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Barclays reports 2018 profit of 3.5 billion pounds, missing estimates

Barclays reports 2018 profit of 3.5 billion pounds, missing estimates
FILE PHOTO - The logo of Barclays bank is seen at its office in the Canary Wharf business district of London April 1, 2013. REUTERS/Chris Helgren/File Photo -
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LONDON (Reuters) - Barclays reported a lower-than-forecast attributable profit of 3.5 billion pounds for 2018, as it took a 150 million pound provision against Brexit losses and its under-pressure investment bank weathered a difficult fourth quarter.

The bank's profit of 1.4 billion pounds when conduct and litigation charges were included compared to a 1.9 billion pounds loss in 2017.

Barclays' International division, which houses its investment bank, reported a profit before tax of 3.9 billion pounds, in line with analysts' expectations of 3.95 billion pounds.

Barclays paid a dividend of 6.5 pence per share.

(Reporting By Lawrence White and Iain Withers, editing by Sinead Cruise)

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