Royal Bank Of Scotland Share Discussion Threads

[portside1] 07/5/2013 14:19

talk of rbs being over 500p by xmas

[ramco] 07/5/2013 14:02

On the hour: S&P +0.12%. 10-yr -0.11%. Euro +0.28% vs. dollar. Crude -0.72% to $95.47. Gold -1.38% to $1447.75.

[ramco] 07/5/2013 13:31

In Japan, stocks (EWJ) come off a long weekend well-rested and promptly rally to near five-year highs as the Nikkei surges 3.55% on the back of Friday's strong U.S. jobs data. Meanwhile, Australia's central bank cut rates by 25 basis points, sending the aussie (FXA) down 0.6% to two month lows against the dollar.

[ramco] 07/5/2013 13:31

Commerzbank AG (CRZBY.PK) reports a Q1 net loss of €94M, as Germany's second largest bank takes a €493M restructuring charge related to layoffs. The loss was narrower than analysts expected however and operating expenses fell 3.7% to €1.72B (beating estimates) while risky assets in the firm's bad bank also declined during the period. On the other hand, provisions for bad debt were up 26% and net interest income fell 20% to €1.36B.

[ramco] 07/5/2013 13:30

Société Générale (SCGLF.PK): Net profit falls 50% Y/Y to €364M, beating by €47M. Net income in corporate and investment banking rises 41% to €494M beating estimates. Revenue takes a €1B hit on accounting change related to the revaluation of debt. Tier 1 capital is 8.7%.

[ramco] 07/5/2013 13:29

414 S&P 500 (SPY) earnings reports are in the books, reports tradefast, with 47% beating estimates on sales, 72% on EPS - with the aggregate earnings surprise 5.4% and Y/Y EPS growth of 2.5%. Annual sales growth is negative 1.4%. The numbers confirm it's sluggish out there, but companies are still able to profit by trimming costs.

[ramco] 07/5/2013 13:28

JPMorgan (JPM) is planning commodity trader job cuts at its London and Dubai offices, reports Bloomberg. Commodities revenue at the 10 largest banks slumped 24% to $6B in 2012, according to one report. Toss in new regulations and capital rules and it's only natural some big players are looking to cut back. [

[ramco] 07/5/2013 13:27

ICSC Retail Store Sales: -0.1% W/W, vs. +0.4% last week. +2.4% Y/Y vs. +2.6% last week.

[ramco] 07/5/2013 13:27

On the hour: S&P +0.16%. 10-yr -0.07%. Euro +0.32% vs. dollar. Crude -0.49% to $95.69. Gold -0.43% to $1461.75.

[ramco] 07/5/2013 13:27

HSBC (HBC) gains 2.1% premarket as its cost-cutting regime pays off, with core earnings up 34% (to $7.6B) from a year ago. $4B in costs has been eliminated since 2011, and the bank believes there's another $1B to go. The offloading of employees and businesses has boosted the capital ratio as well - it rose to 12.7% this quarter, safely above the 9.5% it needs under Basel III.

[ramco] 07/5/2013 13:26

Home prices rose 1.9% in March, according to CoreLogic, the 13th consecutive monthly rise and bringing the Y/Y gain to 10.5%. Excluding distressed sales, prices rose 2.4%. Core-Logic's pending home price indicator points to a 1.3% M/M and 9.6% Y/Y gain in April

[shaws37] 07/5/2013 12:54

going blue folks

[portside1] 07/5/2013 12:37

smurf i have added more cheap looking for 360p in weeks

[smurfy2001] 07/5/2013 12:30

Shaws,

RBS is cheap if comparing to NAV, like BARC. I'm confident it will work out. I'm still in BARC with a free holding, not trading it much and no longer hold any CFD's (they cost me dearly on a long term hold so didn't profit much last tax year). I'm only using CFD's to hedge via a short FTSE contract (waiting for the market to go higher before l do).

Pretty much buy and hold at the moment, hassle free year one hopes.

[shaws37] 07/5/2013 12:05

Smurfy,

Thanks, banked some gains this year although my GPX (completed average )is a tad under water but that's a long hold anyway. I didn't want to be out of that when it rockets up so more than happy to wait and add.

Bought RBS today, looking for a 10p rise minimum.....more is much better :)

Barc is totally rocketing today, pity rbs is not doing the same......it may tomorrow....rocketing up, that is and not rocketing down. ;)

[smurfy2001] 07/5/2013 11:26

The HSBC results make you weep for BARC, LLOY & RBS,

Pre-tax profits rose 95pc year-on-year to $8.43bn, as impairment charges halved and cost fell to $9.3bn, down about $1bn compared to the same period in 2012. Revenue rose 14pc to $18.4bn.

[smurfy2001] 07/5/2013 11:26

Hi Shaws, hope you're well and making a return this year? All well my side and looking like it's going to be another healthy year :) Just need some time with RBS and LLOY.

[careful] 07/5/2013 11:25

The bank is still priced for possible failure.
this seems remote right now.
europe/abn amro etc seem to be steadier.

about 3.5bn pre tax now.
if things really picked up this bank could make 5bn pre tax pa no sweat.

it all make a cap of 17.6bn seem too low.

[shaws37] 07/5/2013 11:19

Hi Smurfy

Hope you are well sir :)

[smurfy2001] 07/5/2013 11:15

Don't be worried about a bit of manipulation, bank is now profit making and cheaper than when the bank was making a loss!

[shaws37] 07/5/2013 11:15

Is Mr Leeds on holiday ?

[shaws37] 07/5/2013 11:15

BARC going well today..

[shammytime] 07/5/2013 10:36

Same here careful. Should be a strong riser for the remainder of the year

[portside1] 07/5/2013 10:13

cnbc a fund manager just tipped RBS and lloys and is switching to rbs
saying they are a good bet .