NatWest Earnings: Lower NIM Guidance Negative, but Our Medium-Term Outlook Is Unchanged
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.
NatWest Group PLC NWG
Bulls Say, Bears Say
Bulls
NatWest operates a strong retail and commercial banking franchise in the UK.
Bears
The mortgage market, a core segment for NatWest, remains competitive.
News
NatWest Group Down Over 9%, on Pace for Largest Percent Decrease Since April 2025 — Data Talk
NatWest Shares Fall After Bank's Interest Income Guidance Disappoints
NatWest Earnings Boosted by Higher Net Interest Income
U.K. Government Temporarily Doubles Surcharge on Banks — Update
U.K. Government Temporarily Doubles Surcharge on Banks
NatWest Wins Approval for Connecticut Office to Target U.S. Clients
NatWest Raises Guidance, Brings Forward Buyback Announcement Plans — 2nd Update
NatWest Raises Guidance, Brings Forward Buyback Plans — Update
Trading Information
- Previous Close Price
- GBX591.80
- Day Range
- GBX590.20–599.40
- 52-Week Range
- GBX504.41–788.20
- Bid/Ask
- GBX591.80 / GBX592.00
- Shares Outstanding
- 7.89B
- Market Cap
- GBX4.67T
- Volume/Avg
- 2M / 19M
Key Statistics
- Price/Earnings (Normalized)
- 10.08
- Price/Sales
- 2.67
- Dividend Yield (Trailing)
- 5.91%
- Dividend Yield (Forward)
- 5.91%
- Dividend Payment Schedule
- May, Sep
- Total Yield
- 8.72%
Company Profile
NatWest Group derives around 90% of its total income from the United Kingdom. The bank operates a retail, commercial, and private bank in the UK, offering clients lending and payment services as well as asset management services.
- Sector
- Financial Services
- Industry
- Banks - Regional
- Stock Style Box
- Large Value
- Total Number of Employees
- 60,500
- Website
- https://www.natwestgroup.com
Competitors
Valuation
Metric | NWG | LLOY | BCS |
|---|---|---|---|
Price/Earnings (Normalized) | 10.08 | 9.85 | 7.94 |
Price/Book Value | 1.22 | 1.22 | 0.91 |
Price/Sales | 2.67 | 2.62 | 1.96 |
Price/Cash Flow | 6.72 | 4.99 | 4.64 |
Price/Earnings
NWG
LLOY
BCS
Financial Strength
Metric | NWG | LLOY | BCS |
|---|---|---|---|
Quick Ratio | — | — | — |
Current Ratio | — | — | — |
Interest Coverage | — | — | — |
Quick Ratio
No chart available
Profitability
Metric | NWG | LLOY | BCS |
|---|---|---|---|
Return on Assets (Normalized) | 0.87% | 0.70% | 0.52% |
Return on Equity (Normalized) | 16.74% | 14.45% | 13.37% |
Return on Invested Capital (Normalized) | — | — | — |
Return on Assets
NWG
LLOY
BCS
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United States