22 October 2025
If you are covering Barclays’ latest results, please see the following comment from Will Howlett, financials analyst at Quilter Cheviot:
“Barclays delivered a robust and reassuring set of results amidst the ongoing concerns in the US about private credit and the potential for further risks after the blow ups of First Brands and Tricolor. While taking a charge with regard to the latter, the broader picture looks more benign with Barclays reiterating its 50-60 bps loan loss guide through the cycle.
“The bank did top up its provision to over costs regarding the car finance scandal by £235m, to £325m, but despite that the business looks in good shape. Guidance has been edged higher and marks a waypoint to further targets being set out at its full year results announcement. And the good news appears to continue for investors as Barclays also announced a new £500m share buyback, surprising the market and also moving these to quarterly announcements.
“These results put Barclays ahead of the targets it has set with regards to return on tangible equity. With its valuation remaining attractive, it is looking to be one of the best positioned UK banks out there just now. Clearly there are some risks lurking, with the US credit story not yet finished and the UK Budget looming. But Barclays has capitalised itself well and put itself in a position to weather these incoming storms.”
