Barclays posts profit beat for the third quarter on strong bond trading revenue
A sign hangs above an entrance to a branch of Barclays Plc bank in the City of London, U.K. Bloomberg | Bloomberg | Getty Images LONDON — Barclays on Wednesday reported an unexpected rise in third-quarter earnings on the back of strong trading revenues, despite a continued drag from a costly U.S. trading error . The British lender posted a net profit attributable to shareholders of £1.512 billion ($1.73 billion), above consensus analyst expectations of £1.152 billion and marking an increase from a restated £1.374 billion for the same period last year. "We delivered another quarter of strong returns , and achieved income growth in each of our three businesses, with a 17% increase in Group income to £6.4 billion," Barclays CEO C.S. Venkatakrishnan said in a statement. "Our performance in FICC ( fixed income , currencies and commodities trading ) was particularly strong and we continued to build momentum in our consumer businesses in the U.K. and U.S." Common equity t...