GO
Loading...

Barclays to announce $8.5 billion adjusted profit

U.K. bank Barclays announced adjusted profit before tax for 2013 of £5.2 billion ($8.5 billion) on Monday, ahead of its full earnings release on Tuesday.

The lender also said that statutory profit before tax would come in at £2.9 billion.

Barclays pre-released the data due to the Financial Times revealing the data in the diary section of Monday's publication, according to a person with knowledge of the situation. The bank released a brief statement to the London Stock Exchange at approximately 10.00 a.m. London time.

Shares of Barclays traded higher by 0.9 percent after the news.

Its adjusted pre-tax profit of £5.2 billion is below the £5.4 billion expected by analysts, according to Reuters. Last year, the figure rose 26 percent to £7.05 billion for the 12 months ended 31 December 2012.

By CNBC.com's Matt Clinch. Follow him on Twitter @mattclinch81

Banks

  • Discussing how the banking sector will benefit from increased volatility in 2015, with Thomas Michaud, KBW CEO.

  • Russia's central bank said it would will provide a mid-sized bank to with up to 30 billion rubles to stop it going bankrupt.

  • 'Market Meltdown' is a board-game with a financial twist; giving players a chance to experience their own financial crisis. Will Sorrell, founder of Clarendon Games and creator of 'Market Meltdown', discusses the game's appeal.