UK bank Barclays is due to report its first-quarter numbers on Thursday, April 25.
According to data firm Refinitiv, Barclays is expected to report a first-quarter net profit of 875.6 million pounds, as compared to the heavy losses of 764 million pounds reported in the first-quarter of 2018.
Earlier this year, Barclays reported a full-year net profit of £1.4 billion ($1.82 billion) for 2018, swinging back to the black after 2017 losses. The bank also set aside a Brexit provision of £150 million in its 2018 results.
However, the bank remains under pressure from its shareholders over its turnaround strategy. In February, U.S. hedge fund Tiger Global Management dumped all of its stake in Barclays. The New York-based hedge fund had been one of the top 10 investors in Barclays and held a stake of 2.5 percent.
Barclays' first-quarter numbers come at a time when the bank is also facing pressure from activist investor Edward Bramson forcing his way on to the board. Bramson's Sherborne Investors holds a 5.5 percent stake in the bank.
According to Reuters, Bramson wants Barclays to reduce resources allocated to its investment units.
Barclays' shares are down more than 21 percent over a 12-month period.
- Ferrari has launched its first plug-in hybrid, the super fast SF90 Stradale
- How Europe is becoming a booming tech hub
- EU/US Political parties are still struggling with basic cybersecurity
- Bids in Germany's 5G auction already more than 6 billion euros
- Top German auto boss joins board of U.S. self-driving software startup