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NatWest Group
(LSE:NWG)
NatWest Group (NWG) vs. iShares MSCI United Kingdom ETF (EWC)
NatWest Group Business Overview & Revenue Model
NatWest Group Earnings Call Summary
NatWest Group Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 21.80B | 14.34B | 14.17B | 12.98B | 11.75B | 7.69B |
| Gross Profit | 15.30B | 14.34B | 14.78B | 13.35B | 10.34B | 10.80B |
| EBITDA | 7.86B | 7.25B | 6.56B | 5.55B | 4.77B | 677.00M |
| Net Income | 5.25B | 4.80B | 4.64B | 3.59B | 3.27B | -727.00M |
Balance Sheet | ||||||
| Total Assets | 730.78B | 707.99B | 692.67B | 720.05B | 781.99B | 799.49B |
| Cash, Cash Equivalents and Short-Term Investments | 90.71B | 182.46B | 104.52B | 145.06B | 177.76B | 124.49B |
| Total Debt | 69.96B | 65.92B | 127.26B | 116.55B | 125.60B | 103.97B |
| Total Liabilities | 688.80B | 668.61B | 655.49B | 683.56B | 740.19B | 755.67B |
| Stockholders Equity | 41.96B | 39.35B | 37.16B | 36.49B | 41.80B | 43.86B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 694.00M | -14.92B | -44.24B | 52.79B | 28.72B |
| Operating Cash Flow | 0.00 | 1.77B | -13.37B | -43.60B | 53.69B | 29.09B |
| Investing Cash Flow | 0.00 | -12.70B | -14.69B | 19.06B | 3.06B | 7.55B |
| Financing Cash Flow | 0.00 | -1.89B | -23.52B | -10.65B | -2.60B | 90.00M |
NatWest Group Technical Analysis
NatWest Group Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | £184.92B | 14.86 | 8.88% | 4.51% | -11.86% | -24.31% | |
78 Outperform | £56.48B | 9.73 | 9.72% | 1.59% | 14.18% | 46.12% | |
77 Outperform | $37.87B | 11.26 | 10.45% | 1.81% | -4.35% | 21.86% | |
75 Outperform | £46.96B | 8.89 | 14.96% | 4.03% | 4.27% | 26.21% | |
75 Outperform | £52.44B | 15.46 | 8.08% | 3.50% | -22.85% | -21.12% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
61 Neutral | £297.26M | ― | -16.30% | ― | -3.77% | -147.20% |
NatWest Group Corporate Events
NatWest Group plc has announced the purchase of 855,069 of its own ordinary shares as part of its ongoing share buyback program. The repurchased shares, acquired at an average price of 623.54 GBp, will be cancelled, reducing the total number of shares in circulation and potentially enhancing shareholder value.
NatWest Group plc announced a transaction involving Rick Haythornthwaite, the Chairman, who purchased 23,869 ordinary shares at £6.2820 each on the London Stock Exchange. This transaction highlights insider confidence in the company’s stock, potentially impacting investor perceptions and market positioning.
NatWest Group plc has announced the approval and publication of a prospectus for its £40 billion Euro Medium Term Note Programme. This development signifies a strategic financial move, potentially enhancing the company’s capital structure and offering more flexibility in its funding operations, which could impact its market positioning and stakeholder interests.
NatWest Group plc has announced the purchase of 843,622 ordinary shares as part of its ongoing share buyback program, with the intention to cancel these shares. This move is part of a strategy to manage its capital structure and potentially enhance shareholder value, reflecting the company’s commitment to optimizing its financial operations and market positioning.
NatWest Group plc announced the purchase of 851,396 ordinary shares as part of its ongoing share buyback program, with the intention to cancel these shares. This move is part of a strategic effort to manage its capital structure, potentially enhancing shareholder value and indicating confidence in the company’s financial health.
NatWest Group plc has announced the purchase of 834,401 of its own ordinary shares as part of its ongoing share buyback program. This transaction, executed through Merrill Lynch International, aims to cancel the repurchased shares, impacting the company’s share capital structure by holding 230,155,278 shares in treasury and having 8,011,219,497 shares in issue.
