Barclays (LSE:BARC) investors weren't wowed by Tuesday's update, with shares slipping 3.3% to 413.25p, after the British bank announced a £500m share buyback and reiterated a £2bn dividend for 2026.
Barclays said the move sits within a progressive capital‑return policy and is underpinned by Q1 results including a 13.5% return on tangible equity, profit before tax of £2.8bn and a CET1 ratio of 14.1%.
The £500m buyback will be initiated following completion of the ongoing £1bn buyback announced at the FY25 results, and Barclays notes that executing the £500m would reduce the CET1 ratio at 31 March to 13.9%.
Barclays reiterated its 2026 targets, greater than 12% RoTE, semi‑annual dividend payments (including the planned £2bn for 2026) and a forward capital‑return ambition of more than £15bn for 2026-28, with buybacks to be announced quarterly.
