Barclays profit misses after investment bank comes up short

Barclays missed profit expectations in the third-quarter after its investment bank lagged behind forecasts despite a boost on the trading desks. The FTSE 100 bank reported a £2.3bn pre-tax profit for the three months to end September, narrowly missing internal consensus of a £2.4bn haul, though up 12 per cent year-on-year. It came as total income at its investment bank a key revenue-raising engine of the group came in at £3.1bn, compared to a £3.3bn forecast. The division grew just one per cent from the same period in 2025. Barclays equities division followed a similar pattern on Wall Street, soaring 47 per cent to £1bn on the back of the market volatility triggered by the US-Iran war. But fixed income tumbled 19 per cent year-on-year to just over £1bn following lower client activity in rates and credit as well as macroeconomic headwinds. CS Venkatakrishnan, Barclays chief executive who is known as Venkat, has implemented an overhaul of the group s investment bank