Name: Barclays beats forecasts, though profits halve
Uploaded: 2021-02-18T18:40:04.000Z
Duration: 59 s
Description: Thousands of YouTube videos with English-Chinese subtitles! Now you can learn to understand native speakers, expand your vocabulary, and improve your pronunciation...

Barclays profits fell much less than expected.

For 2020 they dropped to about $4.3 billion.

The lender was helped by a strong year for its investment bank.

As a result, Barclays shares still tumbled, though down over 3.5% by early afternoon.

Investors noted the banks vague outlook for the year, which gave no set profit targets.

Barclays would only say it's returns are set to improve meaningful E.

Some industry watchers also question whether the investment banks strong performance can last.

Barclays, meanwhile, warned that its loss making consumer business was still under pressure.

 Even so, analysts say the forecast beating numbers bode well for other UK banks set to report in the coming days. 

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Barclays beats forecasts, though profits halve

improve

vague

expect

resume