NatWest beats expectations but markets revenues ‘normalise’
NatWest Group recorded a loss at its investment bank on Thursday, after climbing down from the dizzying heights of last year’s first quarter profits. The weaker numbers weighed on the performance of the group, but the bank still managed to breeze past market expectations.
NatWest posted an operating profit of £946m at the group level in the first three months of 2021, an increase of 82% year on year.
John Cronin, an analyst at Goodbody, said the UK bank had smashed consensus expectations by 76%.“Overall, it’s another good set of numbers,” ...