Barclays Publishes Q3 2026 Results Sell-Side Analyst Meeting Transcript

By Public Technologies
  • Barclays held its Q3 2026 sell-side analyst meeting on November 10, attended by Group Finance Director Anna Cross, treasury executives and analysts.
  • Cross expects net interest income growth into 2027, with emerging consensus for Group and UK net interest income broadly appropriate.
  • Costs are expected around £18.4 billion in 2027, with investment spending accelerated; the 2028 cost-to-income ratio target remains in the low 50s.
  • The UK banking surcharge increase should add £100 million to 2027 taxes, partly offset by a £75 million benefit in Q4 2026.
  • Fourth-quarter fixed-income trading conditions remain difficult, though several positioning issues from late Q3 have worked through.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Barclays plc published the original content used to generate this news brief on November 10, 2026, and is solely responsible for the information contained therein.

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.