- Third-quarter impairments came to just £608m, against forecasts of £950m
- A strong outing from the investment bank also juiced profits
- Government support may have only delayed credit deterioration, the bank warns
IC TIP:
Hold
at
112p
When expectations are so low, the ability to pleasantly surprise increases. And so it has proved with Barclays (BARC), whose share price shot up 7 per cent after third-quarter numbers beat market profit forecasts and expected credit losses dipped 63 per cent.