Barclays sets bold profit targets even as weak Q3 saps share price

London

BARCLAYS set a bold new timetable for achieving profitability targets on Thursday, despite a weak third-quarter performance in investment banking where chief executive Jes Staley is focusing on growth.

Mr Staley has championed investment banking amid calls from some analysts and investors to ditch a business which has in recent years struggled to match the profitability of Barclays' more mundane retail and credit card units.