Barclays shares fall 6% as profits disappoints

Total pre-tax profit of £1.1bn

Shares in Barclays have fallen 6% this morning after the firm's investment banking profits failed to meet analysts' expectations.

In its third quarter results, the firm said pre-tax profit at the investment banking arm was £652m, down from £1.2bn in the second quarter. Total pre-tax profit was £1.1bn, 32% higher than last year, as a result of lower operating expenses. However, this figure came in below analysts' expectations of £1.4bn.  Meanwhile, profits over the last nine months were up 19% to £3.4bn.  Barclays launches impact fund of funds However, despite the positive numbers, investors were disappointed with the results, and selling activity sent shares in the firm tumbling 6.4% in morning trading to ...