Feb 22, 2018

Barclays shares jump 6% after earnings report

Shares in Barclays have leapt by 6 per cent at the open as the bank's latest results were warmly received, despite a hit to profits from the sale of African operations and US tax reforms. They added: "We think the market will focus on Barclays attractive valuation and improving return profile". The Swiss bank has a buy recommendation on the stock. Investors appear to be taking a brighter view of Britain's banking stalwarts. Shares in Lloyds Bank also climbed on Wednesday despite the lender missing profit forecasts.

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