Shares in Barclays, the UK’s second-largest bank, fell 5% on Tuesday despite healthy Q3 profits and reinstatement of its dividend after almost a year. Analysts said the decline was a reaction to the 31% quarterly fall in investment banking revenue to £3.7bn, although the Barclays Capital business – having acquired the US operations of Lehman Brothers – contributed a third of group profits. Barclays Q3 pre-tax profits were £1.56bn, compared with £1.61bn in Q2 and £2.8bn a year ago.

This entry was posted by Gwen Robinson on Wednesday, November 11th, 2009 at 4:50 and is filed under Capital markets. Tagged with barclays, Barclays Capital. Edit this entry.