NatWest Group has successfully passed the Bank of England’s 2025 stress test, demonstrating its strong financial resilience. The Group’s capital ratios remained well above the required minimums, highlighting its ability to withstand severe economic scenarios without needing strategic management actions. This outcome underscores the continued strengthening of NatWest’s balance sheet since the previous stress test, ensuring sustainable value creation and robust shareholder distributions.
NatWest Group plc has announced the purchase of 2,432,493 ordinary shares as part of its ongoing share buyback program, with the shares acquired from Merrill Lynch International. The company plans to cancel these repurchased shares, which will impact the total number of shares in issue, reflecting a strategic move to manage its capital structure and potentially enhance shareholder value.
NatWest Group plc has announced the redemption of its $1.5 billion 6.000% Perpetual Subordinated Contingent Convertible Additional Tier 1 Capital Notes on December 29, 2025. This redemption will result in a gain to Common Equity Tier 1 of approximately 5 basis points due to changes in foreign exchange rates since the issuance of the Notes, potentially strengthening the company’s capital position.
NatWest Group plc has announced the purchase of 492,803 of its own ordinary shares as part of its ongoing share buyback program. The shares, acquired at a volume-weighted average price of 632.06 GBp, will be cancelled, reducing the number of shares in circulation and potentially enhancing shareholder value.
NatWest Group plc has announced the total voting rights and capital as of 28 November 2025, in line with the Disclosure Guidance and Transparency Rules. The company reported a total of 32,061,985,824 voting rights, which shareholders can use to assess their interest in the company. This update is crucial for stakeholders to understand their voting power and any potential changes in their shareholding status.
NatWest Group plc announced the purchase of 34,122 ordinary shares as part of its ongoing share buyback program, executed through Merrill Lynch International. The company plans to cancel the repurchased shares, which is expected to optimize its capital structure and potentially enhance shareholder value. Following this transaction, NatWest holds a significant number of shares in treasury, reflecting its strategic focus on managing share capital effectively.
NatWest Group has announced the declaration of half-yearly dividends on its 11 per cent and 5.5 per cent cumulative preference shares, set to be paid on 31 December 2025. This decision reflects the company’s commitment to providing returns to its shareholders and could impact its financial performance and stakeholder confidence.
NatWest Group plc has announced the purchase of 429,074 ordinary shares as part of its ongoing share buyback program, with the intention to cancel these shares. This move is part of the company’s strategy to manage its capital structure and return value to shareholders, reflecting its strong financial position and commitment to enhancing shareholder returns.
NatWest Group plc has announced the purchase of 880,354 of its own ordinary shares as part of its ongoing share buyback program. These shares, bought from Merrill Lynch International, will be canceled, reducing the total number of shares in circulation. This move is part of a strategic effort to manage the company’s capital structure and potentially enhance shareholder value.
NatWest Group plc has announced the purchase of 911,626 ordinary shares as part of its ongoing share buyback program. This transaction, executed through Merrill Lynch International, is part of the company’s strategy to manage its capital structure, with the repurchased shares intended for cancellation. Following this transaction, NatWest will hold over 230 million shares in treasury, with more than 8 billion shares remaining in issue, reflecting the company’s continued efforts to optimize shareholder value.
NatWest Group plc announced the purchase of 922,666 ordinary shares as part of its ongoing share buyback program. This transaction, executed through Merrill Lynch International, is intended to enhance shareholder value by reducing the number of shares in circulation, with the repurchased shares set to be canceled. Following this transaction, NatWest will hold over 230 million shares in treasury, reflecting its strategic focus on optimizing its capital structure and returning value to shareholders.
NatWest Group plc has announced the purchase of 918,142 ordinary shares as part of its ongoing share buyback program, with the highest price paid being 585.00 GBp and the lowest at 577.00 GBp. This transaction, executed through Merrill Lynch International, is part of the company’s strategy to manage its capital structure, and the repurchased shares will be canceled, impacting the total number of shares in issue and potentially benefiting shareholders by increasing the value of remaining shares.
