NatWest Group (OTCMKTS:RBSPF) Shares Gap Up - Here's Why

Key Points

• NatWest Group's shares opened at $7.37 on Monday, rising from a previous close of $7.07, marking an increase of 4.6%.
• The company reported quarterly earnings of $0.20 per share, exceeding expectations of $0.18, with revenues significantly beating estimates at $5.50 billion compared to $4.06 billion.
• NatWest Group has a market capitalization of $59.84 billion, a P/E ratio of 9.73, and maintains financial ratios indicating a stable financial position.

NatWest Group PLC (OTCMKTS:RBSPF - Get Free Report) shares gapped up prior to trading on Monday . The stock had previously closed at $7.07, but opened at $7.37. NatWest Group shares last traded at $7.37, with a volume of 227 shares traded.

NatWest Group Stock Up 4.6%

The stock has a market cap of $59.84 billion, a P/E ratio of 9.73 and a beta of 0.94. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.14. The firm's fifty day moving average is $7.04 and its 200 day moving average is $6.63.

NatWest Group (OTCMKTS:RBSPF - Get Free Report) last posted its quarterly earnings results on Friday, July 25th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.02. The company had revenue of $5.50 billion for the quarter, compared to analyst estimates of $4.06 billion. NatWest Group had a net margin of 16.84% and a return on equity of 11.99%.

About NatWest Group

NatWest Group plc, together with its subsidiaries, provides banking and financial products and services to personal, commercial, corporate, and institutional customers in the United Kingdom and internationally. It operates through Retail Banking, Private Banking, and Commercial & Institutional segments.

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