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via finance.yahoo.comBusiness & Companies

Barclays pretax profit jumps 12% in third quarter, launches £500m buyback

FROM THE WIRE · FINANCE.YAHOO.COM

Investing.com -- Barclays said Thursday that third-quarter profit before tax rose 12% to £2.3 billion, roughly in line with analyst estimates, and announced a new share buyback of up to £500 million. Still guessing which stocks will beat the market? Our AI portfolio updates…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishProfit in line with estimates and a new 500 million buyback support the shares.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Pretax profit rose 12% to 2.3 billion pounds, roughly in line with estimates.
  2. 02A buyback of up to 500 million pounds was announced.
  3. 03Earnings per share rose 18% to 12.3 pence.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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Breaking live stories come from third-party newswires via feed; headline and summary belong to the stated source. Impact analysis: UCapital AI · News Impact.

AI use policy. UCapital AI supports the newsroom with news analysis, summaries, market reactions, translations and the generation of cards and charts. AI-generated or AI-assisted content is labelled in the byline (AI Desk, a named AI profile marked «AI», or joint byline) and is reviewed by editors before publication. News received via API feeds from third-party providers is attributed to the original source. AI can make mistakes: report any inaccuracies to the newsroom. Users’ personal data is not used to train the models.