NatWest Group (GB:NWG)
LSE:NWG
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NatWest Group
(LSE:NWG)
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Rating:64Neutral
Price Target:
567.00 p
▼(-1.46% Downside)
Action:DowngradedDate:02/20/26
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.
Positive Factors
Sustained profitability and margins
NatWest's multi-year profitability recovery and strong 2025 margins (RoTE ~19%) reflect durable operating strength across retail and corporate lines. Consistent earnings and improved margins support reinvestment, distributions and buffer resilience over the next 2–6 months.
Negative Factors
Volatile cash flow conversion
Inconsistent cash conversion (positive in 2020–21, negative in 2022–23 and 2025) weakens the link between reported profit and real cash available for capital returns. This elevates balance-sheet sensitivity and complicates sustained distribution planning in the near term.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained profitability and margins
NatWest's multi-year profitability recovery and strong 2025 margins (RoTE ~19%) reflect durable operating strength across retail and corporate lines. Consistent earnings and improved margins support reinvestment, distributions and buffer resilience over the next 2–6 months.
Read all positive factors
NatWest Group (NWG) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£45.87B
Dividend Yield3.85%
Average Volume (3M)21.15M
Price to Earnings (P/E)9.0
Beta (1Y)1.67
Revenue Growth4.27%
EPS Growth26.21%
CountryUK
Employees59,400
SectorFinancial
Sector Strength70
IndustryBanks - Diversified
Share Statistics
EPS (TTM)0.17
Shares Outstanding7,981,138,700
10 Day Avg. Volume15,436,107
30 Day Avg. Volume21,150,626
Financial Highlights & Ratios
PEG Ratio0.32
Price to Book (P/B)1.23
Price to Sales (P/S)1.76
P/FCF Ratio-3.03
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£741.82Price Target Upside28.92% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering12
EPS Forecast (FY)0.72
Revenue Forecast (FY)£17.86B
NatWest Group Business Overview & Revenue Model
Company Description
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, ...
How the Company Makes Money
NatWest Group makes money mainly by earning interest income and fee-based income from providing banking products and financial services.
1) Net interest income (core earnings driver): The group funds itself largely through customer deposits (curr...
NatWest Group Earnings Call Summary
Earnings Call Date:Feb 13, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 01, 2026
Earnings Call Sentiment Positive
The call conveyed a strongly positive operational and financial narrative: robust 2025 results (income +12%, EPS +27%), meaningful cost savings and improved efficiency (cost/income down 4.8ppts), strong capital generation (252bps) and pronounced strategic ambition (Evelyn Partners acquisition, 2028 targets for >4% CAL growth, cost/income <45%, RoTE >18%). Notable risks include RWA and regulatory headwinds (Basel 3.1), exposure to hedge assumptions for near‑term income, integration and adviser retention execution risk on Evelyn, and some revenue and cost pressures tied to expected rate cuts and inflationary/staff cost pressures. On balance the positive operating momentum, capital strength and explicit guidance/targets outweigh the risks highlighted.Positive Updates
Strong overall financial performance
Income (ex-notables) +12% to GBP 16.4bn; operating profit GBP 7.7bn; profit attributable GBP 5.5bn. EPS +27% to 68p; dividends per share +51% to 32.5p; tangible NAV per share +17% to 384p; RoTE 19.2%; CET1 ratio 14%.
Negative Updates
Regulatory / RWA headwinds (Basel 3.1 & model inflation)
RWAs increased by GBP 10.1bn to GBP 193.3bn in 2025 (including CRD IV model inflation ~GBP 7.3bn). Management expects Basel 3.1 (Jan 2027) to increase RWAs by around GBP 10bn, raising capital requirements and nominal CET1 need despite some Pillar 2 offsets.
Read all updates
Q4-2025 Updates
Positive
Negative
Strong overall financial performance
Income (ex-notables) +12% to GBP 16.4bn; operating profit GBP 7.7bn; profit attributable GBP 5.5bn. EPS +27% to 68p; dividends per share +51% to 32.5p; tangible NAV per share +17% to 384p; RoTE 19.2%; CET1 ratio 14%.
