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Waiting on Lloyds lyg after strong earnings from Barclays BCS



August 03, 2009 – Comments (0) | RELATED TICKERS: BCS , LYG

LONDON (MarketWatch) -- U.K. bank Barclays said Monday that its first-half net profit rose 10% as growth from its investment banking arm helped offset a weaker result in retail and commercial lending.

Barclays /quotes/comstock/23s!a:barc (UK:BARC 320.55, +18.25, +6.04%) /quotes/comstock/13*!bcs/quotes/nls/bcs (BCS 21.62, +1.08, +5.25%) reported a profit of 1.89 billion pounds ($3.16 billion) for the six months to June 30, compared to a profit of 1.72 billion pounds a year earlier. Total income net of insurance claims rose 37% to 16.25 billion pounds.

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