Barclays Will Round Out Big Bank Earnings This Week

For the most part, global banks have reported strong earnings. Here is a look at how some of Barclays' peers performed in their earnings report.

Bank of America Corp BAC smashed estimates when its earnings per share came in nearly 25 percent higher than expected while its revenue grew nearly 3 percent.

Related Link: How Did The Big 4 Do In Q3?

JPMorgan Chase & Co. JPM beat its earnings per share estimate by more than 13 percent, and Citigroup Inc C exceeded its expectations by nearly 14 percent even though revenue fell 4.81 percent. Finally, Wells Fargo & Co WFC's earnings exceeded expectations by around 2 percent.

U.K. Business, Barclays Card In Focus

Christopher Wheeler, a bank analyst at Atlantic Equities, was a guest on Bloomberg TV to discuss European banks.

According to Wheeler, Barclays is in a solid position, at least compared to its European peer Deutsche Bank AG (USA) DB. Specifically, Barclays boasts two resilient business segments, the first is its U.K. retail segment that is a 20 percent ROE business and its global card business, which also offers a very high return.

When Barclays reports its earnings on Thursday, the company should be a beneficiary of Deutsche Bank's lost business given its bigger presence in the United States.

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