Investment Banking

Barclays’ profits surge as investment bank fights back

UK lender reports 182% profit rise for 2016, with its corporate and investment banking division ending on a high

Barclays’ profits surge as investment bank fights back
Photo: iStockPhoto

Barclays' trading and advisory revenues surged in the final three months of 2016, capping off a second-half recovery at its corporate and investment bank.

In a fourth-quarter and full-year results statement published today, Barclays said pre-tax profits across the whole group rose 182% in 2016 to £3.2 billion. The company's shares rose 5% in early morning trading to around 240 pence.

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