Barclays Trims 2023 UK Net Interest Margin View After 3Q Income Missed Expectations

Barclays lowered its U.K. net interest margin guidance for 2023 and posted lower-than-expected third-quarter income growth, with income at its corporate and investment bank missing expectations.

The British bank on Tuesday said its now expects a net interest margin for Barclays UK of between 3.05% and 3.10% for the year. It had lowered its 2023 margin guidance to no more than 3.20% at its half-year results in July with a view of around 3.15%.