LONDON, April 27 (Reuters) - Barclays reported aworse than expected 33 percent slump in pretax profits for thefirst three months of the year, as the lender followed its U.S.peers in reporting falling investment banking revenues in a weakglobal market environment.
Barclays said first quarter profits fell to 793 millionpounds ($1.15 billion), just below the average forecast of 846million pounds from analysts polled by the company.
The bank reported an attributable profit of 433 millionpounds for the quarter, down 7 percent.
Barclays had flagged the poor performance in its investmentbanking division, warning on Apr. 5 that it expected weakresults in the unit compared to the same period in 2015.($1 = 0.6870 pounds) (Reporting By Lawrence White and Andrew MacAskill, editing bySinead Cruise)
Barclays (BARC)
