Core Viewpoint - Barclays is expected to achieve relative outperformance in its shares by 2026 due to several key growth drivers and strategic initiatives Group 1: Growth Drivers - The U.K. business is projected to grow loans at a compound annual growth rate (CAGR) of over 5% [2] - The markets business is successfully navigating current volatility, contributing to overall performance [2] Group 2: Financial Metrics - Cost income ratio is on track to reach the low 50s by 2028, indicating improved efficiency [2] - The cost of risk is expected to remain between 50 and 60 basis points, reflecting stable risk management [2] Group 3: Capital Distribution - Capital distribution is anticipated to exceed the target of over GBP 15 billion by 2026 and 2028 [2]