NatWest Group PLC (NYSE:NWG) Q2 2024 Results Conference Call July 26, 2024 4:00 AM ET Company Participants Paul Thwaite - Chief Executive Officer Katie Murray - Chief Financial Officer Conference Call Participants Raul Sinha - JPMorgan Alvaro Serrano - Morgan Stanley Andrew Coombs - Citi Jason Napier - UBS Aman Rakkar - Barclays Benjamin Toms - RBC Chris Cant - Autonomous Guy Stebbings - BNP Paribas Edward Firth - KBW Operator Good morning, and welcome to the NatWest Group H1 Results 2024 Management Present ...

Notes continued NatWest Group – Form 6-K Interim Results 2024 110 Government securities antitrust litigation Class action antitrust claims commenced in March 2019 are pending in the SDNY against NWM Plc, NWMSI and other banks in respect of Euro-denominated bonds issued by various European central banks (European government bonds or EGBs). The complaint alleges a conspiracy among dealers of EGBs to widen the bid-ask spreads they quoted to customers, thereby increasing the prices customers paid for the EGBs o ...

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While many investors like to look for momentum in stocks, this can be very tough to define. There is a lot of debate surrounding which metrics are the best to focus on and which are poor quality indicators of future performance. The Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us. It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. NatWest Group current ...

Acquisition Overview - NatWest Group plc (NWG) has agreed to acquire the retail banking assets and liabilities of Sainsbury's Bank plc, aligning with its growth strategy to enhance market presence [1] - The acquisition includes approximately £2.5 billion in gross customer assets, comprising £1.4 billion in unsecured personal loans and £1.1 billion in credit card balances, alongside £2.6 billion in customer deposits [3] - The deal will bring an additional 1 million customer accounts to NatWest [3] Strategic Rationale - The transaction is a strategic opportunity for NatWest to expand its retail banking business, particularly in unsecured personal lending and credit card sectors [2] - NatWest aims to leverage its expertise and digital banking capabilities to enhance services for the new customer base [2] - The acquisition is expected to be accretive to earnings and return on tangible equity, though it will reduce NatWest's Common Equity Tier 1 (CET1) ratio by 20 basis points upon completion [12] Transaction Details - Sainsbury's will pay NatWest a £125 million fee for assuming the assets and liabilities [4] - The transaction will be completed through NatWest's subsidiary, National Westminster Bank plc, under Part VII of the Financial Services and Markets Act 2000, pending court and regulatory approvals [9] - The acquisition excludes Sainsbury's Bank's operational infrastructure, commission income businesses (e.g., ATMs, insurance, travel money services), and Argos Financial Services [13][16] Industry Context - This move follows a similar transaction by Barclays, which acquired Tesco's retail banking business for £600 million, including £8.3 billion in unsecured lending balances [7] - NatWest's shares have surged 24.6% in the past three months, significantly outperforming the industry's growth of 0.6% [10] Sainsbury's Divestiture Strategy - Sainsbury's decision to divest its banking unit is part of a broader strategy to refocus on its core retail business, streamlining operations and concentrating resources on delivering quality and value in its primary market [5]

Sainsbury's, on the other hand, will retain its commission-income businesses such as insurance, ATMs, and travel money, which are considered capital-light and profitable, and have a strong connection to its core retail operations. The retailer plans to return at least £250 million of excess capital to investors after the disposal of its banking business. NatWest Group, one of the largest banks in the U.K., has announced its acquisition of the banking business of Sainsbury's, the second-largest grocer in the ...

The price trend for NatWest Group (NWG) has been bearish lately and the stock has lost 5.4% over the past four weeks. However, the formation of a hammer chart pattern in its last trading session indicates that the stock could witness a trend reversal soon, as bulls might have gained significant control over the price to help it find support. The formation of a hammer pattern is considered a technical indication of nearing a bottom with likely subsiding of selling pressure. But this is not the only factor th ...

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. You ...

NatWest Group PLC (NYSE:NWG) Q1 2024 Earnings Conference Call April 26, 2024 4:00 AM ET Company Participants John-Paul Thwaite - Group CEO & Executive Director Katie Murray - Group CFO & Executive Director Conference Call Participants Chris Cant - Bernstein Aman Rakkar - Barclays Bank Andrew Coombs - Citigroup Jonathan Pierce - Numis Fahed Kunwar - Redburn Alvaro Serrano - Morgan Stanley Robin Down - HSBC Guy Stebbings - BNP Paribas Exane Ed Firth - KBW Raul Sinha - JPMorgan Chase & Co. Benjamin Toms - RBC ...

FORM 6-K SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For April 26, 2024 Commission File Number: 001-10306 NatWest Group plc Gogarburn, PO Box 1000 Edinburgh EH12 1HQ (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F X Form 40-F ___ Indicate by check mark whether the regist ...