More on Barclays (BCS) Q1 earnings: The company missed overall expectations, but profit at its...

|About: Barclays PLC (BCS)|By:, SA News Editor

More on Barclays (BCS) Q1 earnings: The company missed overall expectations, but profit at its investment banking unit beat estimates thanks to the bank's cost-cutting efforts - which management says remain on track. "The Barclays thesis can't work unless the returns on the investment bank work, and we like the clear strategy," says Bernstein's Chirantan Baura. Shares -2% in London after initially popping nearly 5% higher.