Read all positive updates
Company Guidance
NatWest guided for 2026 (ex‑Evelyn Partners) to income excluding notable items of £17.2–17.6bn, other operating expenses of ~£8.2bn, a loan impairment rate below 25bps, capital generation of around 200bps before distributions and a return on tangible equity >17%; it targets a CET1 ratio of around 13% (supervisory minimum 11.6%), expects Basel 3.1 to raise RWAs by ~£10bn (Jan‑2027), and reiterated a c.50% dividend payout policy with scope for buybacks (2025 distributions were £4.1bn: buybacks £1.5bn, dividends £2.6bn, including a £750m buyback). Management also flagged a strong hedge tailwind (combined hedge notional ~£198bn in 2025, hedge yield rising from 2.4% in 2025 to ~3.1% in 2026, with 2026 hedge income ~£1.5bn higher than 2025 and 2027 ~£1bn higher than 2026 and equity‑hedge income ~£500m in 2025). Looking to 2028 (including Evelyn), targets are CAL growth >4% p.a., a cost‑income ratio <45%, >200bps capital generation before distributions and RoTE >18%.NatWest Group Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
64
Positive
Cash Flow
38
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 21.80B | 29.84B | 14.34B | 14.17B | 12.98B | 11.75B |
| Gross Profit | 15.30B | 16.30B | 14.34B | 14.78B | 13.35B | 10.34B |
| EBITDA | 7.86B | 8.79B | 7.25B | 6.56B | 5.55B | 4.77B |
| Net Income | 5.25B | 5.83B | 4.80B | 4.64B | 3.59B | 3.27B |
Balance Sheet | ||||||
| Total Assets | 730.78B | 714.55B | 707.99B | 692.67B | 720.05B | 781.99B |
| Cash, Cash Equivalents and Short-Term Investments | 90.71B | 98.23B | 182.46B | 104.52B | 145.06B | 177.76B |
| Total Debt | 69.96B | 71.83B | 65.92B | 127.26B | 116.55B | 125.60B |
| Total Liabilities | 688.80B | 671.94B | 668.61B | 655.49B | 683.56B | 740.19B |
| Stockholders Equity | 41.96B | 42.60B | 39.35B | 37.16B | 36.49B | 41.80B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -17.35B | 694.00M | -14.92B | -44.24B | 52.79B |
| Operating Cash Flow | 0.00 | -16.68B | 1.77B | -13.37B | -43.60B | 53.69B |
| Investing Cash Flow | 0.00 | -15.91B | -12.70B | -14.69B | 19.06B | 3.06B |
| Financing Cash Flow | 0.00 | 22.41B | -1.89B | -23.52B | -10.65B | -2.60B |
NatWest Group Technical Analysis
Positive
575.40
Price Trends
582.03
Negative
593.14
Negative
549.46
Positive
Market Momentum
-4.95
Negative
55.67
Neutral
93.98
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:NWG, the sentiment is Positive. The current price of 575.4 is above the 20-day moving average (MA) of 549.45, below the 50-day MA of 582.03, and above the 200-day MA of 549.46, indicating a neutral trend. The MACD of -4.95 indicates Negative momentum. The RSI at 55.67 is Neutral, neither overbought nor oversold. The STOCH value of 93.98 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:NWG.
NatWest Group Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | £218.71B | 12.10 | 8.88% | 4.27% | -11.86% | -24.31% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | £57.29B | 14.00 | 8.08% | 3.41% | -22.85% | -21.12% | |
65 Neutral | £35.23B | 11.02 | 9.85% | 1.70% | -4.35% | 21.86% | |
64 Neutral | £45.87B | 9.00 | 14.96% | 3.85% | 4.27% | 26.21% | |
61 Neutral | £56.02B | 9.37 | 9.41% | 1.50% | 14.18% | 46.12% | |
53 Neutral | £299.80M | 24.71 | 1.89% | ― | -3.77% | -147.20% |
* Financial Sector Average
GB:NWG
NatWest Group
575.40
184.06
47.03%
GB:STAN
Standard Chartered
1,590.50
680.51
74.78%
GB:BARC
Barclays
408.75
171.65
72.40%
GB:HSBA
HSBC Holdings
1,272.80
571.28
81.43%
GB:LLOY
Lloyds Banking
97.94
36.98
60.66%
GB:VANQ
Vanquis Banking Group
118.20
64.10
118.48%
NatWest Group Corporate Events
Business Operations and StrategyStock Buyback
NatWest Advances Buyback With Multi-Day Share Repurchases
Positive
Mar 20, 2026
NatWest Group has continued its ongoing share buyback programme, repurchasing several million ordinary shares over the week of 16–20 March 2026 across the London Stock Exchange and alternative venues such as CHIX and BATE. The purchases were...
