NWG Stock Recent News
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Finance stocks like BCS, NWG and COOP perform impressively in February amid volatile market trends.
DRDGOLD Limited, NatWest Group and Orla Mining have been selected as the breakout stocks for today.
Investors target stocks that are witnessing a bullish run. Some of the stocks seeing price strength are EVER, JAZZ, PGR, SONY, NWG.
British fund manager abrdn said on Friday it would appoint Siobhan Boylan, an executive at NatWest's private bank Coutts, to become its next finance chief.
Does NatWest Group (NWG) have what it takes to be a top stock pick for momentum investors? Let's find out.
NatWest (NWG) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
NatWest Group PLC (LSE:NWG) is a ‘buy' that offers investors ‘good' momentum and only ‘modest' downside risk, that's according to analysts at UBS. The Swiss bank's analysts, in a new note, pitch a 510p price target that suggests around 15% upside to the current market price of 444.5p.
Barclays PLC and NatWest Group PLC both racked up gains on Monday as the dust settled and analysts weighed in on last week's respective results. Having both dropped in the wake of updates, Barclays added 2.9% to reach 303.2p as the new week got underway, while NatWest jumped 3.4% to 442.7p.
NatWest reported a reasonable set of fourth quarter figures, with revenue and net income both beating consensus, while operating costs were a little softer than expected. The outlook for the bank's earnings has been improving, supported by 'higher for longer' interest rates and the knock-on implication for structural hedge income. These shares now trade for ~1.3x tangible book value. Although this looks rich, medium-term earnings can support a premium multiple, while capital return potential also remains compelling.
NatWest Group PLC (LSE:NWG) shares fell 3% despite posting full-year results that beat expectations, as analysts questioned whether the strong profitability was fully sustainable. Peel Hunt noted that NatWest's better-than-expected £6.2 billion pre-tax profit was driven by lower loan impairments, which came in at just 9 basis points versus market expectations of 15.