NWG Stock Recent News

Metro Bank Holdings PLC (LSE:MTRO) said it will sell its prime residential mortgage book to NatWest Group PLC (LSE:NWG) for around £2.5 billion, according to an update on Friday.  It comes as Metro looks to streamline its balance sheet and "enhance risk-adjusted returns on capital".

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.

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.

Michelle Girard, NatWest head of U.S. coverage and CEO of NatWest Markets, joins 'Squawk Box' to discuss the latest market trends, what to expect from this morning's June CPI report, the Fed's rate path outlook, and more.

Does NatWest Group (NWG) have what it takes to be a top stock pick for momentum investors? Let's find out.

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.

NatWest (NWG) inks a deal to acquire the retail banking assets and liabilities of Sainsbury's Bank. This will strengthen its market presence and add scale.

NatWest Group PLC (LSE:NWG)'s acquisition of Sainsbury's financial assets - a deal in which the bank was paid £125 million - will have a positive impact on profitability and NatWest's balance sheet. According to Shore Capital NWG's core tier-one ratio (the buffer it keeps in case of a downturn in the markets) will improve by 20 basis points while the transaction will also be accretive to both earnings and return on capital employed.

NatWest Group, one of the largest banks in the U.K., has announced its acquisition of the banking business of Sainsbury's, the second-largest grocer in the country. The deal, worth £2.5 billion ($3.2 billion), will increase NatWest's assets and customer accounts, aligning with the bank's strategy to expand its retail banking operations.

After J Sainsbury PLC (LSE:SBRY) agreed to pay NatWest Group PLC (LSE:NWG) £125 million to take over the core assets and liabilities of Sainsbury's Bank for a £125 million payment, analysts said it was a good first deal for the lender's new chief executive. NatWest said it expects to add around £2.5 billion of gross customer assets, with roughly one million new customer accounts, making a positive impact on earnings per share and return on tangible equity, with a small hit to its CET1 capital ratio once the transition is completed in the first half of 2025.