Barclays targets FY28 RoTE of greater than 14%

The company said, “Capital returns: plan to return greater than GBP 15B of capital to shareholders between 2026 and 2028, through dividends and share buybacks. This provides capacity for additional investment and growth, exceeding the level of investment in the current plan; Income: greater than 5% compound annual growth rate 2025-2028; Costs: Group cost: income ratio of low 50s in percentage terms. Cost target includes total gross efficiency savings of c.GBP 2B in 2026-2028; Impairment: expect Group LLR of 50-60bps through the cycle; Capital: CET1 ratio target range of 13-14%, IB RWAs of c.50% of Group RWAs.”