NatWest Group plc has announced the repurchase of 905,959 ordinary shares as part of its ongoing share buyback program. The shares, purchased from Merrill Lynch International, will be canceled, reducing the total number of shares in circulation. This move is part of NatWest’s strategy to manage its capital structure and return value to shareholders.
NatWest Group’s Chief Financial Officer, Katie Murray, is set to participate in a fireside chat at the J.P. Morgan UK Leaders Conference on November 19, 2025. This participation highlights NatWest’s engagement with key industry events and may provide insights into the company’s strategic direction and financial outlook.
NatWest Group plc has announced the purchase of 917,778 of its own ordinary shares as part of its ongoing share buyback program. This move, executed through Merrill Lynch International, is aimed at reducing the number of shares in circulation, thereby potentially increasing the value of remaining shares and benefiting shareholders. The company plans to cancel the repurchased shares, which will leave it with over 8 billion shares in issue, excluding treasury shares.
NatWest Group plc announced recent transactions involving its senior management, highlighting significant share purchases and options grants. Independent non-executive director Joshua Critchley acquired 16,000 ordinary shares on the London Stock Exchange, while options under the 2017 UK ShareSave Plan were granted to several executives, including Solange Chamberlain, James Holian, and Maria Kokkinou, with varying contract terms. These transactions reflect strategic moves to align management interests with company performance, potentially impacting stakeholder confidence and market perception.
NatWest Group plc has announced the purchase of 882,700 of its own ordinary shares as part of its ongoing share buyback program. This transaction, executed through Merrill Lynch International, is intended to reduce the number of shares in circulation by canceling the repurchased shares, which could potentially enhance shareholder value by increasing earnings per share.
NatWest Group plc has announced the purchase of 886,570 ordinary shares as part of its ongoing share buyback program. This transaction, executed through Merrill Lynch International, reflects the company’s strategic move to manage its capital structure by reducing the number of shares in circulation, potentially enhancing shareholder value.
NatWest Group plc announced the purchase of 45,476 ordinary shares as part of its ongoing share buyback program. The transaction, executed through Merrill Lynch International, reflects the company’s strategy to manage its capital structure effectively by reducing the number of shares in circulation, potentially enhancing shareholder value.
NatWest Group plc has released its Q3 2025 Pillar 3 documents for its large subsidiaries, which are now accessible on its website. This publication is part of the company’s regulatory compliance and transparency efforts, potentially impacting stakeholders by providing insights into the financial stability and risk management practices of the group.
NatWest Group plc announced the delivery of ordinary shares to its senior executives under the 2024 Employee Share Plan, reflecting a fixed share allowance for the quarter ending December 2025. The shares, calculated at a price of £5.8640, were partially withheld to cover tax liabilities, with the remainder to be released over five years. Additionally, several executives, including the Group CEO and CFO, sold shares on the London Stock Exchange, indicating strategic financial decisions within the company.
NatWest Group plc has announced the publication of the Final Terms for its GBP750 million 4.758% Fixed to Fixed Rate Reset Notes due November 2031. These notes are part of the company’s £40 billion Euro Medium Term Note Programme. The release of these terms is a significant step in NatWest’s financial strategy, potentially impacting its market operations and offering insights into its future financial planning.
NatWest Group plc announced the purchase of 970,948 ordinary shares as part of its ongoing share buyback program. This transaction, executed through Merrill Lynch International, is intended to reduce the number of shares in circulation, enhancing shareholder value and reflecting the company’s commitment to returning capital to its investors.
NatWest Group plc has announced the purchase of 908,333 ordinary shares as part of its ongoing share buyback program, executed through Merrill Lynch International. The company plans to cancel these shares, which is expected to impact its share capital structure by reducing the number of shares in circulation, potentially increasing shareholder value.
NatWest Group plc has announced its total voting rights and capital as of October 31, 2025, in compliance with the Disclosure Guidance and Transparency Rules. The company reported a total of 8,256,961,977 issued shares, with 32,104,495,388 total voting rights, which shareholders can use to assess their interest in the company. This announcement provides transparency and ensures compliance with regulatory requirements, potentially impacting shareholder decisions and market perceptions.
