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