Business Operations and Strategy
NatWest to Redeem £500 Million Fixed-Rate Notes One Year Early
Neutral
Mar 18, 2026
NatWest Group plc has announced it will redeem in full its £500 million Fixed to Fixed Rate Notes due 28 March 2027, exercising its issuer call option to repay the securities early on 28 March 2026 at par plus accrued interest. The move retir...
Business Operations and StrategyStock Buyback
NatWest steps up buyback with fresh week of share repurchases
Positive
Mar 13, 2026
NatWest Group has continued its share buyback activity, purchasing several million ordinary shares over the week of 9–13 March 2026 across the London Stock Exchange and alternative trading venues such as CHIX and BATE. The trades, executed v...
Business Operations and StrategyExecutive/Board Changes
NatWest Ties Executive Pay More Closely to Long‑Term Performance With New Share Awards
Neutral
Mar 11, 2026
NatWest Group has granted new performance share plan and deferred share awards to senior executives under its 2024 Employee Share Plan, tying a significant portion of leadership remuneration to future performance, multi‑year vesting schedule...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
NatWest accelerates capital return with fresh buyback and updated reporting
Positive
Mar 6, 2026
NatWest Group has repurchased more than one million of its own ordinary shares on 6 March 2026 across the London Stock Exchange and other trading venues as part of its ongoing share buyback programme. The bank plans to cancel the repurchased share...
Business Operations and StrategyStock Buyback
NatWest Continues Share Buyback With Nearly 900,000 Shares Repurchased
Positive
Mar 5, 2026
NatWest Group has continued its existing share buyback programme, repurchasing a total of 891,842 ordinary shares on 5 March 2026 across the London Stock Exchange, Cboe Europe (CHIX) and BATS Europe (BATE). The shares, bought at volume-weighted av...
Business Operations and StrategyStock Buyback
NatWest Cancels Further Shares After Fresh Buyback Tranche
Positive
Mar 4, 2026
NatWest Group has repurchased 458,962 of its ordinary shares as part of its ongoing share buyback programme, acquiring stock across the London Stock Exchange, Cboe Europe (CHIX) and BATS Europe at volume-weighted average prices around 592 pence. T...
Business Operations and StrategyStock Buyback
NatWest Cancels Over 1 Million Shares in Ongoing Buyback Programme
Positive
Mar 3, 2026
NatWest Group has repurchased a total of 1,033,?925 ordinary shares on 3 March 2026 across the London Stock Exchange, Cboe Europe (CHIX) and BATS Europe venues, at volume‑weighted average prices around 585 pence per share, as part of its ong...
Business Operations and StrategyStock Buyback
NatWest Cancels Nearly 1 Million Shares in Latest Buyback Tranche
Positive
Mar 2, 2026
NatWest Group has repurchased 974,572 of its ordinary shares on 2 March 2026 across the London Stock Exchange, Cboe Europe (CHIX) and BATS Europe (BATE) as part of its ongoing share buyback programme instructed to UBS AG, London Branch in mid-Febr...
Business Operations and StrategyStock Buyback
NatWest Continues Capital Return With Further Share Buybacks
Positive
Feb 27, 2026
NatWest Group has repurchased 761,489 of its own ordinary shares on 27 February 2026 across the London Stock Exchange, CHI-X and BATS venues, at volume-weighted average prices around 622p per share. The transactions are part of the bank’s on...
