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7/28, 8:10 AM (Source: TeleTrader)
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Barclays reports Q2 income rises 1% to £5.4B

British bank Barclays pls announced on Wednesday second-quarter income of £5.4 billion, up just 1% compared to the same three-month period a year earlier. Meanwhile, the lender's first half results revealed a 3% increase in income on the year to £11.3 billion.

The bank's CET1 ratio was reported at 15.1% in the second quarter, up 50 bps, according to the update, while Barclays also announced a half year dividend of 2 pence per share and a share buyback of up to £500 million.

"This has been a strong first half, clearly demonstrating the benefits of our resilient and diversified universal bank in supporting the growth of capital markets, our corporate clients and retail customers," Barclays Chief Executive Officer James E Staley commented on the bank's financial performance this year so far.

Breaking the News / JC