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 | $13.13 |
| Price-to-Book | 1.27 |
| Price-to-Sales (TTM) | 4.47 |
| EV/Revenue | 4.324 |
| EV/EBITDA | — |
| Quarterly Earnings Growth (YoY) | 30.00% |
| Quarterly Revenue Growth (YoY) | 14.50% |
| Shares Outstanding | $3.97B |
| Float | $3.96B |
| % Insiders | 0.00% |
| % Institutions | 5.01% |
Volatility is currently contracting
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.
NatWest Group PLC (LSE:NWG) upgraded its full-year guidance and brought forward plans for further share buybacks after first-half profit climbed on higher income and improved efficiency. Attributable profit rose to £3 billion in the six months to June, while operating profit before tax increased 20.4% to £4.3 billion.
NatWest reported a better than expected first-half operating profit before tax of £4.3 billion ($5.8 billion)on Friday, as stronger revenue generation and resilient credit quality helped offset cost pressures.
The FTSE 100 Index was little changed this week as investors assessed the escalating UK-Iran crisis, the ongoing US earnings season, and a series of key UK economic releases. Market participants digested the latest jobs, inflation, and retail sales data for July, all of which could influence the Bank of England's next policy decision.
Citi has told investors that concerns over UK politics and Chinese regulation weighing on the country's banks should now begin to ease, allowing attention to return to what it calls impressive return trajectories. In its summer 2026 big-picture note on the sector, the bank said it remained constructive on UK bank fundamentals, citing net interest margin expansion and high-volume growth.
Income investors hunting for yield have to look past headline sectors and focus on payout durability.
NatWest Group Plc earns a Buy rating, targeting a 26.9% upside to $22.54, driven by agentic AI integration and the Evelyn Partners acquisition. Agentic AI slashes software deployment from 6 weeks to 6 hours, enabling hyper-scaling of NWG's £127 billion AUMA wealth management platform and supporting a sub-45% C/I ratio. Wealth management fee income, expected to rise 20% post-Evelyn, supports >18% RoTE and justifies potential multiple expansion as NWG pivots from net interest income.
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