Aug 01, 2024 / 08:30AM GMT
Operator
Welcome to Barclays Half Year 2024 Results Analyst and Investor Conference Call. I will now handover to C.S. Venkatakrishnan, Group Chief Executive, before I hand over to Anna Cross, Group Finance Director.
C.S. Venkatakrishnan - Barclays PLC - Group Chief Executive, Executive Director
Good morning, everyone, and thank you for joining Barclays second quarter 2024 results call. At our investor update in February, we set out a three-year plan to deliver a better run, more strongly performing and higher returning Barclays. We are continuing to execute in a disciplined way against this plan and this is our second progress report.
Our second quarter and first half performance keeps pace with our 2024 and 2026 financial targets, which are: first, grow returns with a target return on tangible equity of above 12% in 2026; second, distribute more capital to shareholders, with a target of returning at least GBP10 billion between 2024 and 2026; and third, rebalance the bank, with a target to reduce RWAs in the Investment Bank from 58% of Group RWAs at the end of
Half Year 2024 Barclays PLC Earnings Call Transcript
Aug 01, 2024
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