Investing.com - NatWest Group reported on Friday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
NatWest Group announced earnings per share of £0.01 on revenue of £2.42B. Analysts polled by Investing.com anticipated EPS of £-0.01 on revenue of £2.67B.
NatWest Group shares are down 48% from the beginning of the year and are trading at £123.91 , down-from-52-week-high.They are under-performing the TR UK 50 which is down 26.61% from the start of the year.
NatWest Group shares gained 5.80% in intra-day trade the report.
NatWest Group follows other major Financial sector earnings this month
NatWest Group's report follows an earnings missed by HSBC on Tuesday, who reported EPS of £0.05 on revenue of £9.23B, compared to forecasts EPS of £0.06 on revenue of £9.5B.
Lloyds Banking had beat expectations on Thursday with third quarter EPS of £0.01 on revenue of £3.4B, compared to forecast for EPS of £0 on revenue of £3.62B.
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