NatWest Group (OTCMKTS:RBSPF) Trading 7.7% Higher – Here’s Why

NatWest Group PLC (OTCMKTS:RBSPF) shot up 7.7% during trading on Wednesday . The stock traded as high as $9.03 and last traded at $8.5750. 3,482 shares changed hands during trading, a decline of 90% from the average session volume of 33,297 shares. The stock had previously closed at $7.96.

NatWest Group Price Performance

The stock has a market cap of $68.69 billion, a price-to-earnings ratio of 10.20 and a beta of 0.90. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.04 and a current ratio of 1.04. The company has a 50-day simple moving average of $8.69 and a two-hundred day simple moving average of $7.88.

NatWest Group (OTCMKTS:RBSPF) last released its earnings results on Friday, February 13th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.03. The business had revenue of $5.83 billion during the quarter, compared to analysts’ expectations of $5.72 billion. NatWest Group had a net margin of 18.18% and a return on equity of 12.77%.

NatWest Group Company Profile

NatWest Group plc is a major UK-based banking and financial services company headquartered in Edinburgh, Scotland. The group traces its roots to the Royal Bank of Scotland, founded in 1727, and grew through subsequent mergers and acquisitions—most notably the acquisition of National Westminster Bank (NatWest) in 2000. In 2020 the firm adopted the NatWest Group name to align the corporate identity more closely with its primary retail brand. Over its long history the group has undergone significant restructuring and recapitalization, including interventions and reforms following the global financial crisis.

NatWest Group operates across retail, commercial, corporate and institutional banking, as well as wealth management and private banking.