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Barclays Posts Weaker-Than-Expected Full-Year Earnings

Barclays posted weaker-than-expected full-year earnings Thursday and reduced its bonus pool as the U.K. lender came to the end of its ongoing restructuring program.

Barclays plc (BCS) - Get Barclays PLC Sponsored ADR Reportposted weaker-than-expected full year earnings Thursday and reduced its bonus pool as the U.K. lender came to the end of its ongoing restructuring program.

Barclays said full year pre-tax profits came in at £3.2 billion ($3.98 billion), missing analysts' estimates of a £3.9 billion bottom line but up from £1.15 billion in 2015. The bank also said it improved its CET1 capital, a measure of financial strength, by 100 basis points to 12.4%, well ahead of the 11.8% figure analysts were anticipating.

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