Regulatory Filings and Compliance
NatWest updates market on total voting rights and share capital
Neutral
Feb 27, 2026
NatWest Group has disclosed its total voting rights and share capital position as of 27 February 2026, detailing the structure of its ordinary and preference shares. The bank reported just under 8.2 billion shares in issue across ordinary and pref...
Business Operations and StrategyPrivate Placements and Financing
NatWest Raises USD 750m Through Tier 2 Subordinated Bond
Positive
Feb 27, 2026
NatWest Group has priced a USD 750 million Fixed-to-Fixed Reset Rate Subordinated Tier 2 bond due 2047, adding long-dated capital to its funding mix. The proceeds will support the group’s general banking business, reinforcing balance sheet f...
Business Operations and StrategyStock Buyback
NatWest Cancels 462,747 Shares in Ongoing Buyback Programme
Positive
Feb 26, 2026
NatWest Group has repurchased a total of 462,747 of its own ordinary shares on 26 February 2026 across the London Stock Exchange, Cboe Europe (CHIX) and BATS Europe (BATE) as part of its ongoing share buyback programme. The transactions, executed ...
Business Operations and StrategyStock Buyback
NatWest Repurchases and Plans to Cancel Nearly 468,000 Shares Under Buyback
Positive
Feb 25, 2026
NatWest Group has repurchased 467,642 of its ordinary shares on 25 February 2026 across the London Stock Exchange, Cboe Europe’s CHIX and BATE venues, at volume-weighted average prices of around 610–611 pence per share. These transacti...
Business Operations and StrategyStock Buyback
NatWest Continues Buyback With Purchase of 739,000 Shares for Cancellation
Positive
Feb 24, 2026
NatWest Group has continued its share buyback activity, purchasing a total of 739,078 ordinary shares on 24 February 2026 across the London Stock Exchange and alternative trading venues. The trades, executed via UBS under previously issued instruc...
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
NatWest Sets Final Terms for €750 Million 2037 Fixed-to-Floating Note Issue
Positive
Feb 24, 2026
NatWest Group has published the final terms for a €750 million issue of 3.756% Fixed to Floating Rate Reset Notes due February 2037, issued under its £40 billion Euro Medium Term Note Programme. The notes, documented under an existing b...
Stock Buyback
NatWest Cancels Further Shares After Latest Buyback Tranche
Positive
Feb 23, 2026
NatWest Group has continued its share buyback programme, purchasing a total of 782,352 ordinary shares from UBS across the London Stock Exchange, Cboe Europe’s CHIX and BATE venues on 23 February 2026. The trades were executed at volume̴...
Business Operations and StrategyStock Buyback
NatWest Cancels 533,910 Shares in Ongoing Buyback Programme
Positive
Feb 20, 2026
NatWest Group has continued its ongoing share buyback programme, repurchasing a total of 533,910 ordinary shares on 20 February 2026 across the London Stock Exchange and alternative trading venues at a volume-weighted average price of just over 62...
Business Operations and StrategyStock Buyback
NatWest Continues Share Buyback With 752,846 Shares Repurchased for Cancellation
Positive
Feb 19, 2026
NatWest Group has continued its on-market share buyback programme, repurchasing a total of 752,846 ordinary shares on 19 February 2026 across the London Stock Exchange and other trading venues at volume-weighted average prices slightly above 616p ...
Business Operations and StrategyStock Buyback
NatWest Advances Capital Return with New Share Buyback Tranche
Positive
Feb 18, 2026
NatWest Group has repurchased 541,067 ordinary shares on 18 February 2026 across the London Stock Exchange, CHIX and BATE trading venues as part of its ongoing share buyback programme with UBS acting as counterparty. The repurchased shares, bought...
Financial DisclosuresRegulatory Filings and Compliance
NatWest Group Files Annual Form 20-F with U.S. SEC
Positive
Feb 18, 2026
NatWest Group plc has filed its Annual Report on Form 20-F for the year with the U.S. Securities and Exchange Commission, reinforcing its compliance with U.S. reporting requirements as a foreign issuer. The report is now accessible on both the SEC...
