NatWest: Another Exceptional Quarter
Shares of NatWest have continued their strong run, outperforming the wider European financials space by around 17 points since my last piece back in May. The second quarter's results were impressive. While provisioning drove much of the bottom-line beat, net interest income and pre-provision earnings were also stronger than expected. These shares aren't expensive if you accept management's medium-term financial targets, but with U.K. peer Lloyds at a similar valuation, I prefer it to NatWest at this point.
NatWest retail offer cancelled by new chancellor
New chancellor Rachel Reeves said she is abandoning the previous government's plans to sell the remaining taxpayer-owned shares in NatWest Group PLC (LSE:NWG) via a retail offer. Earlier this month, the state's shareholding in the lender fell below 20% after a series of sales this year and last.
NatWest Group up 2.5% as analysts have their say in Q2 earnings beat
NatWest Group PLC (LSE:NWG) shares were up 2.5% in afternoon trading as analysts provided their assessment of Friday's better-than-expected second-quarter results. Berenberg raised its share price target to 415p from 350p and restated its 'buy' recommendation, stating the numbers left 'plenty in the tank'.
NatWest Group PLC (NWG) Q2 2024 Earnings Call Transcript
NatWest Group PLC (NYSE:NWG ) Q2 2024 Results Conference Call July 26, 2024 4:00 AM ET Company Participants Paul Thwaite - Chief Executive Officer Katie Murray - Chief Financial Officer Conference Call Participants Raul Sinha - JPMorgan Alvaro Serrano - Morgan Stanley Andrew Coombs - Citi Jason Napier - UBS Aman Rakkar - Barclays Benjamin Toms - RBC Chris Cant - Autonomous Guy Stebbings - BNP Paribas Edward Firth - KBW Operator Good morning, and welcome to the NatWest Group H1 Results 2024 Management Presentation. Today's presentation will be hosted by CEO, Paul Thwaite; and CFO, Katie Murray.
NatWest raises full-year profit forecast after smashing expectations
NatWest Group PLC (LSE:NWG) had raised its profit forecast for 2024 after hitting its financial targets in the first half of the year. The lender now expects full-year income to come to £14 billion, a notable bump from previous forecasts of between £13 billion and £13.5 billion.
NatWest share price forecast after Lloyds Bank earnings
NatWest (LON: NWG) share price has done well this year, making it one of the best performers in the FTSE 100 index. It has risen by over 50%, beating the likes of Lloyds Bank, HSBC, and Barclays Banks.
Lloyds, NatWest and rivals to ramp up cash services under new rules
Banks and building societies will be required to make sure local communities have adequate access to cash as part of new regulations from the Financial Conduct Authority (FCA). Starting from 18 September, lenders must assess whether local areas lack essential services such as branches and ATMs and take action to address any significant gaps.
NatWest and HSBC good income bets, suggests broker
UK banks NatWest Group PLC (LSE:NWG) and HSBC Holdings PLC (LSE:HSBA) look good currently for investors looking for income, according to Shore Capital. Based on the broker's income screen, the UK bank sector scores strongly based on modest valuations and attractive yields.
NatWest stake cut below 20% as government sells more shares
The UK government has sold another chunk of its stake in NatWest Group PLC, bringing the shareholding to below 20%. According to a regulatory filing this morning, UK Government Investments Ltd reduced the stake to 6,645,166,452 shares, or 19.97%, down from 20.92% before.
Are You Looking for a Top Momentum Pick? Why NatWest Group (NWG) is a Great Choice
Does NatWest Group (NWG) have what it takes to be a top stock pick for momentum investors? Let's find out.
NatWest and Barclays top UK banking picks of US investment bank, Lloyds could struggle
JP Morgan analysts have reiterated their positive outlook on UK banks, particularly highlighting Natwest Group PLC and Barclays PLC (LSE:BARC) as top picks in the sector. After meetings with senior leadership for the leading operators, it highlighted the duo because of their resilient profit margins, strong cash generation, and high returns.
NatWest dream may differ from reality, says US investment bank
Referring to NatWest Group PLC (LSE:NWG)'s simplification plans under new CEO Paul Thwaite, investment bank Keefe Bruyette & Woods (KBW) concluded that "executing this dream may prove more difficult than the spreadsheet suggests". During a presentation to KBW's sales force, NatWest emphasised its transition from extensive restructuring to focusing on routine business operations.
