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NatWest Group ( (GB:NWG) ) has issued an announcement.
NatWest Group reported a robust first quarter for 2026, with total income excluding notable items of £4.2 billion and operating profit of £2.0 billion, both ahead of the prior year. Attributable profit rose to £1.4 billion, earnings per share increased 15.5% to 17.9 pence, and Return on Tangible Equity reached 18.2%, supporting strong capital generation and a higher tangible net asset value per share.
The bank delivered broad-based growth in customer assets and liabilities, with net loans up £7.2 billion and deposits up £3.1 billion, driven by mortgage expansion and higher commercial balances, albeit partly offset by weaker market-driven asset management values. Management highlighted more than £100 million of additional cost savings, an improved cost:income ratio, active risk-weighted asset management, and a stronger CET1 ratio of 14.3%, while upgrading income guidance to the top end of its prior range, underscoring confidence despite macroeconomic uncertainty.
The most recent analyst rating on (GB:NWG) stock is a Hold with a £7.20 price target. To see the full list of analyst forecasts on NatWest Group stock, see the GB:NWG Stock Forecast page.
Spark’s Take on NWG Stock
According to Spark, TipRanks’ AI Analyst, NWG is a Neutral.
The score is driven primarily by solid profitability and upbeat guidance/capital returns, reinforced by attractive valuation. These positives are tempered by weak and volatile cash flow (including the most recent year), and softer near-term technical momentum.
To see Spark’s full report on NWG stock, click here.
More about NatWest Group
NatWest Group is a major UK-based banking and financial services group, operating across retail banking, private banking and wealth management, and commercial and institutional banking. Serving around 20 million customers, it focuses on lending, deposits, investment and advisory services, with an increasing emphasis on digital channels and AI-driven solutions in its home UK market.
Average Trading Volume: 19,231,851
Technical Sentiment Signal: Buy
Current Market Cap: £45.32B
For an in-depth examination of NWG stock, go to TipRanks’ Overview page.