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

Q3 2021 Barclays PLC Earnings Call Transcript

Oct 21, 2021 / 08:30AM GMT

Release Date Price: $11.05 (-1.69%)

Transcript

Operator

Welcome to the Barclays Q3 2021 Analyst and Investor Conference Call. I will now hand over to Jes Staley, Group Chief Executive; and Tushar Morzaria, Group Finance Director.

James Staley

Good morning, everyone. It's been another consistent quarter for Barclays. Tushar will take you through the numbers in more detail in a moment. But at a headline, let me say that I'm very pleased with our performance.

Our return on tangible equity for the group was 14.9% for the first 9 months of this year. We clearly expect now to deliver an RoTE above 10% for 2021.

Our profitability remains robust with year-to-date profit before tax of close to GBP 7 billion. This is our highest pretax profit level on record.

Earnings per share was 30.8p for the 9 months, and we remain in a strong capital position with a CET1 ratio of 15.4%, well above our targeted range of 13% to 14%.

We are managing our costs appropriately. Our cost-to-income ratio for the first 9 months of the year was 64%. And if you exclude structural cost actions, our cost-to-income ratio

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