Fitch Ratings has upgraded NatWest Group PLC (LSE:NWG) across a number of key ratings across the lender's subsidiaries after the agency updated its bank rating criteria. The ratings agency raised the long-term issuer default ratings to ‘AA' from ‘AA-' of National Westminster Bank Plc, The Royal Bank of Scotland plc, NatWest Bank Europe GmbH, NatWest Markets Plc, NatWest Markets NV and The Royal Bank of Scotland International Ltd.
NatWest Group PLC (LSE:NWG) left analysts broadly split after first-quarter results that missed expectations but did little to dent confidence in the wider outlook. Deutsche Bank described the update as a “small miss”, pointing to weaker non-interest income, particularly in markets and debt capital markets, with total income excluding notable items around 2% below consensus.
Despite booking higher provisions, British bank NatWest Group still managed to post solid double-digit earnings growth last quarter. A more downbeat assessment of key U.K. macro indicators drove a 50% year-on-year rise in credit charges, though actual impairments remain modest. NWG's revenue continues to grow strongly thanks to the ongoing repricing of its deposit hedge.
NatWest Group PLC (LSE:NWG) shares fell 3.6% to 564p after the lender's first-quarter income was weaker than expected and the outlook was lifted less than expected. The UK lender reported total income of £4.2 billion, around 2% below market expectations, driven by a 7% shortfall in non-interest income.
The London-listed lender upgraded its outlook after total income for the first quarter climbed 9.5%, driven by loan volume growth and support from its structural hedge.
NatWest Group PLC (LSE:NWG) reported first-quarter profit ahead of expectations and upgraded its income guidance for 2026. Chief executive Paul Thwaite said: "We have started the year with positive momentum, underpinned by healthy customer activity - growing all of our three businesses, expanding our capabilities to meet more of our customers' needs and further improving productivity as we use AI at scale across the bank.
Investors need to pay close attention to NWG stock based on the movements in the options market lately.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does NatWest (NWG) have what it takes?
NatWest Group PLC (LSE:NWG), Lloyds Banking Group PLC (LSE:LLOY) and Barclays PLC (LSE:BARC) are expected to anchor a steady set of first-quarter results from the UK banking sector at the end of April, with analysts expecting steady earnings but a sharper focus on the outlook. Income is set to remain supported by higher interest rates, with RBC Capital Markets noting that recent moves in swap rates should “result in higher structural hedge income”, as markets have moved to factor in a potentially longer pause from the Bank of England due to inflation worries stemming from the war in Iran.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does NatWest (NWG) have what it takes?
Investors with an interest in Banks - Foreign stocks have likely encountered both NatWest Group (NWG) and HDFC Bank (HDB). But which of these two companies is the best option for those looking for undervalued stocks?
NatWest is selling its human resources advisory business Mentor to private equity-backed Empowering People Group, Sky News reported on Wednesday, as the British lender streamlines operations to focus on core banking and wealth management.