NATWEST GROUP (NWG)

Sector:

Banking

Index:

FTSE 100

306.80p
   
  • Change Today:
    -6.70p
  • 52 Week High: 326.40
  • 52 Week Low: 176.15
  • Currency: UK Pounds
  • Shares Issued: 8,725m
  • Volume: 16,507,323
  • Market Cap: £26,768m
  • RiskGrade: 62

NatWest Q3 profits slip amid 'challenging environment'

By Iain Gilbert

Date: Friday 28 Oct 2022

LONDON (ShareCast) - (Sharecast News) - UK bank NatWest said on Friday that profits had missed expectations, even as it continued to deliver a strong financial performance in the third quarter despite operating in a "challenging environment".
NatWest posted a third-quarter attributable profit of £187.0m and a return on tangible equity of 2.9%, as well as a "robust balance sheet" with strong capital and liquidity levels.

The FTSE 100-listed said provisions for bad loans were £247.0m, significantly higher than consensus estimates of £163.4m.

NatWest also altered its outlook for 2023, stating income will be higher but that it no longer anticipates costs will be "broadly stable given increased inflationary pressures".

The bank's net interest margin improved to 2.99%, slightly better than expected.

As of 0900 BST, NatWest shares were down 8.96% at 225.50p.



Reporting by Iain Gilbert at Sharecast.com

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

RBS Market Data

Currency UK Pounds
Share Price 306.80p
Change Today -6.70p
% Change -2.14 %
52 Week High 326.40
52 Week Low 176.15
Volume 16,507,323
Shares Issued 8,725m
Market Cap £26,768m
RiskGrade 62

RBS Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
86.90% above the market average86.90% above the market average86.90% above the market average86.90% above the market average86.90% above the market average
41.18% below the sector average41.18% below the sector average41.18% below the sector average41.18% below the sector average41.18% below the sector average
Price Trend
84.25% above the market average84.25% above the market average84.25% above the market average84.25% above the market average84.25% above the market average
17.65% above the sector average17.65% above the sector average17.65% above the sector average17.65% above the sector average17.65% above the sector average
Income
93.43% above the market average93.43% above the market average93.43% above the market average93.43% above the market average93.43% above the market average
6.67% above the sector average6.67% above the sector average6.67% above the sector average6.67% above the sector average6.67% above the sector average
Growth
71.27% above the market average71.27% above the market average71.27% above the market average71.27% above the market average71.27% above the market average
5.88% above the sector average5.88% above the sector average5.88% above the sector average5.88% above the sector average5.88% above the sector average

What The Brokers Say

Strong Buy 6
Buy 6
Neutral 3
Sell 1
Strong Sell 1
Total 17
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

RBS Dividends

  Latest Previous
  Final Interim
Ex-Div 14-Mar-24 10-Aug-23
Paid 29-Apr-24 15-Sep-23
Amount 11.50p 5.50p

Trades for 23-May-2024

Time Volume / Share Price
15:33 2,894 @ 306.85p
15:33 3,635 @ 306.80p
15:33 907 @ 306.80p
15:33 4,876 @ 306.80p
15:33 4,846 @ 306.80p

RBS Key Personnel

CEO Paul Thwaite
Chair Richard Haythornthwait

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