Q3 2021 Barclays PLC Earnings Call Transcript
Welcome to the Barclays Q3 2021 Analyst and Investor Conference Call. I will now hand over to Jes Staley, Group Chief Executive; and Tushar Morzaria, Group Finance Director.
Good morning, everyone. It's been another consistent quarter for Barclays. Tushar will take you through the numbers in more detail in a moment. But at a headline, let me say that I'm very pleased with our performance.
Our return on tangible equity for the group was 14.9% for the first 9 months of this year. We clearly expect now to deliver an RoTE above 10% for 2021.
Our profitability remains robust with year-to-date profit before tax of close to GBP 7 billion. This is our highest pretax profit level on record.
Earnings per share was 30.8p for the 9 months, and we remain in a strong capital position with a CET1 ratio of 15.4%, well above our targeted range of 13% to 14%.
We are managing our costs appropriately. Our cost-to-income ratio for the first 9 months of the year was 64%. And if you exclude structural cost actions, our cost-to-income ratio
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