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NatWest 1Q24: Small Beat, Only Minor Upgrades

FINANCIALS

NatWest (A3, BBB+, A) 1Q24 results look very marginally better than expectations and inline with early indications from peers. There’s only a small estimate upgrade in here (if at all), we feel and, having outperformed YTD already, there are few reasons to see spreads gap tighter here.


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NatWest (A3, BBB+, A) 1Q24 results look very marginally better than expectations and inline with early indications from peers. There’s only a small estimate upgrade in here (if at all), we feel and, having outperformed YTD already, there are few reasons to see spreads gap tighter here.


Keep reading...Show less