Oct. 31 (Bloomberg) -- Barclays Plc, Britain’s second- biggest bank by assets, reported a quarterly profit that beat estimates as earnings at the U.K. consumer bank more than doubled and investment bank revenue declined by less than European rivals.
Pretax profit before debt valuation adjustments in the three months to Sept. 30 increased by 5 percent to 1.3 billion pounds ($2.1 billion) from 1.27 billion pounds a year earlier, the London-based company said in a statement today. That beat the 1.24 billion-pound median estimate of 10 analysts surveyed by Bloomberg. Revenue at the Barclays Capital investment banking unit fell 15 percent to 2.25 billion pounds in the period.
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