NatWest Group (OTCMKTS:RBSPF) Shares Gap Up – Here’s What Happened

NatWest Group PLC (OTCMKTS:RBSPF) gapped up before the market opened on Tuesday . The stock had previously closed at $8.3975, but opened at $8.65. NatWest Group shares last traded at $8.64, with a volume of 8,341 shares traded.

NatWest Group Stock Down 1.7%

The company has a market capitalization of $68.97 billion, a price-to-earnings ratio of 10.24 and a beta of 0.91. The firm’s 50 day moving average price is $7.95 and its two-hundred day moving average price is $7.34. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.14.

NatWest Group (OTCMKTS:RBSPF) last announced its quarterly earnings results on Friday, October 24th. The company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01). NatWest Group had a return on equity of 12.77% and a net margin of 18.18%.The business had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.63 billion.

About NatWest Group

NatWest Group plc is a major UK-based banking and financial services company headquartered in Edinburgh, Scotland. The group traces its roots to the Royal Bank of Scotland, founded in 1727, and grew through subsequent mergers and acquisitions—most notably the acquisition of National Westminster Bank (NatWest) in 2000. In 2020 the firm adopted the NatWest Group name to align the corporate identity more closely with its primary retail brand. Over its long history the group has undergone significant restructuring and recapitalization, including interventions and reforms following the global financial crisis.

NatWest Group operates across retail, commercial, corporate and institutional banking, as well as wealth management and private banking.