NatWest reports 24% jump in profit and lifts target

Core Insights - NatWest reported a 24% increase in annual profit, reaching 7.7 billion pounds ($10.47 billion), which exceeded analysts' forecasts of 7.5 billion pounds [1][1][1] - The bank has raised its return on tangible equity target for 2028 to over 18%, up from a previous target of over 15% for 2027 [1][1][1] - The results were announced shortly after NatWest's agreement to acquire Evelyn Partners, one of Britain's largest wealth managers [1][1][1] Financial Performance - The pretax operating profit for 2025 was reported at 7.7 billion pounds, an increase from 6.2 billion pounds the previous year [1][1][1] - The profit growth of 24% was slightly above market expectations, indicating strong performance [1][1][1] Strategic Outlook - NatWest's new target for return on tangible equity reflects a more ambitious growth strategy moving forward [1][1][1] - The acquisition of Evelyn Partners is expected to enhance NatWest's wealth management capabilities and market position [1][1][1]