Barclays PLC (LSE:BARC)

£ 2.5895 -0.02 (-0.77%) Market Cap: 37.34 Bil Enterprise Value: -76.31 Bil PE Ratio: 9.05 PB Ratio: 0.53 GF Score: 66/100

Q3 2023 Barclays PLC Earnings Call Transcript

Oct 24, 2023 / 08:30AM GMT

Release Date Price: £1.35 (-6.53%)

Transcript

Operator

Welcome to Barclays Q3 2023 Results - Analyst and Investor Conference Call. I will now hand over to C.S. Venkatakrishnan, Group Chief Executive, before I hand over to Anna Cross, Group Finance Director.

Coimbatore Sundararajan Venkatakrishnan

Barclays PLC - Group CEO & Executive Director

Good morning. Thank you for joining Anna and me on today's third quarter results call. Against the background of mixed market activity and the competitive environment for U.K. retail deposits, the group generated income of GBP 6.3 billion in the quarter, down modestly year-on-year, excluding last year's impact from the over-issuance securities.

Our profit before tax was GBP 1.9 billion, with earnings per share of 8.3p. We maintained a strong capital position with our CET1 ratio at 14%, up around 20 basis points in the second quarter and at the top of our target range. In this context, we delivered a third quarter return on tangible equity of 11%, taking us to 12.5% for the year-to-date, and we continue to target above 10% for the full year.

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