Barclays' 2016 Net Income Improves on the Back of Lower Litigation and Conduct Cost
Barclays reported full-year 2016 net income on a group level of GBP 1.6 billion, versus a loss of GBP 394 million in 2015, mainly supported by lower litigation and conduct cost. While litigation and conduct cost declined this year, it is not all over for Barclays on the litigation cost side, as its residential mortgage-backed securities case with the U.S. Department of Justice has yet to be resolved, and this remains a downside risk to earnings. Following the full-year results, we maintain our f...
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