巴克莱Q3：股票交易收入飙升47%创2009年来新高，但FICC下滑19%拖累投行整体略不及预期

Barclays Plc’s equities traders beat expectations with a 47% jump in revenue, offsetting a disappointing few months on the bank’s bond desk.

The equities team brought in revenue of £1.01 billion ($1.4 billion) in the three months through September. That was the best performance since at least 2009, the year after Barclays acquired the North American business of Lehman Brothers.

Barclays credited its investment in prime brokerage — where banks offer hedge funds and other clients financing, custody and matchmaking between funds and investors — as well as equity derivatives.

Macro traders had a tougher quarter, and revenue from fixed income and currency trading fell 19% on a year ago to £1.01 billion, behind analyst expectations compiled by Bloomberg.

It follows weak results in FICC at peers including JPMorgan Chase & Co., Goldman Sachs Group Inc.and Bank of America Corp.as they dealt with the impact of rising interest rates, which can push down the value of existing debt and crimp demand from clients to transact.

That meant overall the investment bank slightly missed expectations with total income of £3.13 billion.

Still, the bank stuck to its targets for the coming years, and its lending business and operating expenses were largely as expected. Investors are watching the bank’s cost control after it reported disappointingly high expenses in its half-year earnings, despite a fresh cost-cutting program announced in February.

“With one quarter to go before the end of our original three-year plan, we have either achieved or are on track to achieve all of our 2026 group targets. We are confident in and committed to the 2028 targets that we laid out earlier in the year,” Chief Executive Officer CS Venkatakrishnan said in a statement.

The British bank’s retail business reported pretax income of £955 million, slightly ahead of estimates and flat year-on-year. UK lenders are bracing for a rise in taxes on their earnings as part of the Labour government’s budget next week, which would use the proceeds to fund cost-of-living relief for households.