Barclays’ Surprising Growth Strategy: What’s Fueling Their Global Comeback? 

Barclays’ financial results for the third quarter of 2024 highlight a performance that aligns with the management’s strategic objectives, yet also presents certain challenges and uncertainties. The results showcase notable strengths in some divisions and areas that require attention. Positives in the results are led by strong Return on Tangible Equity (RoTE) figures, which stood at 12.3% for the third quarter and 11.5% year-to-date. This is coupled with an increase in tangible book value, reflecting robust organic capital generation and the impact of buybacks. Total income reached GBP 6.5 billion for the quarter, showing a 5% year-on-year increase, and GBP 19.8 billion year-to-date. The bank highlights income stability, supported by its structural hedge, despite a falling rate environment.