Business Operations and StrategyStock Buyback
NatWest Cancels 634,502 Shares Under Ongoing Buyback Programme
Positive
Feb 17, 2026
NatWest Group has repurchased 634,502 of its ordinary shares, with a nominal value of £1.0769 each, from UBS across multiple trading venues including the London Stock Exchange, CHIX and BATE, at volume-weighted average prices around 609p per ...
Business Operations and StrategyStock Buyback
NatWest Advances Buyback With 634,623-Share Repurchase
Positive
Feb 16, 2026
NatWest Group has continued its capital management strategy by repurchasing 634,623 ordinary shares on 16 February 2026 across the London Stock Exchange and alternative trading venues. The purchases, executed via UBS at volume-weighted average pri...
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
NatWest Updates £40bn Euro Medium Term Note Programme with FCA-Approved Supplement
Positive
Feb 16, 2026
NatWest Group has published a supplementary prospectus to its £40 billion Euro Medium Term Note Programme, originally established in December 2025 and now updated via a document dated 13 February 2026. The supplementary prospectus has been ap...
Business Operations and StrategyStock Buyback
NatWest launches £750m share buyback to cut share capital
Positive
Feb 16, 2026
NatWest Group has launched a new share buyback programme of up to £750 million, beginning on 16 February 2026 and running to no later than mid-January 2027, with a possible short extension to February. The initiative, conducted via non-discre...
Business Operations and StrategyStock Buyback
NatWest Completes £750m Share Buyback Programme
Positive
Feb 13, 2026
NatWest Group has executed further purchases of its own ordinary shares on the London Stock Exchange as part of its existing share buyback programme with Merrill Lynch International. The latest transaction involved 889,690 shares bought at a volum...
Business Operations and StrategyDividendsFinancial Disclosures
NatWest lifts profits, capital and dividends on broad UK customer growth
Positive
Feb 13, 2026
NatWest Group, one of the UK’s largest retail and commercial banks, operates across Retail Banking, Private Banking Wealth Management, and Commercial Institutional segments, with offerings ranging from mortgages and savings to investment a...
Financial DisclosuresRegulatory Filings and Compliance
NatWest files 2025 annual report as it flags mounting macro and market risks
Negative
Feb 13, 2026
NatWest Group has published its 2025 Annual Report and Accounts and its 2025 Pillar 3 regulatory disclosure, making both documents available via the UK’s National Storage Mechanism and the bank’s investor website, with printed copies t...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
NatWest Advances Capital Return with Further Share Buyback and Cancellation
Positive
Feb 12, 2026
NatWest Group has repurchased 880,853 of its ordinary shares on 12 February 2026 as part of its ongoing share buyback programme, with trades executed by Merrill Lynch International on the London Stock Exchange at a volume-weighted average price of...
Business Operations and StrategyStock Buyback
NatWest Buys Back and Cancels 857,224 Shares Under Ongoing Programme
Positive
Feb 11, 2026
NatWest Group has repurchased 857,224 of its ordinary shares on 11 February 2026 as part of its ongoing share buyback programme, with trades executed on the London Stock Exchange via Merrill Lynch International. The bank plans to cancel these shar...
Business Operations and StrategyPrivate Placements and Financing
NatWest to Redeem $1 Billion Callable Notes Ahead of 2027 Maturity
Positive
Feb 11, 2026
NatWest Group has announced it will redeem in full its $1 billion 5.847% Senior Callable Fixed-to-Fixed Reset Rate Notes due 2027 on 2 March 2026, exercising its call option under the existing indenture. The move retires all outstanding securities...
Business Operations and StrategyStock Buyback
NatWest Continues Share Buyback With 914,095-Share Repurchase
Positive
Feb 10, 2026
NatWest Group has repurchased 914,095 ordinary shares on 10 February 2026 as part of its ongoing share buyback programme, paying a volume‑weighted average price of 611.77 pence per share. The transaction was executed on the London Stock Exch...
