Barclays (BCS) Q4 Earnings Down, Strategic Overhaul Announced

Barclays (BCS) reported a fourth-quarter 2023 adjusted net income attributable to ordinary equity holders of £628 million ($779.7 million). This excluded structural cost actions pre-tax charges of £927 million.Shares of the company jumped almost 7.4% in pre-market trading following the earnings release as investors cheered the business structural overhaul plan and medium-term financial targets.The company recorded lower revenues, along with a rise in credit impairment charges. Operating expenses increased i ...