Strong NatWest Earnings Signal Positive Momentum

2 days ago

Louise Moon

"Indeed. Yeah, investors are seemingly very happy. Shares are soared to a 15-year high this morning on the back of that. So, as you say, their third quarter results, beating estimates across the board really on a number of metrics. So, taking pre-tax profit for example, it was 30% higher than last year. And this is their highest earnings in at least a decade. So, a strong set of results essentially benefiting from higher interest rates."

The commentary highlights NatWest's robust third quarter performance, with a notable 30% increase in pre-tax profit from last year and a 15-year high in share price, driven by higher interest rates and an ongoing digital transformation. It underscores a positive earnings surprise that boosts investor sentiment.