Barclays PLC BCS reported a 38% decline in its first-half net profit.
Barclays net profit dropped to 1.5 billion pounds ($2.45 billion). Barclays' pretax profit declined 33% to 2.64 million pounds. On an adjusted basis, Barclays' pretax profit climbed 24% to 3.68 billion pounds. However, analysts were expecting a pretax profit of 2.43 billion pounds.
Barclays shares fell 1.44% to close at $14.35 yesterday.
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