DAVID BUIK | BGC PARTNERS
The profits were quite a bit better than expected. The pre-tax profit was £6.07bn against expectations of £5.7bn. The net for year was £3.56bn against £3.2bn. Tier one capital came in at a pleasing 10.8 per cent up from 10 per cent.
RICHARD HUNTER | HARGREAVES LANSDOWN
Barclays has opened the bank reporting season in some style, exceeding analyst estimates despite a challenging 2010. In all, the results are representative of something of a return to normality.
ARTURO DE FRIAS | EVOLUTION
Bob Diamond’s performance today was extremely polished. But Barclays’ 2011 net asset value, excluding the pension deficit, is 330p. The stock is at the top of the trading range and we would ‘sell’ on strength.