Barclays reports Q3 EPS 10.4p vs. 10.7p last year

Group RoTE was 10.6% with profit before tax of GBP 2.1B. All divisions delivered double-digit RoTE in Q325. Group income of GBP 7.2B was up 9% year-on-year, with Group NII excluding Barclays (BCS) Investment Bank and Head Office of GBP 3.3B, up 16% year-on-year. Barclays UK income increased 16%, driven by continued structural hedge income and the impact from Tesco Bank; Barclays UK Corporate Bank income increased 17%, reflecting higher average deposit and lending balances, and higher structural hedge income; Barclays Private Bank and Wealth Management income increased 3%, reflecting higher client balances from net new inflows and market movements; Barclays Investment Bank income increased 8%, with growth across Global Markets and Investment Banking, supported by continued growth in more stable income streams; Barclays US Consumer Bank income increased 19%, reflecting the impact of repricing initiatives, business growth and the acquisition of General Motors co-branded cards portfolio, partially offset by the strengthening of GBP against USD. Group total operating expenses were GBP 4.5B, up 14% year-on-year, with a cost: income ratio of 63%. Credit impairment charges were GBP 0.6B with a LLR of 57bps. CET1 ratio of 14.1%.