Barclays\’ profit surges amid US tariff turbulence
Barclays Q2 profits leap 34% amid Trump tariff turbulence
Net profit jumps to £1.7 billion
£1.7 billion (£2.3 billion) net profit for the three months to 30 June, up 34% from a year earlier.
Trading activity boosts consecutive quarters
- Global markets income up thanks to “continued support provided to clients through a volatile market environment.”
- Financial transaction volumes surged as Trump’s sweeping tariffs on April sparked sharp market fluctuations.
Investment banking division thrives in volatility
“A resurgent investment banking division thriving in today’s volatility”, mirroring the strength seen across U.S. peers, said Matt Britzman, senior equity analyst at Hargreaves Lansdown.
Share buyback and dividend increase announced
Barclays announced a £1 billion share buyback and a slightly higher dividend for the first half.
Credit impairment charges rose
Credit impairment charges increased due to elevated U.S. macroeconomic uncertainty and the acquisition of Tesco Bank in the UK.
