Royal Bank Of Scotland Share Discussion Threads

[ianood] 25/1/2018 09:08

dbesim1 my site rules say filtered!

[smurfy2001] 25/1/2018 07:05

Oil hitting new highs copper break out on the weekly

[polar fox] 25/1/2018 06:41

You're correct, I don't have to read your posts and you join a few others, on filter.

[leedskier] 25/1/2018 06:29

The USD continues to fall. £ buys $1.43 at pixel time. This has pushed up commodity prices. Brent now above $70. Gold and Copper stronger too.

[dbesim1] 25/1/2018 00:59

sorry, Polar, but site rules don't say we have to take orders from you. If you don't care for it don't read it.
..and if you're not interested in this share, place your comments elsewhere.

[polar fox] 24/1/2018 21:12

Please stop posting your stale articles on this thread - we went through all this last month. Do you think we are all stupid? Enough.

[dbesim1] 24/1/2018 20:58

Bank swaps: Morgan Stanley upgrades RBS, downgrades both Lloyds and Barclays

[...]

The US investment bank raised its stance on RBS to ‘overweight217; from ‘equal-weight’ with an increased target price of 330p from 265p, with the shares trading at 288.6p
RBS sign
Meanwhile, both Lloyds and Barclays’ saw their ratings cut back to ‘equal-weight’ from ‘overweight217; by Morgan Stanley
Royal Bank of Scotland Group PLC (LON:RBS) topped the FTSE 100 leader board in late morning trading, boosted by an upgrade from Morgan Stanley in a review of the UK banking sector which also saw them downgrade both Lloyds Banking Group PLC (LON:LLOY) and Barclays PLC (LON:BARC).

The US investment bank raised its stance on RBS to ‘overweight217; from ‘equal-weight’ with an increased target price of 330p from 265p, with the shares trading at 288.6p, up 8.1p or 2.9% on last night’s close.

READ: RBS has reportedly agreed the sale of Lombard Finance's offshore leasing business for £150mln

Meanwhile, both Lloyds and Barclays’ saw their ratings cut back to ‘equal-weight’ from ‘overweight217; by Morgan Stanley, with their targets reduced to 75p from 80p and 215p from 230p, respectively.

Lloyds shares slipped 0.02p lower to 68.38p, while Barclays shed 1.1%, or 2.2p at 199.6p.

In the note to clients, the Morgan Stanley analysts said: “We believe RBS offers better earnings visibility vs. peers as market share wins in mortgages will make it less vulnerable to ongoing asset spread compression in the segment.”

They added: “At the same time, substantial deleveraging in its corporate book and less exposure to consumer should see more resilient asset quality performance if macro were to deteriorate.”

The analysts also estimate that, with a lower increase in capital requirements than its peers, RBS could afford share buybacks equivalent to 15-20% of its market cap over time on top of dividend payments.

Litigation risks remain

They said litigation costs remain the biggest risk in 2018, with RBS expected to settle with the US Department of Justice on mortgage-backed securities mis-selling soon, with Morgan Stanley factoring-in a £2.5bn provision top-up in the fourth quarter of 17, which is the average of the fines it has tracked.

For Lloyds, the analysts said that, despite higher capital requirement, it is more optimistic on the margin outlook than consensus; however, with the stock trading at 1.3 times estimated tangible book value they see less room for a re-rating.

For Barclays, the analysts said they believe investors would need to assume £750mln-£;1bn higher market revenues versus the bank’s estimates to buy the stock - 20% upside.

[leedskier] 24/1/2018 13:39

The stronger £££; impacting the Index?


7,693.44 -38.39 (-0.50%)

[irish_neris] 24/1/2018 10:03

"Mr Mallon has been in the role of chief executive at Ulster Bank since 2015, and yesterday the bank announced that it would make a €1.5bn payment to its parent, Royal Bank of Scotland, next week making it the only Irish bank to pay out a second dividend payment since the crash.

The decision to pay the dividend underscores the strength of the regional lender’s recovery and points up the renewed health of the of bank lending market as employment levels and house prices continue to rise."

hxxps://www.independent.ie/business/irish/ulster-bank-chief-executive-to-resign-36524715.html

[raffles the gentleman thug] 24/1/2018 09:53

Well the good news is that RBS's DoJ liability will be rapidly declining in Sterling terms ...

[smurfy2001] 23/1/2018 21:53

I'm glad to see the focus on cost cutting.

[sux_2bu] 23/1/2018 18:24

Many investors after the 2008 crash have had it easy.

They will very soon find out what a Bear market is and what losing their shirt means. ;-)

[raffles the gentleman thug] 23/1/2018 18:17

Well he would say that wouldn't he. I mean there's a whole generation of investors out there who have zero experience of the bond market selling off like its starting to do. They simply haven't known anything else for the best part of twenty years ...

[maxk] 23/1/2018 18:14

Nicked from the lloy thread.



'Optimism reminiscent of last financial crisis'

By Joe Miller
BBC News, Davos



The newfound optimism about the state of the global economy is eerily reminiscent of the lead-up to the last financial crisis, the head of Barclays has warned.

"I do feel like that it is a little bit like 2006," Jes Staley told delegates at the World Economic Forum in Davos.



Speaking on a panel ominously entitled "The Next Financial Crisis", Mr Staley said that despite an encouraging recovery, "there is something out there in the capital markets".


Full story:

[raffles the gentleman thug] 23/1/2018 16:42

Pleasure leedskier - think fact the Fed, the marginal buyer of treasuries, will be absent from the market which doesn't help either, albeit that's good for rising bond yields and ultimately supportive for RBS.But I think the growth in debt issuance is the main problem. Most economists are not expecting more than a 0.1% to 0.2% incremental GDP contribution from the tax cuts given the full employment picture so at best the impact of the tax plan is neutral over the long term, and in the short term it has to be Dollar negative. But how much is priced in given the 10% decline on trade weighted basis last year and 3% decline so far this year is the big question

[polar fox] 23/1/2018 16:31

Oil prices rise as traders bet that U.S. supplies fell a 10th week in a row - MW

[leedskier] 23/1/2018 16:27

The fall in the USD may be pushing up the price of Oil. Brent has just topped $70.

[leedskier] 23/1/2018 16:23

Thank you for the explanation. Must confess that I had not researched it myself.