Barclays Plc’s traders cashed in on the recent market turbulence, helping the bank beat earnings estimates as it upgraded some of its guidance for the year.
Stock traders brought in £963 million ($1.3 billion) in the three months through March, up 9% on a year ago and the best quarterly haul in almost three years, the bank saidBloomberg Terminal Wednesday. The fixed-income and currencies desk made £1.7 billion, up around a fifth to top the performance of its Wall Street rivals.