2/13/2020, 8:08 AM (Source: TeleTrader)
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Barclays posts income at £5.3B in Q4

Barclays Plc announced on Thursday that its total income in the fourth quarter of fiscal 2019 stood at £5.3 billion, rising 4.5% on an annual basis to beat the market estimates. Meanwhile, the company's basic earnings per share amounted to 3.9 pence, climbing for the basic loss per share of 0.1 pence recorded in the same period in 2018. Net interest income was at £2.34 billion, growing 2% year-over-year, while net operating income increased 8% annually to £4.78 billion in the closing trimester of the fiscal year.

For the whole fiscal year, Barclays' total income was at £14.68 billion, adding 5% compared to 2018, while its net operating income grew 1% year-on-year to £13.5 billion. Basic EPS reached 24.4 pence in fiscal 2019, a growth of 11% compared to a year prior.

"Disciplined cost management and income growth resulted in a cost: income ratio of 63%, excluding litigation and conduct, and we saw positive jaws across all operating businesses, allowing us to continue investment in our service to customers and clients, including future growth opportunities, as well as improving profitability," Barclays Group CEO James Staley said in a statement.

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