Barclays PLC (NYSE:BCS)
$ 13.4006 -0.0494 (-0.37%) Market Cap: 48.42 Bil Enterprise Value: -94.08 Bil PE Ratio: 9.12 PB Ratio: 0.54 GF Score: 68/100
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Half Year 2019 Barclays PLC Fixed Income Analysts and Investors Earnings Call Transcript

Aug 01, 2019 / 02:00PM GMT
Release Date Price: $7.36 (-1.60%)
Operator

Welcome to the Barclays Half Year 2019 Results Fixed Income Conference Call. I'll now hand you over to Tushar Morzaria, Group Finance Director.

Tushar Morzaria
Barclays PLC - Group Finance Director & Executive Director

Good afternoon, everyone, and welcome to our fixed income investor call for our half year 2019 results. I'm joined today by Kathryn McClellan, our Group Treasurer.

Let me start with Slide 3 and make a brief comment on our Q2 '19 performance and our targets before handing over to Kathryn.

We generated a profit before tax of GBP 1.5 billion in the quarter with a statutory RoTE of 9%, supported by double-digit returns for both Barclays U.K. and Barclays International of 12.7% and 10.7%, respectively, despite the challenging income environment.

As we mentioned on the call this morning, we continue to target an RoTE for 2019 of over 9%, excluding litigation and conduct, and we called out that cost control will be a continued focus of the management team through the second half.

We've reduced our 2019 cost

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