Business Operations and StrategyStock Buyback
NatWest Continues Buyback With New Share Repurchase and Cancellation
Positive
Feb 9, 2026
NatWest Group has continued its ongoing share buyback programme, repurchasing 841,455 ordinary shares of £1.0769 nominal value each from Merrill Lynch International on 9 February 2026. The shares were bought on the London Stock Exchange at pr...
Business Operations and StrategyStock BuybackFinancial DisclosuresM&A Transactions
NatWest to Buy Evelyn Partners for £2.7bn and Launch £750m Buyback
Positive
Feb 9, 2026
NatWest Group has agreed to acquire U.K. wealth manager Evelyn Partners for an enterprise value of £2.7 billion and launch a £750 million share buyback, in a move that will create what it calls the country’s leading private banking...
Business Operations and StrategyStock Buyback
NatWest Continues Buyback with £0.66-per-Share Repurchase on LSE
Positive
Feb 6, 2026
NatWest Group has repurchased 797,428 of its own ordinary shares on 6 February 2026 from Merrill Lynch International as part of its ongoing share buyback programme, at a volume-weighted average price of 659.29 pence per share on the London Stock E...
Business Operations and StrategyStock Buyback
NatWest Continues Share Buyback with Further £1 Nominal Shares Repurchase
Positive
Feb 5, 2026
NatWest Group plc has continued execution of its share buyback programme, repurchasing 805,465 ordinary shares on 5 February 2026 from Merrill Lynch International on the London Stock Exchange at a volume-weighted average price of 664.69 pence per ...
Stock Buyback
NatWest Buys Back 765,496 Shares for Cancellation Under Ongoing Programme
Positive
Feb 4, 2026
NatWest Group plc has repurchased 765,496 of its own ordinary shares on 4 February 2026 as part of its ongoing share buyback programme, executed via Merrill Lynch International on the London Stock Exchange at a volume-weighted average price of 697...
Business Operations and StrategyStock Buyback
NatWest Buys Back and Cancels 767,600 Shares Under Ongoing Programme
Positive
Feb 3, 2026
NatWest Group has repurchased 767,600 of its ordinary shares on 3 February 2026 as part of its ongoing share buyback programme, at a volume-weighted average price of 694.55 pence per share on the London Stock Exchange. The bank intends to cancel t...
Business Operations and StrategyStock Buyback
NatWest Buys Back and Cancels Nearly 796,000 Shares Under Ongoing Programme
Positive
Feb 2, 2026
NatWest Group plc has repurchased 795,988 of its ordinary shares on 2 February 2026 on the London Stock Exchange as part of its existing share buyback programme, at a volume-weighted average price of 673.71 pence per share. The bank intends to can...
Business Operations and StrategyStock Buyback
NatWest Continues Share Buyback With Purchase of 787,709 Shares
Positive
Jan 30, 2026
NatWest Group has continued its existing share buyback programme by repurchasing 787,709 ordinary shares on 30 January 2026 from Merrill Lynch International on the London Stock Exchange at a volume-weighted average price of 663.60 pence per share....
Regulatory Filings and Compliance
NatWest Group Updates Market on Total Voting Rights and Share Capital
Neutral
Jan 30, 2026
NatWest Group has disclosed its total voting rights and issued share capital as at 30 January 2026, in line with UK Disclosure Guidance and Transparency Rules. The bank reported 7,991,063,144 ordinary shares in issue excluding treasury shares, wit...
Stock Buyback
NatWest Continues Share Buyback With £0.66-per-Share Repurchase
Positive
Jan 29, 2026
NatWest Group has repurchased 808,436 of its ordinary shares on 29 January 2026 from Merrill Lynch International as part of its ongoing share buyback programme, paying a volume-weighted average price of 659.73p per share on the London Stock Exchan...
Stock Buyback
NatWest Continues Share Buyback with £0.81m Share Repurchase on 28 January
Positive
Jan 28, 2026
NatWest Group has repurchased 810,744 of its own ordinary shares on 28 January 2026 through Merrill Lynch International as part of its ongoing share buyback programme, at a volume-weighted average price of 661.96 pence per share on the London Stoc...
