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NatWest Group Reports Robust 2024 Performance with Strategic Growth and Innovation

Story Highlights
  • NatWest Group achieved strong financial results in 2024, with £14.6 billion income and 17.5% RoTE.
  • The company focuses on growth and innovation, reducing government ownership and enhancing shareholder value.
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NatWest Group Reports Robust 2024 Performance with Strategic Growth and Innovation

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NatWest Group ( (GB:NWG) ) just unveiled an update.

NatWest Group reported a strong financial performance in 2024 with an income of £14.6 billion and return on tangible equity of 17.5%. The company achieved significant growth across customer segments and successfully reduced the UK Government’s shareholding. It reported an attributable profit of £4.5 billion, with dividends per share increasing by 26%, reflecting disciplined growth and strategic focus. Looking forward, NatWest aims to continue its transformation into a more integrated, technology-driven bank, poised for further growth and value creation for shareholders.

More about NatWest Group

NatWest Group is a major financial services organization operating in the banking industry, offering a range of services including retail, private, and commercial banking. The company serves over 19 million customers and focuses on providing support and services for home buying, business growth, and investment, primarily within the UK market.

YTD Price Performance: 11.91%

Average Trading Volume: 24,548,318

Technical Sentiment Consensus Rating: Sell

Current Market Cap: £36.21B

For a thorough assessment of NWG stock, go to TipRanks’ Stock Analysis page.

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