Barclays Q4 attributable profit 681 million poundsChristian Fernsby ▼ | February 13, 2020
Barclays reported today that its fourth-quarter profit before tax climbed to 1.10 billion pounds from last year's 374 million pounds.
Barclays Excluding litigation and conduct, profit before tax was 1.26 billion pounds
Excluding litigation and conduct, profit before tax was 1.26 billion pounds, compared to 434 million pounds a year ago.
Total income grew to 5.30 billion pounds from 5.07 billion pounds last year. Net interest income increased to 2.34 billion pounds from prior year's 2.30 billion pounds.
Looking ahead, the company said it continues to target >10% RoTE. However, given global macroeconomic uncertainty and the current low interest rate environment, it has become more challenging to achieve this in 2020. Notwithstanding these headwinds, the company believes it can achieve a meaningful improvement in returns in 2020. ■