NatWest Group plc, provides banking and financial products and services to personal, commercial, corporate and institutional clients. The company is headquartered in Edinburgh, the United Kingdom.
| Revenue (TTM) | $16.81B |
| Gross Profit (TTM) | $16.81B |
| EBITDA | — |
| Operating Margin | 53.00% |
| Return on Equity | 14.80% |
| Return on Assets | 0.86% |
| Revenue/Share (TTM) | $4.20 |
| Book Value | $12.92 |
| Price-to-Book | 1.26 |
| Price-to-Sales (TTM) | 4.13 |
| EV/Revenue | 4.301 |
| EV/EBITDA | — |
| Quarterly Earnings Growth (YoY) | 30.00% |
| Quarterly Revenue Growth (YoY) | 14.50% |
| Shares Outstanding | $3.96B |
| Float | $3.96B |
| % Insiders | 0.00% |
| % Institutions | 5.03% |
Volatility is currently contracting
Shares in Lloyds and NatWest fell Friday as investors reacted to reports of a possible increase in the U.K. bank-profit surcharge. The bank surcharge is reportedly expected to rise to 8% from 3% in Finance Minister John Healey's budget later this month.
Lloyds Banking Group PLC (LSE:LLOY) and NatWest Group PLC (LSE:NWG) were among the leading FTSE 100 fallers on Friday as investors reacted to expectations that Chancellor John Healey could raise taxes on banks in the 28 October budget. Lloyds fell 1.9% to 103.85p shortly after 8:30, while NatWest dropped 1.8% to 662.2p, with the sector facing the prospect of a higher surcharge on banking profits.
European Banks remain an ‘overweight' sector for JP Morgan, with NatWest Group PLC (LSE:NWG) and Standard Chartered PLC (LSE:STAN) among its top picks following the sector's recent decline. Its preferred portfolio also includes UBS Group AG (NYSE:UBS), Deutsche Bank AG (NYSE:DB) and ING, with Julius Baer newly added.
NatWest Group PLC (LSE:NWG) is among Citi's top picks, as healthy loan volumes and supportive interest rates underpin European bank earnings despite cooling deposit momentum. Citi maintained its 'overweight' stance on European banks, naming ABN AMRO and SocGen alongside NatWest as its top picks for the sector.
NatWest Group plc (NWG) Presents at Barclays 24th Annual Global Financial Services Conference Transcript
JP Morgan has reiterated its 'overweight' rating on European banks, arguing the sector remains in what it calls a "perfect environment" for growth despite early signs of the interest rate cycle turning. Analyst Kian Abouhossein said the sector benefits from a "sweet spot" of European Central Bank rates between 2% and 3%, alongside lending momentum supported partly by artificial intelligence capital expenditure.
NatWest Group PLC (LSE:NWG) was named a top pick by Citi on Wednesday, even as the investment bank cautioned that the current European banking bull run is nearing its final leg. The shares dipped 0.23% to 688.6p as Citi maintained an 'overweight' rating on the wider sector, observing that recent earnings upgrades have now broadened to other market sectors too.
NatWest Group continues to deliver impressive financial results, with the bank's return on tangible equity exceeding 20% last quarter. NWG's net interest margin is still expanding on the back of the mechanistic reinvestment of its deposits, offsetting tighter loan spreads. Despite fears that U.S. tariffs and the Middle East conflict would lead to a rise in loan losses, credit quality remains strong.
NatWest Group plc (NWG) Q2 2026 Earnings Call Transcript
The lender reported a 29% rise in pretax profit as it completed the acquisition of wealth manager Evelyn Partners.
Tiblio connects your broker and runs your put-and-call-writing strategy for you — on NWG and any ticker you trade — then tracks every position and per-strategy win rate.
