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NWG / NatWest beats profit forecasts for quarter as interest rates rise

NatWest beats profit forecasts for quarter as interest rates rise
NatWest Group PLC (LSE:NWG) reported a much-increased profit in the first quarter and, with interest rates rising, said it expects income this year to be “comfortably” above its previous guidance. The FTSE 100 lender, the last of its blue-chip peer group to report, revealed it made £841mln of attributable profit in the first three months of 2022, up 35% on the first quarter of 2021 and well ahead of the £755mln average analyst forecast. Read More
Posted: Apr 29 2022, 02:47
Author Name: Proactive Investors
Views: 111812

NWG News  

NatWest guidance slashed, earnings a ‘major disappointment' says this analyst

By Proactive Investors
October 30, 2023

NatWest guidance slashed, earnings a ‘major disappointment' says this analyst

British lender NatWest Group PLC (LSE:NWG)'s third-quarter earnings were “a major disappointment”, according to Citi, which in a scathing research more_horizontal

NatWest shares plunge as bank cuts guidance and admits ‘serious failings' in treatment of Brexit campaigner Nigel Farage

By Market Watch
October 27, 2023

NatWest shares plunge as bank cuts guidance and admits ‘serious failings' in treatment of Brexit campaigner Nigel Farage

Shares in NatWest NWG, -11.37% fell 12% on Friday after the British bank cut its guidance and admitted “serious failings” in its treatment of Brex more_horizontal

NatWest admits 'serious failings' in Nigel Farage incident; shares slide after earnings

By CNBC
October 27, 2023

NatWest admits 'serious failings' in Nigel Farage incident; shares slide after earnings

A review into the closure of Brexit figurehead Nigel Farage's account found "potential regulatory breaches and a number of areas for improvement." more_horizontal

NatWest's Margin Guidance Cut Prompts Shares to Plunge

By Bloomberg Markets and Finance
October 27, 2023

NatWest's Margin Guidance Cut Prompts Shares to Plunge

NatWest Group Plc lowered its margin guidance as customers shift into fixed-term accounts to take advantage of better rates, forcing the bank to spend more_horizontal

NatWest plunges 11% after cutting outlook, Farage fall-out

By Proactive Investors
October 27, 2023

NatWest plunges 11% after cutting outlook, Farage fall-out

NatWest Group PLC (LSE:NWG) shares plunged 11% in early exchanges after it lowered full-year net interest margin guidance and admitted "serious failin more_horizontal

NatWest admits to

By Proactive Investors
October 27, 2023

NatWest admits to "serious failings" in treatment of Nigel Farage

NatWest Group PLC (LSE:NWG) has admitted to “serious failings” in the treatment of Nigel Farage and “clear shortcomings” in how the decision t more_horizontal

NatWest reports margin squeeze, Farage exit was

By Proactive Investors
October 27, 2023

NatWest reports margin squeeze, Farage exit was "lawful"

NatWest Group PLC (LSE:NWG) saw its net interest margin fall in the third quarter as more customers moved funds to savings accounts to benefit from hi more_horizontal

UK watchdog finds potential NatWest 'regulatory breaches' in Farage fiasco

By Reuters
October 27, 2023

UK watchdog finds potential NatWest 'regulatory breaches' in Farage fiasco

British watchdog the Financial Conduct Authority said on Friday that it had identified potential "regulatory breaches" in NatWest's handling of a deci more_horizontal


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