 "barclays")
Barclays reported a record annual profit for 2021 and returned 2.5 billion pounds to shareholders via dividends and buybacks, as bad loan charges plunged and its investment bank continued its strong recent performance.
The British lender on Wednesday reported a pretax profit of 8.4 billion pounds ($11.42 billion), above analyst expectations and nearly tripled from 3.1 billion pounds a year ago. The bank's shares rose 4% in early trading.
It follows a run of vastly improved results for British lenders, after HSBC reported it had more than doubled its annual profits on Tuesday.
Barclays said it would buy back 1 billion pounds
Disclaimer: No Business Standard Journalist was involved in creation of this content
