NatWest Upgrades 2026 Guidance After Strong Second Quarter

Earnings
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Summary · why it matters

NatWest Group upgraded its full-year 2026 guidance following a second quarter that delivered a return on tangible equity of 21%. Total income excluding notable items reached 4.4 billion pounds, up 5.4% from the first quarter, while operating profit rose 12.4% to 2.3 billion pounds. The bank now expects full-year income of around 17.9 billion pounds and capital generation before distributions and the impact of Evelyn Partners of more than 240 basis points. The CET1 ratio stood at 13.2% after the acquisition of Evelyn Partners, which added 71.7 billion pounds in assets under management and administration. Customer assets and liabilities grew 9.6% to 986.9 billion pounds, driven by broad-based lending and deposit growth.

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Financials · 1 stocks
NatWest Group PLC
NWG
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NatWest upgraded 2026 guidance and reported strong Q2 results with higher income and operating profit.