CS Venkatakrishnan | Group Chief Executive |
Anna Cross | Group Finance Director |
Alvaro Serrano | Morgan Stanley |
Joseph Dickerson | Jefferies |
Jonathan Pierce | Numis |
Rohith Chandra-Rajan | Bank of America |
Omar Keenan | Credit Suisse |
Chris Cant | Autonomous |
Martin Leitgeb | Goldman Sachs |
Edward Firth | KBW |
Guy Stebbings | BNP Paribas Exane |
Adam Terelak | Mediobanca |
Rob Noble | Deutsche Bank |
Fahed Kunwar | Redburn |
Good morning, everyone, and thank you for joining us today. I am pleased to report another strong quarter extending the robust operating performance that Barclays has delivered so far this year. In the third quarter, profit before taxes was £2 billion, generating a return on tangible equity of 12.5% and an earnings per share of 9.4p. This leaves us in a good position to deliver our full year statutory return on tangible equity target of above 10%. I would like to highlight, in particular, the strength and consistency of our results as we continue to execute on our business.