NatWest Group Earnings, Revenue Beat in Q1
Investing.com
Published Apr 29, 2022 08:05AM ET
Investing.com - NatWest Group reported on Friday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
NatWest Group announced earnings per share of £0.075 on revenue of £3.03B. Analysts polled by Investing.com anticipated EPS of £0.0511 on revenue of £2.71B.
NatWest Group shares are down 5% from the beginning of the year, still down 17.09% from its 52 week high of £258.10 set on February 3. They are outperforming the STOXX 600 which is down 7.55% from the start of the year.
NatWest Group shares lost 3.99% in intra-day trade following the report.
h2 NatWest Group follows other major Financial sector earnings this month/h2NatWest Group's report follows an earnings missed by HSBC on Tuesday, who reported EPS of £0.1109 on revenue of £9.94B, compared to forecasts EPS of £0.131 on revenue of £9.76B.
Lloyds Banking had beat expectations on Wednesday with first quarter EPS of £0.015 on revenue of £4.11B, compared to forecast for EPS of £0.0148 on revenue of £4.04B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar
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Written By: Investing.com
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