LONDON, April 30 (Reuters) - Barclays ( BCS ) reported
its first quarter profit rose a better than expected 19% on
Wednesday, as frenzied customer activity in the first three
months of the year boosted fixed income trading revenue and
dealmaking fees.
The British bank reported profit before tax for
January-March of 2.7 billion pounds ($3.62 billion), up from 2.3
billion pounds a year ago and above analysts' forecasts for 2.5
billion pounds according to LSEG data.
Income at the lender's investment bank rose 16% from a
year ago to 3.9 billion pounds in the first quarter, above
analysts' forecasts for 3.5 billion pounds.
($1 = 0.7469 pounds)