Royal Bank Of Scotland Share Discussion Threads

[chinese investor] 27/10/2017 08:03

Good Start !

[leedskier] 27/10/2017 07:59

David Buik‏
@truemagic68

Suggested opening calls - RBS +2%

[leedskier] 27/10/2017 07:58

All good news for long term investors.

Certainly a good day to post results.

[mj19] 27/10/2017 07:53

Royal Bank of Scotland posted 3Q results: "RBS reported a profit before tax of £871M (vs £255M a year earlier) and an attributable profit of £392M (vs £469M loss a year earlier) for Q3 2017, the third successive quarter of profit, and an attributable profit of £1,331M (vs £2,514 loss a year earlier) for the year to date. (...) Adjusted operating profit (£1,245M) reduced by 6.6% compared with Q3 2016 largely reflecting increased losses in Capital Resolution, up £248M to £366M. (...) Return on tangible equity was 4.5% for the quarter, and 5.2% for the year to date, with a core adjusted return on equity of 15.0% in Q3 2017. (...) We retain the 2017 full year financial guidance and medium term financial outlook we provided in the 2016 Annual Results document. In addition, and subject to any further provisions for the investigations of the US Department of Justice into the Group's historic RMBS related activities being substantially taken in 2017, our expectation remains that we will be profitable in 2018."

[leedskier] 27/10/2017 07:35

Bullish Global Equity markets overnight.

Draqhi viewed as dovish yesterday.

[n73] 27/10/2017 07:25

Over the pond known as royal cheats.

What’s with this culture: sure we pay the fine and F off and leave us alone.

[polar fox] 27/10/2017 07:24

So after Lloyds, along comes Cinderella. Very much a work in progress. Patience required.

[leedskier] 27/10/2017 07:20

David Buik‏
@truemagic68

RBS pre tax profit for Q3 £871m net £397m on revenue of £3.16bn - tier one capital 15.5% - No new provisions for PPI - No DOJ news on fine

[smurfy2001] 27/10/2017 00:30

RBS culture criticised as bank settles US fraud claims

Royal Bank of Scotland has settled a US criminal investigation that accused its traders of lying to clients over investments between 2008 and 2013.
The US Department of Justice said RBS will pay $44m (£33.4m) under the non-prosecution agreement.

US Attorney Deirdre Daly said: "For years, RBS fostered a culture of securities fraud."

RBS said it self-reported the issue to the US authorities and was pleased the matter was now resolved.

The settlement is separate to what is expected to be a far larger penalty in the US over claims RBS mis-sold mortgage bonds leading up to the 2008 banking crisis.

[smurfy2001] 27/10/2017 00:23

RBS Market cap 33nbn GBP
BARC Market cap 31bn GBP

BARC is a shambles.

[gcom2] 26/10/2017 17:13

no doubt it will hit £5 given time. good luck.

[cfc1] 26/10/2017 17:08

gcom2...lol...true! but last q it went up so I expect 'inline' with analyst expectations, no shocks but no news on DoJ....
But clearly on road to recovery...they have had a good run lately so could drop (profit taking on news....buy the rumour sell the news stuff) but i will reamin holding either way. I want to see this back at 500p!

[smurfy2001] 26/10/2017 17:06

RBS has confirmed the sale of its stake in settlement house Euroclear for €275m (£245m), with the owner of the New York Stock Exchange snapping up its 4pc stake.

The sale is expected to provide a one-off boost to its fourth quarter results of £175m once costs and tax are discounted.

[smurfy2001] 26/10/2017 17:05

Another Q profit? See you chaps in the morning :) Hopefully no further RMBS writedowns.

[raffles the gentleman thug] 26/10/2017 16:58

Yup but RBS is the most rate sensitive financial (twice that of LLoY) so it's got positive earnings momentum which is something rapidly disappearing in U.K. Plc

[gcom2] 26/10/2017 16:24

prob get whacked tomorrow, it's traditional

[leedskier] 26/10/2017 16:06

cfc1, I rather had that impression.

[leedskier] 26/10/2017 16:05

BARC

180.70 -16.30 (-8.27%)
Real-time:

[cfc1] 26/10/2017 16:03

RBS are largely out of investment banking stuff these days unlike Barclays - right?

[tfergi] 26/10/2017 16:03

Unilever as well...

[tfergi] 26/10/2017 16:02

BARC and GSK hammered on results this week. What chance has RBS got tomorrow.....

[maxk] 26/10/2017 12:38

Re the rent a room for recovering patients thing.

£250 a week might sound good, but even a moments reflection would blow all sorts of holes in that arrangement.

Who for example carry's the risk of something happening to the guest? Normal insurance wont cover you, you'll need cover up the wazoo to stay the right side of the ambulance chasers.

From what I've read, proper care homes cant make it pay at £1k a week, so where is £250 going to get you?

[blusteradjuster] 26/10/2017 11:26

Watched Bladerunner 2049 yesterday.

That Airbnb model might become increasingly prevelant and automated (robot helpers).

Don’t like the sound of it? Some would welcome it in order to lower their taxation..

[leedskier] 26/10/2017 11:25

UK retail sales fall off a cliff

BREAKING: UK retail sales have suffered their sharpest monthly decline since the financial crisis.

That’s according to the CBI’s monthly survey of the UK retail sector.

It found that just 15% of retailers reported that sales volumes were up in October on a year ago, whilst 50% said they were down. That gives a rounded balance of -36%, the worst reading since March 2009 - when Britain had fallen into recession after the financial crisis.

Firms reported that sales were below average for the time of year. Suppliers have also been hit -- with orders dropping at the fastest rate since March 2009.