NatWest Group (GB:NWG)
LSE:NWG
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NatWest Group
(LSE:NWG)
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Rating:60Neutral
Price Target:
594.00 p
▼(-5.11% Downside)
Action:Reiterated
Date:05/04/26
The score is driven mainly by mixed fundamentals: strong profitability and improving leverage are offset by highly inconsistent (and most recently negative) operating/free cash flow. Technical indicators further weigh on the score due to weak momentum and trading below key moving averages. These risks are partially balanced by attractive valuation (low P/E, high dividend yield) and a generally positive earnings call with raised income guidance and strong capital generation.
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
£45.08B
Dividend Yield3.85%
Average Volume (3M)21.15M
Price to Earnings (P/E)7.4
Beta (1Y)1.71
Revenue Growth2.05%
EPS Growth20.10%
CountryUK
Employees59,400
SectorFinancial
Sector Strength70
IndustryBanks - Diversified
Share Statistics
EPS (TTM)0.60
Shares Outstanding7,974,396,500
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
£738.64Price Target Upside17.99% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering12
EPS Forecast (FY)0.73
Revenue Forecast (FY)£18.01B
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:May 01, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 31, 2026
Earnings Call Sentiment Positive
The call presented a broad set of positive operational and financial outcomes — robust lending and deposit growth, strong AUM inflows, improved efficiency, high RoTE, EPS and capital generation, and clearer medium-term income tailwinds from hedging — while acknowledging manageable near-term headwinds: a one-off macro-driven provision, mortgage margin re-pricing as COVID-era deals roll off, market-driven AUM volatility and some YoY cost increases tied to accelerated investment and restructuring. Management maintained full-year guidance (income now at the top end of the prior range), highlighted resilience in credit quality and strong stress-test performance, and signaled continued confidence despite geopolitical and competitive pressures.Positive Updates
Strong lending growth
Customer lending grew 6.6% year-on-year to GBP 400 billion with GBP 7.3 billion of lending growth in Q1 (including GBP 3.3 billion in mortgages and GBP 3.8 billion in Commercial & Institutional).
Negative Updates
Incremental impairment provision linked to macro uncertainty
Quarterly impairment charge was GBP 283 million (26 bps of loans), including an additional GBP 140 million provision driven by revised macroeconomic scenarios (higher inflation and rates remaining at 3.75%). Underlying impairment excluding this was 16 bps.
Read all updates
Q1-2026 Updates
Positive
Negative
Strong lending growth
Customer lending grew 6.6% year-on-year to GBP 400 billion with GBP 7.3 billion of lending growth in Q1 (including GBP 3.3 billion in mortgages and GBP 3.8 billion in Commercial & Institutional).
Read all positive updates
Company Guidance
Management raised 2026 income guidance to the top end of the £17.2–£17.6bn range (ex‑Evelyn), kept full‑year costs around £8.2bn (ex‑Evelyn), and reiterated a loan impairment rate below 25bps for 2026 after taking a Q1 ECL provision of £140m (Q1 impairment £283m, 26bps; underlying 16bps); they also expect ~200bps of capital generation before distributions this year (65bps generated in Q1), plan to operate at around 13% CET1 (Q1 CET1 14.3%), see product hedge reinvestment at c.3.9% and equity hedge c.4.7%, and retain the >4% p.a. CAL growth target to 2028 (client assets & liabilities just over £900bn, up 5.2% y/y).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
Negative
626.00
Price Trends
571.44
Negative
591.12
Negative
566.43
Positive
Market Momentum
-4.65
Positive
46.82
Neutral
36.16
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:NWG, the sentiment is Negative. The current price of 626 is above the 20-day moving average (MA) of 573.69, above the 50-day MA of 571.44, and above the 200-day MA of 566.43, indicating a neutral trend. The MACD of -4.65 indicates Positive momentum. The RSI at 46.82 is Neutral, neither overbought nor oversold. The STOCH value of 36.16 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
72 Outperform | £229.85B | 9.62 | 12.07% | 4.27% | -10.53% | 7.24% | |
70 Outperform | £57.84B | 6.14 | 9.46% | 1.50% | 7.44% | 15.64% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | £55.39B | 8.87 | 10.75% | 3.41% | -18.98% | 23.57% | |
65 Neutral | £42.13B | 6.05 | 10.34% | 1.70% | -13.41% | 33.11% | |
60 Neutral | £45.08B | 7.35 | 14.55% | 3.85% | 2.05% | 20.10% | |
53 Neutral | £276.46M | 24.71 | 1.89% | ― | 0.07% | ― |
* Financial Sector Average
GB:NWG
NatWest Group
567.00
77.21
15.76%
GB:STAN
Standard Chartered
1,879.00
750.26
66.47%
GB:BARC
Barclays
425.00
103.45
32.17%
GB:HSBA
HSBC Holdings
1,326.80
482.98
57.24%
GB:LLOY
Lloyds Banking
96.30
21.36
28.50%
GB:VANQ
Vanquis Banking Group
106.60
23.80
28.74%
NatWest Group Corporate Events
Business Operations and StrategyStock Buyback
NatWest advances capital return with latest share buyback tranche
Positive
May 1, 2026
NatWest Group has continued its capital return strategy with further share buybacks, purchasing several million ordinary shares over the week to 1 May 2026 from UBS across the London Stock Exchange and alternative trading venues. The highest price...
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
NatWest Updates £40bn Euro Medium-Term Note Programme with New Supplement
Neutral
May 1, 2026
NatWest Group has published a second supplementary prospectus to its £40 billion Euro Medium Term Note Programme, originally established in December 2025 and recently approved by the Financial Conduct Authority. The document, now available vi...
