NatWest at 13-year high after momentum prompts broker target upgrade
NatWest Group PLC (LSE:NWG) shares have hit a 13-year high and returned to levels not seen since the bank was grappling with the fallout from the global financial crisis and its government bailout. A share price target upgrade by Peel Hunt on Monday prompted the lender to climb as high as 389.3p, a level last seen in 2011.
The economic data this week were all surprising to the upside, says NatWest's Michelle Girard
Michelle Girard, NatWest head of U.S. coverage and CEO of NatWest Markets Securities, joins 'Squawk Box' to preview the October jobs report, state of the economy, impact of the 2024 election, and more.
NatWest tide of upgrades continues with Canadian bank latest to raise target
Natwest Group is continuing to get upgrades following its forecast-busting results last Friday. Canadian bank RBC today upgraded its target to 390p from 365p though it still only expects the bank to perform in line with the sector.
NatWest Group: Strong Q3 Earnings And An Improved Outlook (Rating Upgrade)
NatWest Group plc has been a strong performer this year, returning around 80% including dividends. Third-quarter results were strong, with the bank beating consensus on most key lines. Structural hedge income remains a major tailwind over the next couple of years.
Mortgage rates dip after NatWest among latest to cut
Mortgage rates fell slightly this week as lenders mulled the path the UK base interest ahead. According to Moneyfacts, average two-year fixed mortgage rates sat at 5.3921% come Friday, against 5.4113% at the start of the week.
NatWest Group plc (NWG) Q3 2024 Earnings Call Transcript
NatWest Group plc (NYSE:NWG ) Q3 2024 Earnings Conference Call October 25, 2024 4:00 AM ET Company Participants Paul Thwaite - Group Chief Executive Officer Katie Murray - Group Chief Financial Officer Conference Call Participants Guy Stebbings - BNP Paribas Exane Chris Cant - Autonomous Benjamin Toms - RBC Aman Rakkar - Barclays Alvaro Serrano - Morgan Stanley Jonathan Price - Jefferies Benjamin Caven-Roberts - Goldman Sachs Robert Noble - Deutsche Bank Andrew Coombs - Citi Amit Goel - Mediobanca Ed Firth - KBW Jason Napier - UBS Operator Good morning, and welcome to the NatWest Group Q3 Results 2024 Management Presentation. Today's presentation will be hosted by CEO, Paul Thwaite; and CFO, Katie Murray.
NatWest Group up 4.5% after earnings beat; brokers upbeat
NatWest Group PLC (LSE:NWG) shares rose 4.5% in early trading after the bank raised its annual forecast, reflecting strong performance in the UK banking sector. The boost follows a 26% increase in third-quarter profit, attributed to expanded lending and stable margins despite lower central bank rates.
NatWest earnings beat forecasts; upgrades outlook
NatWest Group PLC (LSE:NWG) confirmed the UK banking sector is in rude health as it followed Barclays PLC (LSE:BARC) by upgrading its outlook. It did so on the back of a 26% increase in third-quarter profit, driven by expanded lending and stable profit margins despite declining central bank rates.
NatWest third quarter profit rises 25%
NatWest reported a 25% rise in third quarter profit after a better than expected performance against intense competition in the mortgage market and falling interest rates that are squeezing lending margins.
Natwest and consumer confidence updates top Friday's agenda
Margins and impairments will be the focus of NatWest's update
NatWest share price has double-topped ahead of earnings
NatWest (NWG) share price has done well this year as the UK economy has remained more resilient than expected. It jumped to the year-to-date high of 365.2p in July, and then retreated to 303p as the Japanese yen carry trade unwind happened in August.
Lloyds the most preferred share among UK lenders for this investment bank
UK bank shares, especially Lloyds Banking Group PLC (LSE:LLOY) and NatWest Group PLC (LSE:NWG), have "still more to go" once this round of earnings and next week's Budget are out of the way. That is the view of Deutsche Bank, where analysts hiked share price targets across the FTSE 100 lenders, with the Lloyds Banking target lifted to 83p from 64p (last close at 62p) and NatWest to 460p from 350p (last close 358.7p), while Standard Chartered PLC was also given a big increase to 970p from 825p.