Stock Buyback
NatWest Repurchases 796,761 Shares for Cancellation Under Ongoing Buyback
Positive
Jan 27, 2026
NatWest Group has repurchased 796,761 of its own ordinary shares on 27 January 2026 as part of its ongoing share buyback programme, at a volume-weighted average price of 665.48 pence per share on the London Stock Exchange. The repurchased shares, ...
Business Operations and StrategyStock Buyback
NatWest Repurchases and Cancels Over 800,000 Shares Under Ongoing Buyback
Positive
Jan 26, 2026
NatWest Group has repurchased 811,927 of its ordinary shares on 26 January 2026 as part of its ongoing share buyback programme, with the trades executed by Merrill Lynch International on the London Stock Exchange at a volume-weighted average price...
Stock Buyback
NatWest Repurchases and Cancels 821,613 Shares Under Ongoing Buyback Programme
Positive
Jan 23, 2026
NatWest Group has repurchased 821,613 ordinary shares on 23 January 2026 from Merrill Lynch International as part of its existing share buyback programme, paying a volume-weighted average price of 649.75p per share. The bank intends to cancel the ...
Business Operations and StrategyStock Buyback
NatWest Repurchases Over 800,000 Shares Under Ongoing Buyback Programme
Positive
Jan 22, 2026
NatWest Group has repurchased 811,319 of its ordinary shares on 22 January 2026 as part of its ongoing share buyback programme, with the shares bought on the London Stock Exchange at a volume-weighted average price of 654.46 pence. The bank plans ...
Stock Buyback
NatWest Continues Share Buyback With January Purchase for Cancellation
Positive
Jan 21, 2026
NatWest Group has repurchased 830,691 of its own ordinary shares on 21 January 2026 from Merrill Lynch International as part of its ongoing share buyback programme, paying a volume-weighted average price of 647.34 pence per share on the London Sto...
Business Operations and StrategyStock Buyback
NatWest Buys Back Over 800,000 Shares for Cancellation in Ongoing Capital Return
Positive
Jan 20, 2026
NatWest Group has repurchased 812,206 of its ordinary shares on 20 January 2026 as part of its ongoing share buyback programme, with the trades executed by Merrill Lynch International on the London Stock Exchange at a volume‑weighted average...
Stock Buyback
NatWest Continues Share Buyback With Purchase of 827,000 Shares
Positive
Jan 19, 2026
NatWest Group has continued its existing share buyback programme by repurchasing 826,992 ordinary shares on 19 January 2026 from Merrill Lynch International on the London Stock Exchange, at a volume-weighted average price of 643.14 pence per share...
Business Operations and StrategyStock Buyback
NatWest Continues Share Buyback With New £0.644 per Share Purchase
Positive
Jan 16, 2026
NatWest Group has continued its ongoing share buyback programme, repurchasing 827,502 ordinary shares on 16 January 2026 from Merrill Lynch International on the London Stock Exchange at a volume-weighted average price of 644.39 pence per share. Th...
Business Operations and StrategyStock Buyback
NatWest Continues Share Buyback With New £0.64-Per-Share Repurchase
Positive
Jan 15, 2026
NatWest Group has repurchased 827,445 of its own ordinary shares on 15 January 2026 through Merrill Lynch International as part of its ongoing share buyback programme, paying a volume-weighted average price of 640.29 pence per share on the London ...
Business Operations and StrategyStock Buyback
NatWest Continues Capital Return Drive With Further Share Buyback
Positive
Jan 14, 2026
NatWest Group has repurchased 842,406 ordinary shares on 14 January 2026 as part of its ongoing share buyback programme, buying the stock on the London Stock Exchange at a volume-weighted average price of 630.97p per share. The bank intends to can...
Business Operations and StrategyStock Buyback
NatWest Repurchases and Cancels 845,000 Shares Under Ongoing Buyback
Positive
Jan 13, 2026
NatWest Group has repurchased 845,398 of its ordinary shares on 13 January 2026 from Merrill Lynch International as part of its ongoing share buyback programme, paying a volume-weighted average price of 630.81 pence per share on the London Stock E...
