Second-quarter total income rose 16% to £8.3bn (£8.1bn expected), driven by strong Investment Bank performance.
Profit before tax rose 31% to £3.3bn (£3.1bn expected), as income growth and lower-than-expected impairment charges more than offset higher costs.
Credit impairment charges rose to £571mn (£614mn expected), while underlying credit performance remained broadly stable.
Capital levels remained strong, with the CET1 ratio unchanged from the end of 2025 at 14.3% (14.3% expected), or 14.0% including the new £1bn buyback announced today. The interim dividend nearly doubled to 5.9p per share.
Guidance for 2026 was raised, with total income now expected to reach around £31.5bn (£31.2bn expected), up from the previous guidance of around £31bn.
The shares fell 4.8% in early trading.
Our view
HL view to follow.
Barclays key facts
All ratios are sourced from LSEG Datastream, based on previous day’s closing values. Please remember yields are variable and not a reliable indicator of future income. Keep in mind key figures shouldn’t be looked at on their own – it’s important to understand the big picture.
This article is original Hargreaves Lansdown content, published by Hargreaves Lansdown. It was correct as at the date of publication, and our views may have changed since then. Unless otherwise stated estimates, including prospective yields, are a consensus of analyst forecasts provided by LSEG. These estimates are not a reliable indicator of future performance. Yields are variable and not guaranteed. Investments rise and fall in value so investors could make a loss.
This article is not advice or a recommendation to buy, sell or hold any investment. No view is given on the present or future value or price of any investment, and investors should form their own view on any proposed investment.