NatWest Group plc has announced the purchase of 844,255 of its own ordinary shares as part of an ongoing share buyback program. The repurchased shares, acquired from Merrill Lynch International, will be canceled, reducing the total number of shares in circulation and potentially enhancing shareholder value.
NatWest Group plc has announced the purchase of 760,031 of its own ordinary shares as part of its ongoing share buyback program, with the intention to cancel these shares. This move is part of a strategic effort to manage the company’s capital structure and potentially enhance shareholder value, reflecting a proactive approach to capital management in the competitive banking industry.
NatWest Group plc has announced the repurchase of 777,379 ordinary shares as part of its ongoing share buyback program, with the intention to cancel these shares. This move is part of a strategic effort to manage the company’s capital structure and enhance shareholder value, reflecting a commitment to returning capital to shareholders.
NatWest Group plc has announced the purchase of 36,599 ordinary shares as part of its ongoing share buyback program, executed through Merrill Lynch International. This transaction, which involves canceling the repurchased shares, is part of the company’s strategy to manage its share capital and potentially enhance shareholder value.
NatWest Group plc has announced the purchase of 852,151 of its own ordinary shares as part of its ongoing share buyback program. This transaction, executed through Merrill Lynch International, is part of a strategy to enhance shareholder value by reducing the number of shares in circulation, thereby potentially increasing the value of remaining shares. Following this transaction, NatWest will hold a significant number of shares in treasury, which may impact its market positioning and shareholder dynamics.
NatWest Group plc has announced the redemption of its $1.5 billion 7.472% Senior Callable Fixed-to-Fixed Reset Rate Notes due 2026. The redemption, scheduled for November 10, 2025, aligns with the company’s strategic financial management and is executed under the terms of the Indenture. This move reflects NatWest’s proactive approach to managing its debt obligations, potentially impacting its financial structure and stakeholder interests.
NatWest Group plc has announced the purchase of 1,163,614 of its own ordinary shares as part of its ongoing share buyback program. The shares, bought from Merrill Lynch International, are intended to be canceled, which will adjust the company’s share capital structure by increasing the number of shares held in treasury. This move is part of NatWest’s strategy to manage its capital efficiently and potentially enhance shareholder value.
NatWest Group plc has announced the appointment of Josh Critchley as an independent non-executive director, effective from November 3, 2025. Critchley brings over 30 years of experience in investment banking and capital markets, having held senior roles at major financial institutions such as the Royal Bank of Canada, Goldman Sachs, and Merrill Lynch. His expertise is expected to enhance the board’s strategic advisory capabilities, potentially strengthening NatWest’s position in the financial services sector.
NatWest Group plc has announced the purchase of 1,256,592 of its own ordinary shares as part of its ongoing share buyback program. The shares were acquired from Merrill Lynch International at a volume-weighted average price of 537.03 GBp per share. This move is part of NatWest’s strategy to manage its capital structure effectively and return value to its shareholders. Following this transaction, NatWest plans to cancel the repurchased shares, which will impact the total number of shares in issue and potentially enhance shareholder value.
NatWest Group plc announced the repurchase of 1,408,940 of its ordinary shares as part of its ongoing share buyback program. The transaction, executed through Merrill Lynch International, reflects NatWest’s strategy to manage its capital structure effectively, potentially enhancing shareholder value by reducing the number of shares in circulation.
NatWest Group plc announced the purchase of 1,111,170 ordinary shares as part of its ongoing share buyback program, with the highest price paid per share at 548.40 GBp and the lowest at 541.00 GBp. The company plans to cancel these repurchased shares, which will impact the total number of shares in issue, potentially enhancing shareholder value by reducing the number of shares outstanding.
NatWest Group plc announced the purchase of 1,027,913 ordinary shares as part of its ongoing share buyback program. The shares were acquired from Merrill Lynch International at a volume-weighted average price of 548.51 GBp per share. This move is part of the company’s strategy to manage its capital structure and is expected to enhance shareholder value by reducing the number of shares in circulation.
