Barclays Outlines Returns Targets to 2026
Provided by
Dow Jones
By Elena Vardon
Barclays is targeting a return on tangible equity greater than 10% for 2024 and greater than 12% for 2026, the British lender said ahead of its awaited strategy update.
The bank intends to return at least 10 billion pounds ($12.60 billion) of capital to shareholders between 2024 and 2026 through dividends and share buybacks, it said on Tuesday.
The London-listed group also outlined a reorganization of the business in five operating divisions.
Write to Elena Vardon at elena.vardon@wsj.com
(END) Dow Jones Newswires
February 20, 2024 02:34 ET (07:34 GMT)
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