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
- GBX580.00
- Day Range
- GBX582.00–614.80
- 52-Week Range
- GBX504.41–788.20
- Bid/Ask
- GBX575.00 / GBX625.00
- Shares Outstanding
- 7.89B
- Market Cap
- GBX4.83T
- Volume/Avg
- 24M / 20M
Key Statistics
- Price/Earnings (Normalized)
- 10.41
- Price/Sales
- 2.76
- Dividend Yield (Trailing)
- 5.73%
- Dividend Yield (Forward)
- 5.73%
- Dividend Payment Schedule
- May, Sep
- Total Yield
- 8.45%
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) | 10.41 | 9.92 | 8.14 |
Price/Book Value | 1.25 | 1.22 | 0.94 |
Price/Sales | 2.76 | 2.64 | 2.01 |
Price/Cash Flow | 6.94 | 5.03 | 4.76 |
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
Banks - Regional Industry Comparables
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
| Intesa Sanpaolo ADR
ISNPY
| LOCK|@C?$<Gkr | LOCK|#>& | $122B | |||
| Mizuho Financial Group Inc ADR
MFG
| LOCK|r?^FNj# | LOCK|D>b | $115B | |||
| BNP Paribas ADR
BNPQY
| LOCK|YBjlhW> | LOCK|K<& | $113B | |||
| U.S. Bancorp
USB
| LOCK|?$v@^p> | LOCK|!t | $95B | |||
| PNC Financial Services Group Inc
PNC
| LOCK|dQ%$nNW> | LOCK|$<M@ | $93B | |||
| Itau Unibanco Holding SA ADR
ITUB
| LOCK|@#@lN< | LOCK|^% | $85B | |||
| Lloyds Banking Group PLC ADR
LYG
| LOCK|xv$JPX | LOCK|$?zV | $75B | |||
| Deutsche Bank AG
DB
| LOCK|b$ | LOCK|JG$ | $68B | |||
| NatWest Group PLC ADR
NWG
| LOCK|y^!J@&z | LOCK|r<^m! | $65B | |||
| Truist Financial Corp
TFC
| LOCK|BQx<!t | LOCK|<yx | $61B |
United States