NatWest Group plc has announced the repurchase of 1,127,302 ordinary shares as part of its ongoing share buyback program. The shares, purchased from Merrill Lynch International, will be canceled, reducing the total number of shares in circulation and potentially enhancing shareholder value. This move is part of the company’s strategy to manage its capital structure and return value to shareholders.
NatWest Group plc has announced the purchase of over 1.1 million of its own ordinary shares as part of its ongoing share buyback program. This move, executed through Merrill Lynch International, aims to enhance shareholder value by reducing the number of shares in circulation, thereby potentially increasing the value of remaining shares.
NatWest Group plc has executed a share buyback transaction, purchasing over 1.13 million ordinary shares at a volume-weighted average price of 544.01 GBp per share. This move is part of the company’s ongoing share buyback program, with the intention to cancel the repurchased shares, thereby potentially enhancing shareholder value and adjusting the company’s capital structure.
NatWest Group plc has executed a share buyback transaction, purchasing 859,327 of its own ordinary shares at a volume-weighted average price of 547.00 GBp per share. This move is part of the company’s ongoing share buyback program, aimed at reducing the number of shares in circulation, thereby potentially increasing the value of remaining shares and returning capital to shareholders.
NatWest Group plc has announced the repurchase of 529,029 ordinary shares as part of its ongoing share buyback program, with the intention to cancel these shares. This move is part of a strategy to manage the company’s capital structure and potentially enhance shareholder value, reflecting NatWest’s commitment to optimizing its financial operations and market positioning.
NatWest Group plc has announced the repurchase of 742,453 of its ordinary shares as part of its ongoing share buyback program. The shares, purchased from Merrill Lynch International, will be cancelled, reducing the total number of shares in circulation and potentially increasing the value of remaining shares. This move is part of the company’s strategy to manage its capital structure and return value to shareholders.
NatWest Group plc has executed a purchase of 297,459 ordinary shares as part of its ongoing share buyback program, with the shares acquired at a volume-weighted average price of 544.03 GBp. This transaction, facilitated by Merrill Lynch International, aims to enhance shareholder value by reducing the number of shares in circulation, with the repurchased shares intended for cancellation.
NatWest Group plc announced the purchase of 25,850 ordinary shares as part of its ongoing share buyback program. The repurchased shares will be canceled, impacting the company’s share capital structure by increasing the number of shares held in treasury to 230,977,670, while the total shares in issue will be 8,040,870,306, excluding treasury shares.
NatWest Group plc announced transactions involving its senior management, with several non-executive directors purchasing shares and key executives selling shares as per their trading plans. These transactions, conducted on the London Stock Exchange, reflect the company’s ongoing adherence to its shareholding policies and trading plans, potentially impacting investor perceptions and market dynamics.
NatWest Group plc has announced the purchase of 269,995 ordinary shares as part of its ongoing share buyback program, with the intention to cancel these shares. This move is part of the company’s strategy to manage its capital structure and return value to shareholders, potentially impacting its stock performance and market perception.
NatWest Group plc has executed a share buyback transaction, purchasing 126,404 ordinary shares at a volume-weighted average price of 523.23 GBp per share from Merrill Lynch International. This transaction is part of the company’s ongoing share buyback program, and the repurchased shares are intended to be canceled, which may impact the company’s share capital structure and potentially enhance shareholder value.
NatWest Group plc has announced the purchase of 575,034 of its own ordinary shares as part of its ongoing share buyback program. This transaction, executed through Merrill Lynch International, reflects the company’s strategy to manage its capital structure and enhance shareholder value by reducing the number of shares in circulation.
NatWest Group plc announced its total voting rights and capital as of 30 September 2025, in compliance with the Disclosure Guidance and Transparency Rules. The company reported a total of 32,170,969,520 voting rights, which shareholders can use to assess their interest in the company. This update is crucial for stakeholders to understand their voting power and any changes in their shareholding, impacting their influence in corporate decisions.
