Barclays H1 profit rises 17%, income up 11%
BCS•Outlook
- Barclays raises 2026 Group income target to c.£31.5bn from c.£31bn
- Company expects 2026 Group RoTE greater than 12% and CET1 ratio in 13-14% range
- Barclays plans to return at least £10bn capital to shareholders between 2024 and 2026
Key details
| Metric | Actual |
|---|---|
| H1 Net Income | GBP 16.50 bln |
| H1 Net Interest Income (excluding IB and Head Office) | GBP 6.80 bln |
| H1 CET1 Ratio | 14.30% |
| H1 Pretax Profit | GBP 6.10 bln |
| H1 ROTE | 14.80% |
Result drivers
- Investment bank performance - Barclays said income from its investment bank rose 20% in Q2, driven by growth in Global Markets and higher investment banking fees
- US Consumer Bank gain - Co said US Consumer Bank income rose 38% in Q2, helped by a c.£225m gain from the sale of the American Airlines co-branded credit card portfolio and the Best Egg acquisition
- Cost efficiency savings - Group operating costs rose due to business growth, inflation and investment, but were partially offset by c.£200m of cost efficiency savings in Q2
