On Monday, Barclay’s PLC pleased investors with a solid performance for the first half of 2009, despite missing analysts’ estimates. The UK’s second largest lender said that net profit for its six month period ended June 30, 2009 rose 10% to GBP1.98B, below analysts’ estimates of GBP1.96B.
Still, Barclay’s shares soared 7.84% at the close of trading yesterday after the company reported that profits at its investment bank – Barclays Capital – more than doubled. It was helped by increased bond underwriting sales and higher customer volumes.
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