Barclays swings back to profit in first quarter amid strategic overhaul

LONDON — Barclays on Thursday reported first-quarter net income attributable to shareholders of £1.55 billion ($1.93 billion), beating expectations and returning the British lender to profit amid a major strategic overhaul.Analysts polled by Reuters had expected net profit attributable to shareholders of £1.29 billion for the quarter, according to LSEG data.Net income for the first quarter 2023 was$1.78 billion.Barclays reported a net loss of £111 million in the fourth quarter of 2023 due to an operational ...