Business Operations and StrategyFinancial Disclosures
NatWest posts strong Q1 2026 results and raises income guidance
Positive
May 1, 2026
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...
Business Operations and StrategyFinancial Disclosures
NatWest lifts 2026 income outlook after strong first quarter
Positive
May 1, 2026
NatWest Group reported a strong start to 2026, with Q1 operating profit rising to £2.0 billion and attributable profit reaching £1.4 billion, driven by total income excluding notable items of £4.2 billion and an 18.2% return on tang...
Regulatory Filings and Compliance
NatWest Updates Total Voting Rights and Share Capital as of 30 April 2026
Neutral
Apr 30, 2026
NatWest Group has disclosed its total voting rights and issued share capital as of 30 April 2026, detailing the number of ordinary shares in issue, those held in treasury, and cumulative preference shares. The company reported total issued shares ...
Business Operations and StrategyStock BuybackDividendsShareholder Meetings
NatWest investors back all resolutions at 2026 AGM, approve 23p dividend
Positive
Apr 28, 2026
NatWest Group shareholders approved all resolutions at the 2026 annual general meeting in Edinburgh, including the receipt of the 2025 report and accounts and the appointment of PricewaterhouseCoopers as auditors. Investors also backed a final div...
Business Operations and StrategyStock BuybackDividendsShareholder Meetings
NatWest Investors Back Board, Dividend and Capital Flexibility at AGM
Positive
Apr 28, 2026
NatWest Group shareholders overwhelmingly backed the board and management at the bank’s annual general meeting in Edinburgh, approving the 2025 report and accounts, the directors’ remuneration report and a final dividend of 23 pence pe...
Business Operations and StrategyExecutive/Board ChangesStock BuybackDividendsShareholder Meetings
NatWest pivots to growth-focused future after full return to private ownership
Positive
Apr 28, 2026
NatWest Group’s 2026 AGM marked the first full year since its return to complete private ownership after the UK government exited its stake in 2025, which the board framed as a symbolic shift from post‑crisis recovery to long‑ter...
Business Operations and StrategyStock Buyback
NatWest Advances Share Buyback With Multi‑Venue Repurchases
Positive
Apr 24, 2026
NatWest Group has continued to execute its share buyback strategy, repurchasing several million ordinary shares over the past week via UBS across the London Stock Exchange and alternative venues at prices mostly between about 579p and 613p. The ba...
Business Operations and StrategyDividends
NatWest Declares Half-Year Dividends on High-Coupon Preference Shares
Positive
Apr 20, 2026
NatWest Group has declared half-yearly dividends on its 11 per cent and 5.5 per cent cumulative preference shares for the period to 31 March 2026, continuing its practice of returning value to holders of these legacy instruments. The dividends, se...
Business Operations and StrategyStock Buyback
NatWest Steps Up Share Buyback With Latest Treasury Purchases
Positive
Apr 17, 2026
NatWest Group has continued its ongoing share buyback programme, purchasing several tranches of ordinary shares from UBS over 16 and 17 April 2026 across the London Stock Exchange and multilateral trading facilities. The move is part of its previo...
Business Operations and StrategyPrivate Placements and Financing
NatWest to Redeem $1.5 Billion Senior Notes Ahead of 2027 Maturity
Positive
Apr 17, 2026
NatWest Group has announced that it will redeem in full its outstanding $1.5 billion 1.642% Senior Callable Fixed-to-Fixed Reset Rate Notes due 2027 on 14 June 2026, exercising its call option under the governing indenture. The move will retire th...
Stock Buyback
NatWest Cancels Newly Repurchased Shares Under Ongoing Buyback Programme
Positive
Apr 10, 2026
NatWest Group has repurchased 2,823 ordinary shares over the past week as part of its ongoing share buyback programme, with the trades executed by UBS AG on the London Stock Exchange. The bank plans to cancel the repurchased shares, leaving 7,981,...
Business Operations and StrategyStock Buyback
NatWest Advances Share Buyback With Further Share Purchases and Cancellations
Positive
Apr 2, 2026
NatWest Group has continued its existing share buyback programme, repurchasing ordinary shares with a nominal value of £1.0769 each from UBS AG, London Branch over several days at prices in the mid-500 pence range across the London Stock Exch...
Business Operations and Strategy
NatWest Directors Boost Shareholdings Under Board Policy
Positive
Apr 2, 2026
NatWest Group disclosed that its chair and several independent non-executive directors, including the senior independent director, purchased small tranches of ordinary shares on 1 April 2026 in line with the company’s shareholding policy for...
Regulatory Filings and Compliance
NatWest updates market on total voting rights and share capital
Neutral
Mar 31, 2026
NatWest Group has disclosed its total voting rights and issued share capital as of 31 March 2026, reporting just over 8.17 billion shares in issue across ordinary and preference classes. Of these, approximately 7.98 billion are ordinary shares in ...
Business Operations and StrategyStock Buyback
NatWest Continues Share Buyback, Plans Cancellation of Repurchased Stock
Positive
Mar 27, 2026
NatWest Group has continued executing its existing share buyback programme, repurchasing a series of tranches of ordinary shares from UBS over the week of 23–27 March 2026 across the London Stock Exchange and alternative trading venues. The ...
Business Operations and StrategyStock BuybackPrivate Placements and FinancingShareholder Meetings
NatWest sets 2026 AGM and seeks fresh capital and buyback authorities
Neutral
Mar 24, 2026
NatWest Group has called its 2026 AGM for 28 April in Edinburgh and will again pair the physical meeting with a virtual shareholder event to broaden access and engagement. Shareholders are being encouraged to submit questions in advance and can vo...
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...
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.