Negative
20Serious
Neutral
Optimistic
Positive
- Total News Sources
- 5
- Left
- 2
- Center
- 1
- Right
- 1
- Unrated
- 1
- Last Updated
- 37 min ago
- Bias Distribution
- 40% Left
NatWest Group's third-quarter profits surged by 26%, with the bank reporting a pretax operating profit of £1.7 billion, exceeding analysts' expectations of £1.5 billion. This performance was buoyed by increased lending and deposits despite a competitive mortgage market and falling interest rates. The bank also raised its income forecast for fiscal 2024 to £14.4 billion and expects a return on tangible equity above 15%, up from 14%. Net interest income grew 8%, and customer deposits increased by £2.2 billion in the quarter. The British lender is progressing towards full privatization, with the government's stake dropping below 16% this month. These results highlight NatWest's resilience in maintaining robust revenue levels amidst economic uncertainties.
- Total News Sources
- 5
- Left
- 2
- Center
- 1
- Right
- 1
- Unrated
- 1
- Last Updated
- 37 min ago
- Bias Distribution
- 40% Left
Negative
20Serious
Neutral
Optimistic
Positive
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