Barclays (LSE:BARC) produced a first‑quarter performance that Shore Capital Markets described as solid and broadly in line.
Shore noted profit before tax matched consensus even after a £0.2bn one‑off charge linked to MFS and an additional £0.1bn motor‑finance redress, and said return on tangible equity was 13.5%, consistent with guidance and supported by double‑digit returns across all divisions.
The broker's read is that underlying divisional performance was robust enough to offset roughly £0.3bn of one‑offs and keep reported results aligned with market expectations.
