NatWest Group: A Dip Worth Buying (Upgrade)
NatWest Group delivered strong Q4 and FY25 results, with revenue and earnings easily clearing sell-side consensus. NWG's structural hedge continues to boost net interest income, with management guiding for growing hedge income through 2030. The £2.7 billion Evelyn Partners acquisition will more than double NatWest's AUMA while also diversifying its revenue away from net interest income.
NatWest Sets Out Performance Targets After Quarterly Beat
NatWest guided for further income growth and profitability this year as it reported fourth-quarter results that beat expectations.
Natwest Group reports stronger profit, bank pledges to boost shareholder returns
NatWest Group PLC told investors that 2025 profit and income rose sharply, allowing it to hike shareholder returns again and tee up a fresh £750 million share buyback for the first half of 2026, as the UK lender raised its medium-term ambitions and set out new financial targets. The bank reported total income of £16.4 billion, up 12% year-on-year, helped by deposit margin expansion, stronger structural hedge income and lending growth.
NatWest reports 24% jump in profit and lifts target
NatWest said its annual profit rose 24% on Friday, slightly ahead of forecasts, and the lender set out more ambitious performance targets.
NatWest Group plc (NWG) M&A Call Transcript
NatWest Group plc (NWG) M&A Call Transcript
Has NatWest overpaid for Evelyn or should have chosen Rathbones?
NatWest Group PLC shares fell 4% to 632.8p, having recently hit a post-2008 high, after the bank revealed it had struck a £2.7 billion deal to buy Evelyn Partners. Ahead of NatWest's financial results on Friday, the purchase of the wealth management firm drew a mixed response from City analysts, with attention focused on price, cost savings and what it means for the wider wealth sector.
NatWest buys wealth manager Evelyn Partners for £2.7bn
NatWest Group PLC has agreed to buy wealth manager Evelyn Partners for £2.7 billion and announced a £750 million share buyback. The FTSE 100-listed bank said the acquisition would expand its private banking and wealth management arm to around 20% of group customer assets and liabilities, as well as increasing income from fees rather than lending.
NatWest Agrees to Buy Wealth Manager Evelyn Partners for $3.7 Billion
The acquisition more than doubles NatWest's assets under management and administration to £127 billion.
NatWest to buy Evelyn Partners in $3.68 billion deal
The UK's NatWest Group said on Monday it had agreed to buy Evelyn Partners in a deal valuing one of Britain's largest wealth managers at 2.7 billion pounds ($3.68 billion), including debt.
NatWest commits $13.7 billion to support UK social housing
NatWest on Wednesday said it would provide a package of 10 billion pounds ($13.72 billion) to the UK social housing sector by 2028 to support the delivery of affordable housing across the country.
NatWest and HSBC top and Lloyds bottom as 2026 bank outlook is positive
A positive tone on UK banks was struck by analysts at Citi at the start of 2026, with NatWest Group PLC (LSE:NWG) and HSBC Holdings PLC (LSE:HSBA) seen as best placed to benefit from resilient earnings drivers and macro stabilisation. In a note focusing on the "big picture" for the sector, analyst Andrew Coombs said concerns over the UK and Hong Kong economies were overstated.
Lloyds Bank and other creditors set to take over rural 'altnet' Gigaclear
Lloyds Banking Group PLC (LSE:LLOY), NatWest Group PLC (LSE:NWG) and the UK taxpayer-backed National Wealth Fund (NWF) are reportedly close to taking control of broadband provider Gigaclear, after an attempted sale failed. Creditors including NWF, Lloyds and NatWest will now take control of the "heavily indebted" outfit, the Financial Times reported, citing people with knowledges of the matter.
