Natwest Share Discussion Threads

[mikesmythe] 28/10/2022 17:27

Nobody is interested that a nobody like you bought some shares

[action] 28/10/2022 12:58

Natwest have more cust deposit than any other banks. Higher the UK int goes more Nim for natwest.

[polar fox] 28/10/2022 12:37

Something of a wake-up call, eh? Precisely why I mentioned LLOY's disappointing Q3 yesterday. I'm expecting worse in the months ahead as the recession unfolds - lots of data and action to come between next week and the all-important Autumn Statement on the 17th.

Here are one broker's (not particularly insightful) comments:

On home shores, NatWest slid after it reported flat third-quarter profit of £1.1bn amid a deteriorating outlook. This fell short of expectations of £1.2bn.

Richard Hunter, head of markets at Interactive Investor, said: "NatWest has rounded off the banks’ reporting season in mixed fashion, with some enforced financial write downs blotting the overall copybook.

"The planned withdrawal from the Republic of Ireland through its Ulster Bank subsidiary has led to a charge on the mortgage book of some €420m. In addition, NatWest has succumbed to the necessity of making bad debt provisions in line with most of its peers. Whereas the group bucked the trend in the second quarter by releasing £18m of provisions, for this quarter a charge of £242m has been made.

"This leaves the cumulative figure for this year as a provision of £193m, which compares to a release of £904m in the corresponding period last year, and the £1bn swing has affected overall numbers."

unquote

[riverman77] 28/10/2022 12:36

I'm wondering if there's an element here of deliberately downplaying their earnings as they will definitely not want to be seen making record profits while people are struggling with the mortgages and heating bills. Risk of windfall taxes has to be very high. If they can use some one-offs to keep profits down for now, which can be unwound at a later time when the economy has picked up a bit.

[action] 28/10/2022 12:33

Sale first ask questions later comes to mind

[smurfy2001] 28/10/2022 11:05

Bought @ 224.70.

[smurfy2001] 28/10/2022 10:47

NatWest reports £1.1bn profit as it predicts 7% fall in UK house prices

[johnwise] 28/10/2022 10:45

NatWest boss: “Anxiety levels are high”, as bad debts rocket

Britain’s top four high street lenders have set aside towards £2.5 billion this week to deal with bad debts, a clear sign that the bankers are preparing for a recession.

[smurfy2001] 28/10/2022 09:59

In its steering for 2022, NatWest mentioned that it anticipated group earnings for persevering with operations to be about £12.8bn, in contrast with the £12.5bn it estimated at its half-year outcomes.

hxxps://www.newsncr.com/business/natwest-follows-lloyds-in-pushing-up-provisions-for-bad-debts/

[smurfy2001] 28/10/2022 09:29

Seems to be bang on trend support.

On the call Q&A from analysts will be of interest as guidance was very positive last quarter.

- Deposits remain at elevated levels

[smartypants] 28/10/2022 08:19

Down 7 ish %...pretty reasonable
At least it's not 10%...yet

[smurfy2001] 28/10/2022 08:12

Seems banks are possibly over provisioning. May see write backs in Q4.

“Although we are not yet seeing signs of heightened financial distress, we are very conscious of the growing concerns of our customers and we are closely monitoring any changes to their finances or behaviors,” Alison Rose, chief executive officer, said in a statement.

[smurfy2001] 28/10/2022 01:39

Natwest Group PLC expected to post earnings of 10pence a share – Earnings Preview
26 October 2022 07:07
Natwest Group PLC is expected to show a rise in
quarterly revenue when it reports results on October 28.

The Edinburgh Midlothian-based company is expected to report a 17.7% increase in revenue to £3.266 billion from £2.77 billion a year ago, according to the mean estimate from 4 analysts, based on Refinitiv data.
​Refinitiv's mean analyst estimate for Natwest Group PLC is for earnings of 10 pence per share.
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 17 "strong buy" or "buy," 4 "hold" and 1 "sell" or "strong sell."
The mean earnings estimate of analysts was unchanged in the last three months. ​
Wall Street's median 12-month price target for Natwest Group PLC is GBp340​, above​ its last closing price of GBp244.40. ​​​;

[polar fox] 27/10/2022 07:39

LLOY Q3 out today. I'm underwhelmed. It will be interesting to see if NatWest fares any better tomorrow.

[smurfy2001] 25/10/2022 15:02

So does Natwest with a yield of near 5%.

[blackhorse23] 25/10/2022 08:38

Metro bank looks cheap

[polar fox] 25/10/2022 07:47

HSBC's Q3 out today - a distinctly mixed bag, with some senior personnel changes. The one I find interesting is that Ewen Stevenson has been surprisingly ousted as CFO, leaving at year-end and with all sorts of compensation relating to next year. It looks like he won't be able to work in the banking business for a year. All the detail is in the annex to the Q3.

[gcom2] 22/10/2022 14:48

Under which government does that refer to?

[suetballs] 19/10/2022 08:39

Banks excess profits now firmly in the firing line.
Not much we can do about it especially after having been bailed out by the taxpayer.
But hopefully a few crumbs will trickle down to the shareholders.
Suet