Barclays (LON:BARC)' stock value has descended to its lowest point since March, due to anticipated restructuring charges in the fourth quarter and a downgraded net interest margin outlook for its UK division. The bank's executives predict a further contraction in the net interest margin in Q4.
These one-off costs are part of a strategy aimed at reducing structural overheads and boosting future returns. Despite the financial challenges, Barclays remains committed to a 10% return on tangible equity target for the year, excluding these costs.
The bank plans to discuss its progress on cost efficiencies, the implementation of disciplined capital allocation, and adjustments to financial objectives during the release of full-year results in February.
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