February 25, 2021

Day: February 18, 2021

LONDON— Barclays PLC posted a profit in 2020 as buoyant securities trading made up for a lackluster performance in the U.K., where the bank expects pent-up savings to give the economy a boost as the coronavirus pandemic wanes.

Net profit at the London-based bank fell 38% from a year earlier to £1.53 billion, equivalent to $2.12 billion. Profit at Barclays’s corporate and investment bank rose 29% to £2.55 billion.

Barclays shares traded 2% lower on the results. The bank said it intends to pay a dividend for 2020 and buy back up to £700 million of shares. The proposed dividend

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