Barclays posts surge in first quarter profits – Daily Business

Barclays has posted an above forecast first-quarter profit of £2.7 billion from £2.3bn in the same period a year ago, boosted by investment banking revenue.

This was above analysts’ forecasts for £2.5bn. Income at its investment bank rose 16% to £3.9bn in the first quarter, above expectations of £3.5bn. Its private bank and wealth management business rose 12% to £349m..

Barclays has now lifted its guidance for 2025 income for a second time this year to above £12.5bn from a previous forecast of £12.2bn.

However, analysts say it will need to deliver in a global economy coloured by the trade war instigated by Donald Trump.

The bank’s share rose over 1.5% in early trading.