profit fell 14% to £7 billion.

Barclays…



Source cnbc.com

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