-- CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:
Barclays delivered solid Q1 2026 results with profit before tax of GBP2.81B (+3% Y/Y) and RoTE of 13.5%, in line with consensus expectations of GBP2.83B. Total income grew 6% to GBP8.16B, reflecting broad-based performance, with the Investment Bank achieving record quarterly income exceeding GBP4B (Global Markets up 6%, Banking fees up 17%) and U.K. businesses continuing growth with net interest income (NII) up 12%. We believe Barclays remains on track to achieve its targets given the momentum shown in Q1 2026, with all divisions achieving double-digit returns, including the U.S. Consumer Bank RoTE improving to 18.8% from 4.5%. Management reaffirmed all 2026 and 2028 financial targets, expressing confidence in achieving more than 12% RoTE in 2026 and more than 14% in 2028, supported by its diversified platform. Capital strength remains robust with a 14.1% CET1 ratio near the top of its 13%-14% target range, supporting the announced GBP500M share buyback following completion of the ongoing GBP1.0B program.