Natwest Share Discussion Threads

[kiwi2007] 24/4/2024 23:04

12.7% decrease in revenue to £3.384 billion from £3.88 billion expected.

EPS 10p

[smurfy2001] 23/4/2024 22:42

Natwest shareholders approve proposal to buy back 15 per cent of government’s stake

[smurfy2001] 22/4/2024 19:41

FTSE 100 futures making all-time highs.

[smurfy2001] 22/4/2024 17:56

Will the results blow the doors off 300p.

[skinny] 22/4/2024 10:11

FWIW :- JPMorgan raises NatWest price target to 330 (290) pence - 'overweight'

[johnwise] 22/4/2024 07:17

Lloyds, Barclays and NatWest will be updating shareholders on their first-quarter financial results on Wednesday, Thursday and Friday respectively and the following week will see HSBC and Santander’s results on the Tuesday.

For the first three months of the year Lloyds is expected to report a profit of £1.7billion.This is a fall from the £2.3billion the bank reported this time last year.

NatWest is set to report an operating pre-tax profit of £1.2billion, down from the £1.8billion quarterly profit it reported last year.“

Barclays is set to report a pre-tax profit of £2.2billion for the first quarter, down from £2.6billion reported last year.

[polar fox] 20/4/2024 14:29

Thanks for the snippets here and over on Lloyds, Skinny. They seem to confirm the direction of travel in the Q1 Consensuses.
I see that Hunt is being reported as wanting an Autumn Statement around September, in order to cut NIC by another 2p. In the middle of party conference season? - I wonder about that. But the implication is that the election will be the other side of Halloween, given the 25-day rule. First though, let's see what May 2 brings, on the heels of the Q1s.

[skinny] 20/4/2024 12:50

"NatWest reports its first-quarter results on Friday, when it is expected to say that its first-quarter operating pre-tax profits slid to about £1.2 billion, from £1.8 billion a year earlier. The performance of the bank, which is 29 per cent-owned by taxpayers after its bailout in the 2007-09 financial crisis, is likely to be closely scrutinised, given that the government is planning its first sale of NatWest shares to retail investors as soon as the summer."

[skinny] 19/4/2024 13:19

FWIW :- Peel Hunt starts NatWest with 'buy' - price target 330 pence

[skinny] 18/4/2024 16:49

And what has that got to do with the price of fish?

[portside1] 18/4/2024 16:38

I can honestly say of my long life of 76 years. That the climate in the U.K. as not got warmer if anything it is colder in summer And darker at night When I was 10/11 it was light and warm till 11pm in July / august now it is dark at 9.30 Climate change in my life it is rubbish

[polar fox] 17/4/2024 21:04

Q1 Consensus

I can't recall whether it's been mentioned on here, but my attention has been drawn to the Consensus, published by the group on 20 March.
It doesn't make very good review - many of the numbers are lower than last year, including NIM and the total dividend.

The Lloyds Consensus is somewhat similar, although their dividend increases by 9%.

[polar fox] 17/4/2024 07:57

So, looking ahead, next month the monthly CPI increase was 1.2 a year ago, which provides plenty of scope for a significant decrease as it drops out of the annual calculation. Also, this year we have the cut in the energy price cap that kicked in on April 1. We might see the latest 3.2 down to around 2.5, but that's just me hazarding an early best guess, in the face of a number of factors pointing in different directions.

The month after next, the monthly CPI increase was 0.7 a year ago, which will again provide scope for a decrease this year. Beyond that, it gets tricky, but that can wait.

[polar fox] 17/4/2024 07:10

All three inflation numbers have come in a tenth higher than consensus - a touch disappointing but OK-ish.

CPI 3.2 vs 3.4 last month
CORE 4.2 vs 4.5
RPI 4.3 vs 4.5

FTSE was up 20 or so on IG earlier, but is now about 10 points lower than 7820.

[polar fox] 15/4/2024 13:42

US retail sales up sharply - DOW jumps on IG, FTSE higher, back above 8,000.

[svend2] 14/4/2024 00:23

Yes and the US housing market already spiralling out of control again down -4.1 % for the last 3 months

[svend2] 13/4/2024 22:30

I agree but the real kicker is the USA sector rotation with the real estate sector currently down the most at 4.10% in the last 3 months and the worst is still to play out unless a rate reduction is forthcoming so is this another boom or bust circle.?

[chiefbrody] 13/4/2024 14:57

Would also help if the US stopped creating funny money like there's no tomorrow.

[svend2] 12/4/2024 22:50

Get the energy costs and oil/gas prices and then food costs grains/cocoa etc under control and the inflation shall fall in line without this everything is up in the air adding to the crises/tension in the Middle East no wonder the governments are paralysed/abstaining from lowering interest rates.