We use cookies to give you the best possible experience on our website. By continuing to browse this site, you give consent for cookies to be used. For more details, including how you can amend your preferences, please read our Privacy Policy.
More Info Accept
81% of retail accounts lose money when trading CFDs with this provider. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. expand_more

Barclays stock rises 7% after earning more than expected in the third quarter

October 23, 2020 14:00

Barclays stock rises 7% after earning more than expected in the third quarter

Barclays shares were up more than 7% at noon to 111.9 GBX, after the British bank reported that its third-quarter profit exceeded forecasts with 1.1 billion pounds before tax, double the consensus of analysts.

According to the bank, this happened thanks to the fact that business directed to consumption became profitable again, while the provisions against bad loans fell.

The bank posted provisions of 608 million pounds, well below the 1 billion pounds analysts had expected, according to Reuters.

For its part, Nordic consortium Nordea has announced that its profit up to September was 1.54 billion euros, 94% more and above expectations. Their shares are up 5%.

The rises of these two entities on the stock market have influenced the rest of the European banking sector, with increases of 2% on average.

Admiral Markets MetaTrader 5. Barclays daily chartSource: Admiral Markets MetaTrader 5. Barclays daily chart. Data range: from May 10, 2019, to October 23, 2020. Prepared on October 23, 2020, at 12 noon. Keep in mind that past returns do not guarantee future returns.

So far, in 2020, Barclays has fallen 37.70% on the stock market. The year 2019 managed to close with a rise of 19.35%, while in 2018, it fell by 25.89% and, in 2017, by 9.11%. In 2016, it rose 2.08% in the stock market.

If you are interested in investing in Barclays, with Admiral Markets UK Ltd you can do so through Contracts for Difference (CFDs), which allow you to speculate on price movements both up and down. Click on the following banner to open a real trading account and start trading:

Trade Forex & CFDs


INFORMATION ON ANALYTICAL MATERIALS:

The data provided provides additional information on all analyzes, estimates, forecasts, forecasts, market reviews, weekly outlooks or other evaluations or similar information (hereinafter "Analysis") published on the Admiral Markets website. Before making any investment decisions, pay close attention to the following:

1. This is a marketing communication. The content is posted for informational purposes only and should not be construed as investment advice or recommendation. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and is not subject to any prohibition on pre-dissemination of investment research.

2. Each investment decision is made by each client alone, while Admiral Markets UK Ltd (Admiral Markets) will not be liable for any loss or damage arising from such a decision, whether based on content or not.

3. In order to protect the interests of our clients and the objectivity of the Analysis, Admiral Markets has established relevant internal procedures for the prevention and management of conflicts of interest.

4. The analysis is prepared by an independent analyst, Carolina Caro, SEO implementer (hereinafter "Author") based on personal estimates.

5. While all reasonable efforts are made to ensure that all sources of content are reliable and that all information is presented, as much as possible, in an understandable, timely, accurate, and complete manner, Admiral Markets does not guarantee accuracy. or integrity of any information contained in the Analysis.

6. Any past performance or modelling of the financial instruments indicated in the content should not be construed as an express or implied promise, guarantee, or implication of Admiral Markets for any future performance. The value of the financial instrument may rise and fall, and the preservation of the asset's value is not guaranteed.

7. Leveraged products (including contracts for difference) are speculative in nature and may generate profit or loss. Before you start trading, make sure you fully understand the risks.