Royal Bank Of Scotland Share Discussion Threads

[leedskier] 28/10/2016 08:16

Volumes are low, but it is that kind of market.

[careful] 28/10/2016 08:16

A very nice surprise, the market reaction.
Who would have guessed.

[leedskier] 28/10/2016 08:16

The Index if off 0.66% at the moment, so RBS is swimming upstream today.

[ball deap] 28/10/2016 08:15

Long long long , like I said from the start.

[leedskier] 28/10/2016 08:10

It is coming off a touch now.

[leedskier] 28/10/2016 08:06

It looks like banks are going to be loved up for the balance of Q4. The stronger than forecast GDP number yesterday probably means no further QE and/or rate cuts which is a positive for banks.

[cfc1] 28/10/2016 08:04

remember this share price has been smashed for 8 years running...one day it has to turn...what else is there to go long on?!??!

[cfc1] 28/10/2016 08:03

RBS up 5%! pre open

[leedskier] 28/10/2016 08:02

Shorts closing, I guess.

[cfc1] 28/10/2016 08:02

RBS pre open up 3.3%! All the bad news IS expected but performance was good.....just need news on the US DoJ ....get rid of W&G and then divi......

[leedskier] 28/10/2016 08:01

Flying at the moment!

[luisfrg] 28/10/2016 07:51

No provision so that figures wouldn't be even worse ? How can they have none when Barclays and lloyds did ?

[gcom2] 28/10/2016 07:49

one small positive is no ppi provision at all
genarally a load of rubbish though

[luisfrg] 28/10/2016 07:48

Panmure gordon - RBS to open 2% higher.....really????

[leedskier] 28/10/2016 07:45

The black crow on the washing line is the settlement figure to be paid to the US for alleged past misdeeds.

But the tier 1 capital at 15% is strong. By European standards, very strong.

[luisfrg] 28/10/2016 07:36

Whats today's price outlook?🤕

[leedskier] 28/10/2016 07:33

Bloomberg


RBS Posts Third-Quarter Loss on Restructuring, Litigation Costs

October 28, 2016 — 9:03 AM EEST

Royal Bank of Scotland Group Plc, Britain’s biggest government-owned lender, swung to a loss in the third quarter as the bank took 894 million pounds ($1.09 billion) in charges for restructuring and litigation.

The net loss of 469 million pounds compared with a profit of 940 million pounds a year earlier, the Edinburgh-based lender said in a statement on Friday. Pretax profit, excluding one-time costs, rose to 1.33 billion pounds, beating the 776 million-pound average estimate of seven analysts compiled by Bloomberg News.

Three years into his tenure, Chief Executive Officer Ross McEwan is little closer to returning the recipient of the U.K.’s biggest banking bailout back to annual profit. His progress shrinking the former global titan to focus on domestic markets remains overshadowed by looming U.S. charges for past misconduct and delays in a plan to sell the Williams & Glyn consumer unit.

The common Tier 1 equity capital ratio of financial strength rose to 15 percent from 14.5 percent at the end of June. Although McEwan has pledged to return excess cash above 13 percent to shareholders, potential past misconduct costs make it difficult to assess how much spare capital the bank will have. RBS won’t pay a dividend until it’s cleared the bulk of its restructuring, passed Bank of England stress tests due next month, settled the U.S. mortgage probes and made progress in divesting Williams & Glyn.

The bank’s net interest margin, the difference between income from lending and the cost of funding, fell to 2.17 percent from 2.21 percent at the end of June.
RBS is the worst-performing large U.K. bank this year with the shares down about 35 percent in London trading, trailing the 407 pence a share break-even price of the government’s bailout during the financial crisis. While Chancellor of the Exchequer Philip Hammond restarted selling taxpayer-owned shares in Lloyds Banking Group Plc at a loss, he’s said it’s unlikely the country will sell its 72 percent stake in RBS any time soon.

[n73] 28/10/2016 07:28

Long way to go and wheels on the bus go round and round, too, all away to Scotland.

[gcom2] 28/10/2016 07:26

McEwen is not a new CEO, started in 2012 over 4 years ago.

[gcom2] 28/10/2016 07:25

It's dire, as usual, 490m restructuring costs lol
get your coat mcewan

[careful] 28/10/2016 07:23

RBS grim at first look.
But the attributable loss of £469m included £1.194 bn of write-downs.
Hopefully these restructuring costs,tax impairments,etc are coming to an end.
this is extreme kitchen sinking.

[sux_2bu] 28/10/2016 07:18

Overall, rbs made 1.2bn profit. Pre money set aside for fines etc.

[leedskier] 28/10/2016 06:10

European opening calls FTSE -11, DAX -11, CAC -4 (futures) courtesy of IG

[ball deap] 27/10/2016 21:28

Smurfy old bean, I'm still waiting on that information, so far I've got to say my illuminati contact has been giving me some killer information!!! Long on RBS , just killed SKY short will pass on the wisdom and incite when I get more info!!

[gcom2] 27/10/2016 20:13

what horrors does mcewan have lined up for the morming. the man has done more kitchen sinks than b&q