Previous Close | 6.43 |
Open | 6.42 |
Bid | 0.00 x 3200 |
Ask | 0.00 x 2900 |
Day's Range | 6.41 - 6.52 |
52 Week Range | 4.71 - 7.80 |
Volume | |
Avg. Volume | 1,917,815 |
Market Cap | 29.219B |
Beta (5Y Monthly) | 1.30 |
PE Ratio (TTM) | 6.14 |
EPS (TTM) | 1.06 |
Earnings Date | N/A |
Forward Dividend & Yield | 0.34 (5.16%) |
Ex-Dividend Date | Mar 16, 2023 |
1y Target Est | 9.72 |
Ireland's Finance Ministry and Britain's NatWest Group said on Friday they had jointly sold 54.6 million shares in Permanent TSB representing 10% of the Irish bank's share capital. The Irish state will continue to hold 57.4% of PTSB while NatWest will retain a 11.7% stake. PTSB, the smallest of the three domestically owned banks that survived Ireland's financial crash a decade ago, was effectively nationalised in 2011.
State bailed out lender, formerly known as RBS Group, in near-£46bn deal during 2008 financial crisis
(Bloomberg) -- NatWest Group Plc has agreed to buy back £1.26 billion ($1.6 billion) of its shares from the UK government as the Treasury continues to sell down its stake after a bailout during the financial crisis over a decade ago. Most Read from BloombergChina’s $23 Trillion Local Debt Mess Is About to Get WorseMexico Raises Alert Level on Volcano Rumbling Near CapitalMeta Fined Record €1.2 Billion in EU Over US Data TransfersMessi, Ronaldo Lead Saudi Arabia's Multibillion-Dollar MakeoverThe
It is the latest in a series of stake sales by UK Government Investments as the state seeks to whittle down its shareholding in the bank.
The government has sold £1.2bn of NatWest shares, reducing its ownership of the bailed out bank by nearly 3%. The state now holds a 38.6% stake in the lender, which was at its peak 84% owned by taxpayers following the global financial crisis of 2008. The government said in the budget it aimed to sell all its interest in the bank by 2025 or 2026 but will only sell its remaining shares when it represents value for money to do so.
LONDON (Reuters) -British state-backed bank NatWest has agreed to buy 1.3 billion pounds ($1.6 billion) worth of its shares back from the government, as it edges closer towards private ownership 15 years after it was bailed out in the global financial crisis. The deal will reduce the government's stake in the former Royal Bank of Scotland to 38.69% from around 41.4%. NatWest shares gained 0.9% in early trading.
European stock markets traded in a mixed fashion Monday, with investors cautious as negotiations surrounding the potential raising of the U.S. debt ceiling continue. At 03:20 ET (07:20 GMT), the DAX futures contract in Germany traded 0.3% lower, CAC 40 futures in France dropped 0.2%, while the FTSE 100 futures contract in the U.K. dropped 0.1%. Europe's macro calendar is fairly light today, with May eurozone consumer confidence data and speeches from European Central Bank officials Luis de Guindos and Philip Lane the main highlights.
Several major banks, including NatWest, Lloyds Banking Group and Halifax are also shutting down branches.
Banking group says some customers have had to dip into savings because of rising prices
NatWest shares slide on disappointing deposit figures despite profit surge.
The bank’s better-than-expected results follow rival Barclays recording its largest quarterly profit in at least 12 years.
LONDON (Reuters) -British bank NatWest reported a 20 billion pound fall in deposits in the first quarter as consumers faced with a cost of living crisis forked out on steeper bills and shopped around for the best deals on their savings. The bank's CEO Alison Rose said competition for savings amid higher Bank of England interest rates had stepped up and households and businesses feeling the squeeze from high inflation were drawing on savings and paying down some debts. Despite a forecast-beating jump in profits, boosted by the higher rate environment, the bank's shares fell 6% as investors digested a third straight quarter of lower deposits and no upgrade to performance forecasts for the year.
NWG vs. HDB: Which Stock Is the Better Value Option?
EGY, DAC and NWG made it to the Zacks Rank #1 (Strong Buy) value stocks list on April 26, 2023.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
The British bank is strong and resilient in contrast, chairman Howard Davies told shareholders at its annual general meeting in Edinburgh.
Market analysts reveal what could be on the cards for UK bank earnings this week.
Alison Rose said in a short film that her company supports 40,000 farmers across the country.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
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