NatWest Group (LON:NWG) Announces Quarterly Earnings Results

Posted by Stanley Muller on Oct 30th, 2026

NatWest Group (LON:NWG – Get Free Report) released its quarterly earnings data on Friday. The company reported GBX 20.10 EPS for the quarter, Digital Look Earnings reports. NatWest Group had a net margin of 21.17% and a return on equity of 16.16%. The business had revenue of GBX 450.40 billion during the quarter.

NatWest Group Trading Down 8.6%

NWG stock traded down GBX 54.80 during midday trading on Friday, reaching GBX 580.40. The stock had a trading volume of 260,772,047 shares, compared to its average volume of 24,320,553. The company’s fifty day simple moving average is GBX 674.16 and its 200 day simple moving average is GBX 635.93. The company has a market cap of £45.99 billion, a price-to-earnings ratio of 7.78, a price-to-earnings-growth ratio of 0.46 and a beta of 0.82. NatWest Group has a 52-week low of GBX 504.41 and a 52-week high of GBX 788.20.

Wall Street Analyst Weigh In

A number of research firms have commented on NWG. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 840 target price on shares of NatWest Group in a research report on Monday, August 3rd. Berenberg Bank raised their price objective on NatWest Group from GBX 860 to GBX 880 and gave the stock a “buy” rating in a research report on Monday, August 3rd. Royal Bank Of Canada reissued a “sector perform” rating and set a GBX 725 target price on shares of NatWest Group in a research report on Monday, August 3rd. Citigroup raised their target price on shares of NatWest Group from GBX 840 to GBX 860 and gave the stock a “buy” rating in a report on Wednesday, September 23rd. Finally, Jefferies Financial Group restated a “buy” rating and issued a GBX 770 price objective on shares of NatWest Group in a research report on Friday. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 800.71.

Read Our Latest Stock Report on NWG

Insider Buying and Selling at NatWest Group

In related news, insider Roisin Donnelly bought 193 shares of the stock in a transaction dated Thursday, October 1st. The shares were acquired at an average cost of GBX 670 per share, for a total transaction of £1,293.10. Also, insider Patrick Flynn bought 196 shares of the company’s stock in a transaction on Thursday, October 1st. The stock was bought at an average price of GBX 670 per share, with a total value of £1,313.20. Insiders purchased a total of 396 shares of company stock worth $261,386 in the last 90 days. 0.21% of the stock is currently owned by insiders.

Key Stories Impacting NatWest Group

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

Positive Sentiment: Jefferies reaffirmed its “buy” rating and set a GBX 770 price target, implying considerable upside from recent trading levels. Broker consensus is similarly bullish, with an average target of approximately GBX 769. Jefferies NatWest rating
Positive Sentiment: NatWest maintained its full-year outlook, while higher net interest income helped support quarterly total income and pre-tax profit. The bank reported return on equity of 16.16% and a net margin of 21.17%, indicating continued profitability. NatWest third-quarter outlook
Neutral Sentiment: NatWest reported updated total voting rights and share capital as of October 30. The routine disclosure may affect per-share calculations but does not by itself signal a change in operating performance. NatWest voting rights update
Neutral Sentiment: The bank received FCA approval for a supplement to its £40 billion Euro Medium Term Note programme. The update supports NatWest’s ongoing access to debt markets, but is primarily a financing and regulatory filing rather than a direct earnings catalyst. NatWest medium-term note programme update
Negative Sentiment: Third-quarter profit was broadly flat at about £2.2 billion, and reported earnings per share of GBX 20.10 missed some market expectations despite revenue or total income beating forecasts. The mixed result appears to be the main reason for investor pressure on NWG today. NatWest third-quarter earnings

About NatWest Group

(Get Free Report)

We’re a UK-focussed bank serving over 20 million customers, with businesses across retail, commercial and private banking markets.

With a brand history stretching back nearly 300 years, we have our roots in the communities we serve across every nation and region of the UK. Our brands include NatWest, Royal Bank of Scotland, Ulster Bank and Coutts.