Barclays PLC (OTCPK:BCLYF)
$ 3.295 0.005 (0.15%) Market Cap: 48.19 Bil Enterprise Value: -92.67 Bil PE Ratio: 8.91 PB Ratio: 0.55 GF Score: 65/100
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Q3 2024 Barclays PLC Earnings Call Transcript

Oct 24, 2024 / 08:30AM GMT
Release Date Price: $3.16 (+4.64%)
Operator

Welcome to Barclays Q3 2024 results analyst and investor conference call. I will now hand over 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 us for Barclays' third-quarter 2024 results call.

As a reminder, as our investor updates in February, we set out a three-year plan to deliver a better run, more strongly performing and higher return in Barclays. I am encouraged by our progress three quarters in. We are continuing to execute in a disciplined way against this plan and are on track to achieve our 2024 as well as our 2026 targets.

Return on tangible equity was 12.3% in the third quarter and 11.5% year-to-date. We achieved this even as we improved tangible book value by GBP0.35 per share year-on-year. to 351p at the end of the quarter. This resulted from strong organic capital generation and the meaningful impact of buybacks in reducing our share count.

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