Business Operations and StrategyStock Buyback
NatWest Continues Capital Return Drive With Further Share Buyback and Cancellation
Positive
Jan 12, 2026
NatWest Group has repurchased 842,883 of its ordinary shares on 12 January 2026 from Merrill Lynch International as part of its ongoing share buyback programme, paying a volume-weighted average price of 640.01 pence per share on the London Stock E...
Business Operations and StrategyExecutive/Board Changes
NatWest refreshes board with tech-focused non-executive director appointment
Positive
Jan 12, 2026
NatWest Group has announced that long-serving non-executive director Yasmin Jetha will retire from its board on 31 March 2026, marking the end of her tenure that began in 2017. The bank has appointed technology veteran Albert Hitchcock as an indep...
Business Operations and StrategyStock Buyback
NatWest Repurchases and Cancels Further Shares Under Ongoing Buyback Programme
Positive
Jan 9, 2026
NatWest Group has continued its existing share buyback programme, repurchasing 841,756 ordinary shares on 9 January 2026 on the London Stock Exchange at a volume-weighted average price of 641.89 pence per share from Merrill Lynch International. Th...
Business Operations and StrategyStock Buyback
NatWest Cancels 799,553 Shares in Ongoing Buyback Programme
Positive
Jan 8, 2026
NatWest Group has repurchased 799,553 of its ordinary shares on 8 January 2026 from Merrill Lynch International as part of its ongoing share buyback programme, paying a volume-weighted average price of 640.21 pence per share on the London Stock Ex...
Business Operations and StrategyStock Buyback
NatWest Continues Share Buyback with £848,792-Share Repurchase for Cancellation
Positive
Jan 7, 2026
NatWest Group plc has repurchased 848,792 of its own ordinary shares on 7 January 2026 as part of its ongoing share buyback programme, executed through Merrill Lynch International on the London Stock Exchange at a volume-weighted average price of ...
Business Operations and StrategyStock Buyback
NatWest Repurchases and Cancels 787,737 Shares Under Ongoing Buyback Programme
Positive
Jan 6, 2026
NatWest Group plc has repurchased 787,737 of its ordinary shares on 6 January 2026 from Merrill Lynch International as part of its ongoing share buyback programme, paying a volume-weighted average price of 666.27 pence per share on the London Stoc...
Stock Buyback
NatWest Continues Share Buyback With Purchase of 806,867 Shares for Cancellation
Positive
Jan 5, 2026
NatWest Group has repurchased 806,867 of its ordinary shares on 5 January 2026 from Merrill Lynch International as part of its ongoing share buyback programme, paying a volume-weighted average price of 664.25 pence per share on the London Stock Ex...
Other
NatWest Chairman and Non-Executive Directors Increase Shareholdings
Positive
Jan 5, 2026
NatWest Group has disclosed that its chairman and several independent non-executive directors, including the senior independent director, purchased additional ordinary shares in the bank on 2 January 2026 under the company’s shareholding pol...
Business Operations and StrategyStock Buyback
NatWest Continues Share Buyback With Repurchase of Over 1 Million Shares
Positive
Jan 2, 2026
NatWest Group plc has repurchased 1,060,397 of its ordinary shares on 2 January 2026 as part of its ongoing share buyback programme, with trades executed on the London Stock Exchange through Merrill Lynch International. The bank intends to cancel ...
Business Operations and StrategyStock Buyback
NatWest Repurchases and Cancels 562,698 Shares Under Ongoing Buyback Programme
Positive
Jan 2, 2026
NatWest Group has continued its ongoing share buyback programme by repurchasing 562,698 ordinary shares from Merrill Lynch International on 31 December 2025, at a volume-weighted average price of 651.29 pence per share on the London Stock Exchange...
Stock Buyback
NatWest Repurchases and Cancels Further Shares Under Ongoing Buyback Programme
Positive
Dec 24, 2025
NatWest Group has repurchased 193,319 of its ordinary shares on 24 December 2025 under its ongoing share buyback programme, with the shares acquired on the London Stock Exchange at a volume-weighted average price of 647.46 pence. The bank intends ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.