Consensus estimates

Below is the first quarter 2013 pre-restatement consensus for Barclays which has been adjusted on a consistent basis to ensure it is comparable with adjusted figures which will be published on 24 April.

Barclays

Q1 2013 Adj.
Consensus (£m)
Total income net of insurance claims

7,801
Impairment charges

(865)
Net operating income

6,936
Operating expenses excluding costs to achieve

(4,644)
Costs to achieve Transform*

(464)
Total operating expenses

(5,108)
Profit before tax

1,853 

*Costs to achieve represents the costs and investment needed to implement the Transform programme as announced by Antony Jenkins on 12 February 2013.

Investment Bank

Q1 2013 Adj.
Consensus (£m)
Total income

3,327
Impairment charges

(82)
Net operating income

3,245
Costs to achieve Transform 0
Total operating expenses

(1,971)
Profit before tax

1,297

Below is the full year 2013 pre-restatement consensus for Barclays which has been adjusted on a consistent basis to ensure it is comparable with adjusted figures to be published by Barclays in February 2014.

Barclays

FY 2013 Adj.
Consensus (£m)
Total income net of insurance claims

29,244
Impairment charges

(3,453)
Net operating income

25,791
Operating expenses excluding cost to achieve and UK bank levy

(17,837)
Costs to achieve Transform

(1,000)
UK bank levy (385)
Total operating expenses

(19,222)
Profit before tax  6,668
Basic earnings per share 35.8
Dividends per share

7.3 

Note: Consensus figures in the table above are line by line averages based on forecasts received. They may not sum exactly as not all forecasts received contain an estimate for each account line. 14 and 13 analyst forecasts are included in the Q113 consensus for the Group and the Investment Bank respectively. For full year 2013 consensus, 23 analysts are included.

The forecasts are produced by the contributing analysts and do not represent nor are based on Barclays’ opinions, estimates or forecasts. By presenting the consensus information above, Barclays does not endorse or concur with such analyst information, conclusions or recommendations. Barclays has not verified any of the information received and none of Barclays, its affiliates or their respective directors, officers and employees make any representation or warranty, express or implied, as to, or accept any responsibility for, the accuracy or completeness of the consensus information. Barclays does not assume any responsibility to update, revise or supplement such information.

This consensus summary is being provided for informational purposes only and is not intended to, nor does it, constitute investment advice or any solicitation to buy, hold or sell securities or other financial instruments. None of Barclays, its affiliates or their respective directors, officers and employees shall accept any liability whatsoever for the consequences of any reliance upon or actions taken based on any of the information in this consensus summary.

Contact

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