Barclays has reported a first-quarter profit above expectations, hailing a resilient performance from its consumer bank.
The bank reported pre-tax profit of £2.6bn, above the average analyst forecast of £2.2bn, and higher than the £2.2bn it reported at the same time last year.
CS Venkatakrishnan, Barclays group chief executive, said the results showed a “strong” first quarter, adding: “The momentum across the group allows us to maintain a robust capital position, deliver attractive returns to shareholders and support our customers and clients through an uncertain economic environment.”
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