Barclays Q3 Profit Tops Forecast, Unveils £500m Buyback – Shares Jump, Analysts Bullish
Barclays reported Q3 total income of £7.2bn, up 9% year-on-year and ahead of forecasts, but pre-tax profit fell 7% to £2.1bn after higher provisions. The bank announced a £500m share buyback for Q3 and plans quarterly buybacks as part of a £10bn return plan through 2026. Shares rose about 3% on the news, with analysts maintaining a “Buy” rating and price targets around 416–425p.