Barclays PLC (BSP:B1CS34)
R$ 56.82 0.42 (0.74%) Market Cap: 849.50 Bil Enterprise Value: -5.38 Bil PE Ratio: 8.21 PB Ratio: 0.46 GF Score: 66/100

Half Year 2023 Barclays PLC Earnings Call Transcript

Jul 27, 2023 / 08:30AM GMT
Release Date Price: R$37.35 (-8.07%)
Operator

Welcome to Barclays Half Year 2023 Results Analyst and Investor Conference Call. I will now hand over to C.S. Venkatakrishnan, Group Chief Executive; and Anna Cross Chief Finance Director.

Coimbatore Sundararajan Venkatakrishnan
Barclays PLC - Group CEO & Executive Director

Good morning. Thank you for joining Anna and me on today's call. Let me start by saying we continue to deliver a consistent strong performance quarter-on-quarter. In particular, our second quarter results show resilience against a mixed macroeconomic backdrop and against subdued market activity.

This performance again demonstrates the stability and strength of the franchise, which we have built over many years. We generated GBP 6.3 billion in income in the second quarter of '23, up 6% year-on-year, excluding last year's impact from the over-issuance of securities. This growth reflects the diverse sources of income, which we have built across the group.

Our focus on cost discipline delivered a cost-to-income ratio of 63% for this quarter, putting us on track to meet

Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot