Barclays equity revenues up 47% amid decline in fixed income
BCS Barclays plc ADR
$22.60 +1.21%
View chart & analysis → - 1Barclays reported 1.01 billion pounds ($1.4 billion) in fixed income and currency trading revenue for the third quarter, representing a 19% year-on-year decrease.
- 2Barclays recorded a 47% increase in equity trading revenue for the third quarter.
- 3Barclays will cut 5,000 jobs, representing approximately 5% of its workforce this year.
So what's the key point?
Barclays equity trading revenue rose 47%, but fixed income and currency trading revenue fell. The company plans to eliminate 5,000 jobs by reducing its workforce.
Source Bloomberg · View original ↗
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