NatWest Group (LON:NWG) Issues Quarterly Earnings Results

NatWest Group (LON:NWG) released its quarterly earnings results on Friday. The company reported GBX 20.10 earnings per share (EPS) for the quarter, Digital Look Earnings reports. NatWest Group had a net margin of 21.17% and a return on equity of 16.16%. The company had revenue of GBX 450.40 billion for the quarter.

NatWest Group Trading Down 8.6%

LON NWG opened at GBX 580.40 on Friday. The company’s fifty day simple moving average is GBX 672.17 and its 200-day simple moving average is GBX 635.63. NatWest Group has a 52 week low of GBX 504.41 and a 52 week high of GBX 788.20. The stock has a market cap of £45.99 billion, a P/E ratio of 7.78, a PEG ratio of 0.46 and a beta of 0.82.

Insider Activity

In related news, insider Katie Murray sold 111,000 shares of NatWest Group stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of GBX 690, for a total transaction of £765,900. Also, insider Paul Thwaite sold 260,000 shares of the business’s stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of GBX 690, for a total transaction of £1,794,000. Insiders acquired a total of 396 shares of company stock valued at $261,386 in the last 90 days. Company insiders own 0.21% of the company’s stock.

NatWest Group News Summary

Here are the key news stories impacting NatWest Group this week:

• Positive Sentiment: NatWest reported third-quarter revenue of approximately £450.4 billion and pre-tax profit of about £2.2 billion, with higher net interest income supporting performance. Management maintained its full-year guidance, suggesting no deterioration in its current outlook. NatWest Group Q3 Pre-tax Profit Rises on Higher Net Interest Income
• Positive Sentiment: Jefferies reaffirmed its “buy” rating and set a GBX 770 price target, substantially above the recent trading level, indicating continued broker confidence in NatWest’s valuation and earnings prospects.
• Positive Sentiment: NatWest reported the cancellation of the latest tranche of repurchased shares. Canceling buyback shares reduces the outstanding share count and can modestly support future per-share metrics. NatWest Group Cancels Latest Tranche of Share Buybacks
• Neutral Sentiment: NatWest updated its total voting rights and issued share capital as of October 30, a routine disclosure following the share repurchase activity. NatWest Updates Voting Rights and Share Capital
• Neutral Sentiment: The bank filed an FCA-approved supplement to its £40 billion Euro Medium Term Note programme, maintaining its funding and debt-issuance framework without an immediate earnings impact. NatWest Updates Euro Medium Term Note Programme
• Negative Sentiment: Although revenue beat expectations, reported EPS of GBX 20.10 missed estimates and quarterly profit was described as flat or lower year over year. That earnings-quality concern appears to be the main reason investors are selling despite resilient interest income and unchanged guidance. NatWest Q3 2026 Earnings

Wall Street Analyst Weigh In

A number of research analysts have recently commented on NWG shares. Citigroup upped their price objective on shares of NatWest Group from GBX 840 to GBX 860 and gave the company a “buy” rating in a research note on Wednesday, September 23rd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 840 target price on shares of NatWest Group in a research report on Monday, August 3rd. Royal Bank Of Canada reissued a “sector perform” rating and set a GBX 725 price target on shares of NatWest Group in a research report on Monday, August 3rd. Jefferies Financial Group reiterated a “buy” rating and set a GBX 770 target price on shares of NatWest Group in a report on Friday. Finally, JPMorgan Chase & Co. increased their target price on shares of NatWest Group from GBX 790 to GBX 830 and gave the stock a “neutral” rating in a research report on Tuesday, September 15th. Four equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 800.71.

NatWest Group Company Profile

We’re a UK-focussed bank serving over 20 million customers, with businesses across retail, commercial and private banking markets.

With a brand history stretching back nearly 300 years, we have our roots in the communities we serve across every nation and region of the UK. Our brands include NatWest, Royal Bank of Scotland, Ulster Bank and Coutts.