Investing.com - NatWest Group reported on Friday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
NatWest Group announced earnings per share of £-0.08 on revenue of £2.68B. Analysts polled by Investing.com anticipated EPS of £-0.04 on revenue of £2.77B.
NatWest Group shares are down 55% from the beginning of the year and are trading at £106.94 , down-from-52-week-high.They are under-performing the TR UK 50 which is down 19.6% from the start of the year.
NatWest Group shares gained 0.94% in intra-day trade the report.
NatWest Group follows other major Financial sector earnings this month
NatWest Group's report follows an earnings matched by Lloyds Banking on Thursday, who reported EPS of £-0.01 on revenue of £3.46B, compared to forecasts EPS of £-0.01 on revenue of £3.68B.
Barclays had matched expectations on Wednesday with second quarter EPS of £0.01 on revenue of £5.34B, compared to forecast for EPS of £0.01 on revenue of £5.25B.
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