NatWest Group PLC

NWG: XLON (GBR)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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NatWest Earnings: Lower NIM Guidance Negative, but Our Medium-Term Outlook Is Unchanged

Niklas Kammer

Nov 4, 2026

NatWest reported third-quarter operating profit of GBP 2.2 billion, down 3% sequentially. Management guided to a broadly stable net interest margin through 2027.

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NatWest Group PLC

NatWest Earnings: Lower NIM Guidance Negative, but Our Medium-Term Outlook Is Unchanged

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