Barclays is due to announce its third-quarter results for 2023, with a forecasted pretax profit of £1.77 billion ($2.15 billion), according to a consensus of 10 analysts. The bank's total income is predicted to reach £6.292 billion, indicating growth from both the previous year and quarter.
The anticipated income from Barclays' Corporate and Investment Bank (CIB), which reflects trends in deal-making activity, is estimated at £3.13 billion. This figure represents an increase on a year-on-year basis, yet a decrease from the second quarter of 2023.
Analysts from Numis anticipate a lower-than-expected UK net interest margin, with Barclays guiding for a 2023 margin of no more than 3.20%. Meanwhile, Citi forecasts a credit impairment charge of £570 million due to potential risks associated with U.S. card and corporate provisions, a figure higher than those seen in prior periods.
In the upcoming announcement, UBS expects questions regarding Barclays' process of revising financial targets and its capital return strategy. The bank's full-year results are scheduled for release in February.
Analysts from Berenberg suggest that Barclays' ongoing strategy review may not result in significant strategic changes. This statement implies that the bank's current operations and plans could largely remain intact despite the review process.
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