0639 GMT - Barclays posted a solid first-quarter print despite unexpectedly topping up its provisions for the U.K. car loan redress plan and booking a charge for its exposure to the collapse of MFS, Citi says in a research note. The fact that the U.K. bank reiterated its 2026 guidance for cost-to-income ratio and return on tangible equity despite this, and a lower projected gain on its sale of its American Airlines credit card portfolio, implies a better underlying result for the year, analysts write. "Overall Barclays continues to successfully execute upon its strategic plan, but we expect to initially see a fairly muted reaction to these results, as divisional trends are mixed [and] expectations had moved higher after U.S. banks reporting," they add. (elena.vardon@wsj.com)

(END) Dow Jones Newswires

April 28, 2026 02:39 ET (06:39 GMT)

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