April 26, 2024 06:14 GMT
NatWest 1Q24 Headlines: As Per Expectations
FINANCIALS
NatWest 1Q24 results headlines look like a small revenue beat driving similar net profit dynamic with better loan losses:
- NatWest 1Q CET1 Ratio 13.5% (est. 13.5%)
- NatWest 1Q Impairment Losses GBP93B (est.186B) - we assume both are millions, not billions
- NATWEST 1Q NET INTEREST INCOME GBP2.65B, EST. GBP2.56B
- NATWEST 1Q NON-INTEREST INCOME GBP824M, EST. GBP866.1M
- NATWEST 1Q PRETAX OPER PROFIT GBP1.33B, EST. GBP1.28B
- NATWEST 1Q NET INCOME GBP918M, EST. GBP851.9M
- NATWEST RETAINS FY2024 GUIDANCE EXCEPT GROUP OP. COSTS
- NATWEST SEES FY24 OP. COSTS `BROADLY' STABLE COMPARED WITH 2023
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