NatWest Group (OTCMKTS:RBSPF) Shares Up 6.5% - Here's Why

Key Points

• NatWest Group shares rose by 6.5% during trading, closing at $7.30, following a previous close of $6.86.
• The company reported earnings per share of $0.20, exceeding analysts' estimates of $0.18, alongside a revenue of $5.50 billion against expectations of $4.06 billion.
• NatWest has a market capitalization of $56.65 billion and a PE ratio of 9.21, indicating relatively strong financial health with low debt levels.

NatWest Group PLC (OTCMKTS:RBSPF - Get Free Report) shares traded up 6.5% during trading on Friday . The company traded as high as $7.30 and last traded at $7.30. 15,719 shares were traded during trading, a decline of 7% from the average session volume of 16,882 shares. The stock had previously closed at $6.86.

NatWest Group Price Performance

The company has a 50-day moving average of $7.08 and a two-hundred day moving average of $6.65. The stock has a market capitalization of $56.65 billion, a PE ratio of 9.21 and a beta of 0.94. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.05 and a quick ratio of 1.05.

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

NatWest Group Company Profile

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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