Barclays Plc, the UK's second biggest bank by assets, said third-quarter profit unexpectedly rose in the third quarter as the bank set aside £500 million ($799 million) to settle probes into currency markets. Adjusted pretax profit rose to £1.59 billion from £1.39 billion in the year-earlier period, the London-based bank said in a statement on Thursday. That beat the 1.1 billion-pound average estimate of seven analysts surveyed by Bloomberg. Pretax profit in the investment bank dropped to £284 million from £465 million a year earlier. bloomberg
Visa profit beats estimates
Visa Inc, the world's largest payments network, posted fiscal fourth-quarter profit that beat analysts' estimates as customer spending abroad improved. Shares climbed as much as 4.7 per cent in extended trading. Net income for the period ended September 30 fell 10 per cent to $1.07 billion, or $1.72 a share, from $1.19 billion, or $1.85, a year earlier, the Foster City, California-based company said on Wednesday in a statement. Adjusted profit, which includes a litigation expense, was $2.18 a share, topping the $2.10 average estimate of 32 analysts surveyed by Bloomberg.