NatWest Group plc has announced the repurchase of 401,720 ordinary shares as part of its ongoing share buyback program. This move, executed through Merrill Lynch International, aims to enhance shareholder value by reducing the number of shares in circulation, thereby potentially increasing the value of remaining shares. The repurchased shares will be canceled, leaving the company with over 8 billion shares in issue, excluding treasury shares.
NatWest Group plc has executed a transaction involving the repurchase of 882,803 ordinary shares at an average price of 516.09 GBp per share as part of its ongoing share buyback program. This move, conducted through Merrill Lynch International, is aimed at enhancing shareholder value by reducing the number of shares in circulation, with the intention to cancel the repurchased shares, thereby potentially increasing the value of remaining shares.
NatWest Group plc announced the purchase of 2,053,799 ordinary shares as part of its ongoing share buyback program. These shares, bought from Merrill Lynch International, will be canceled, reducing the total number of shares in circulation. This move is part of NatWest’s strategy to manage its capital structure and return value to shareholders, potentially impacting its stock price and market perception.
NatWest Group plc announced the purchase of 3,181,580 ordinary shares as part of its ongoing share buyback program. These transactions, executed through Merrill Lynch International, are intended to reduce the number of shares in circulation by canceling the repurchased shares, thereby potentially enhancing shareholder value.
NatWest Group plc has announced the repurchase of 1,123,370 of its ordinary shares as part of its ongoing share buyback program. The shares were acquired from Merrill Lynch International at an average price of 523.78 GBp per share, and the company plans to cancel these shares, which will impact the total number of shares in issue and potentially enhance shareholder value.
NatWest Group plc has announced the purchase of 357,909 of its own ordinary shares as part of its ongoing share buyback program. The shares were bought from Merrill Lynch International at an average price of 528.54 GBp per share and will be cancelled, reducing the total number of shares in circulation and potentially increasing the value of remaining shares, which could positively impact shareholder value.
NatWest Group plc has announced the purchase of 756,033 of its own ordinary shares as part of its ongoing share buyback program. This transaction, executed through Merrill Lynch International, aims to enhance shareholder value by reducing the number of shares in circulation, with the company planning to cancel the repurchased shares. Following this transaction, NatWest will hold over 231 million shares in treasury, with more than 8 billion shares remaining in issue, which may impact its stock liquidity and market perception.
NatWest Group plc has received an upgrade in its long-term issuer credit rating from Standard & Poor’s Global Ratings, moving from ‘BBB+’ to ‘A-‘, with the short-term issuer credit rating affirmed at A-2. This upgrade, which also applies to all senior unsecured debt and regulatory capital instruments issued by the company, reflects positively on NatWest’s financial stability and could enhance its market positioning and investor confidence.
NatWest Group plc has executed a share buyback transaction, purchasing 514,391 ordinary shares at an average price of 523.29 GBp per share from Merrill Lynch International. This move is part of the company’s ongoing share buyback program, aiming to enhance shareholder value by reducing the number of shares in circulation, with the repurchased shares intended for cancellation.
NatWest Group plc has announced the repurchase of 876,659 ordinary shares as part of its ongoing share buyback program. The shares, purchased from Merrill Lynch International, will be canceled, impacting the company’s share structure by increasing the number of shares held in treasury and reducing the total shares in circulation, which may influence shareholder value and market perception.
NatWest Group plc has announced the redemption of its £800,000,000 Fixed to Fixed Rate Notes due in September 2026, which will now be redeemed on 19 September 2025. This move, executed under the call option terms, reflects NatWest’s strategic financial management and could impact its debt structure and interest obligations, potentially influencing stakeholder perceptions and market positioning.
NatWest Group’s Chief Financial Officer, Katie Murray, will engage in a fireside chat at the Barclays Global Financials Conference, highlighting the company’s active participation in significant industry events. This engagement underscores NatWest’s commitment to maintaining transparency with stakeholders and staying at the forefront of industry developments.
NatWest Group plc has announced the repurchase of 1,758,725 of its ordinary shares as part of its ongoing share buyback program. This transaction, executed through Merrill Lynch International, is intended to reduce the number of shares in circulation by canceling the repurchased shares, thereby potentially enhancing shareholder value and optimizing the company’s capital structure.