Yahoo Finance

Barclays said it is on track to meet its 2025 and 2026 targets and nudged up its guidance for net interest income after a better-than-expected first-quarter print. The British bank on Wednesday posted a pretax profit of 2.72 billion pounds ($3.65 billion) for the three months ended March 31, which was 19% higher than its result for the same period a year prior and surpassed the 2.49 billion-pound estimate taken from a company-compiled consensus. The group’s revenue came in at 7.71 billion pounds–also beating expectations of 7.39 billion pounds–driven by growth in its income from fees and commissions and net interest income, the difference between what banks earn on loans and what they pay clients for deposits.