NatWest Group (NYSE:NWG) Posts Earnings Results

NatWest Group (NYSE:NWG) released its earnings results on Friday. The company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.47 by $0.07, Zacks reports. NatWest Group had a return on equity of 13.30% and a net margin of 19.11%.

Here are the key takeaways from NatWest Group’s conference call:

• 2026 guidance was upgraded: NatWest now expects income of around £17.9 billion, a return on tangible equity above 19%, and capital generation before distributions above 240 basis points.
• H1 performance showed strong operating leverage, with income up 8.9% versus 4.5% cost growth; the cost-income ratio improved to 46%, while Q2 operating profit rose 12.4% to £2.3 billion.
• Customer assets and liabilities excluding Evelyn Partners grew 5.2%, supported by broad-based lending growth and strong wealth inflows; the Evelyn acquisition added £71.7 billion of assets under management and administration.
• The company said credit quality remains strong, with a Q2 loan impairment rate of 13 basis points and expectations for the full-year rate to remain below 25 basis points.
• NatWest expects a flatter net interest margin trajectory in the second half as lending mix and mortgage pricing weigh on margins, although balance growth and structural-hedge income are expected to support higher net interest income.

NatWest Group Stock Performance

Shares of NYSE NWG traded up $0.41 during trading on Friday, reaching $18.94. The stock had a trading volume of 5,716,246 shares, compared to its average volume of 4,149,969. NatWest Group has a one year low of $13.49 and a one year high of $19.35. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.04 and a current ratio of 1.04. The stock has a market cap of $75.47 billion, a PE ratio of 10.07, a P/E/G ratio of 0.91 and a beta of 0.92. The firm’s 50 day moving average price is $17.10 and its two-hundred day moving average price is $16.55.

Institutional Trading of NatWest Group

Institutional investors have recently added to or reduced their stakes in the business. Larson Financial Group LLC raised its holdings in shares of NatWest Group by 427.7% during the third quarter. Larson Financial Group LLC now owns 1,831 shares of the company’s stock worth $26,000 after purchasing an additional 1,484 shares during the period. Caitong International Asset Management Co. Ltd lifted its position in shares of NatWest Group by 209.1% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,482 shares of the company’s stock worth $43,000 after buying an additional 1,679 shares during the last quarter. Geneos Wealth Management Inc. boosted its holdings in shares of NatWest Group by 35.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 4,594 shares of the company’s stock valued at $55,000 after buying an additional 1,195 shares during the period. Atlas Capital Advisors Inc. bought a new stake in shares of NatWest Group during the 4th quarter valued at about $56,000. Finally, Brown Brothers Harriman & Co. grew its position in shares of NatWest Group by 64.7% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 4,267 shares of the company’s stock valued at $60,000 after buying an additional 1,676 shares during the last quarter. Institutional investors own 1.27% of the company’s stock.

NatWest Group News Roundup

Here are the key news stories impacting NatWest Group this week:

• Positive Sentiment: Profit and earnings beat expectations: NatWest reported second-quarter EPS of $0.54, exceeding the $0.47 consensus estimate. First-half attributable profit rose 22% to approximately £3 billion, while operating profit before tax increased 20.4% to £4.3 billion. NatWest earnings results
• Positive Sentiment: Guidance upgraded: Management raised its full-year outlook, supported by stronger revenue generation, improved efficiency and resilient credit quality. These factors helped offset continuing cost pressures. NatWest reports profit up 20%, brings forward buyback plans
• Positive Sentiment: Earlier capital returns: NatWest brought forward plans for further share buybacks, a shareholder-friendly move that could reduce the share count and support per-share earnings. The bank also completed its acquisition of wealth manager Evelyn Partners, expanding its wealth-management capabilities. NatWest raises guidance and brings forward share-buyback plans
• Neutral Sentiment: NatWest’s net margin was 19.11% and return on equity was 13.30%, indicating solid profitability. However, the stock’s valuation and outlook remain sensitive to interest rates, loan demand and the bank’s ability to control costs. NatWest Group Q2 2026 earnings call transcript
• Negative Sentiment: A valuation model cited by Yahoo Finance’s earnings preview indicated roughly 17% potential downside based on estimated fair value, which could limit gains if investors view the strong results as already reflected in the share price. NatWest earnings watch

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Weiss Ratings lowered shares of NatWest Group from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 4th. Keefe, Bruyette & Woods raised shares of NatWest Group from a “hold” rating to a “moderate buy” rating in a report on Friday, July 17th. BNP Paribas Exane raised shares of NatWest Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 11th. Wall Street Zen lowered shares of NatWest Group from a “buy” rating to a “hold” rating in a research note on Saturday, June 27th. Finally, Berenberg Bank started coverage on shares of NatWest Group in a research note on Wednesday, June 24th. They issued a “buy” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

NatWest Group Company Profile

NatWest Group plc is a major UK-based banking and financial services group headquartered in Edinburgh, Scotland. The company traces its roots to the Royal Bank of Scotland, founded in 1727, and adopted the NatWest Group name in 2020 as part of a strategic refocus on its NatWest brand. NatWest Group is listed on the London Stock Exchange and also has American depositary shares trading on the New York Stock Exchange under the symbol NWG.

The group provides a broad range of banking services across retail, private, commercial, corporate and institutional segments.