Barclays has raised its financial targets after reporting a strong performance in the second quarter, led by growth in its global markets division and investment banking fees. The British lender posted a pretax profit of £3.25 billion ($4.32 billion) for the quarter, up from £2.48 billion in the same period last year and surpassing analysts’ expectations.

Total income for the quarter reached £8.34 billion, a rise from £7.19 billion a year earlier and above market forecasts. Reflecting this momentum, Barclays has increased its group income target for the full year to £31.5 billion, up from the previous target of £31 billion. The bank also revised upward its net interest income target—excluding contributions from the Investment Bank and Head Office—to more than £13.7 billion, compared with the prior target of over £13.5 billion.

The improved results come as Barclays benefits from an improving broader financial environment and continued demand for its market and advisory services. The bank’s strong second-quarter showing suggests positive momentum as it navigates evolving market conditions and seeks to capitalize on growth opportunities across its business segments.