The Bid & Ask

Quotations, Dispatches, and the Daily Tape

Thursday, August 13, 2026

Subject of the day

NWG.L

Concerning the House

NatWest Group plc, together with its subsidiaries, provides banking and financial products and services in the United Kingdom and internationally. It operates through the Retail Banking, Private Banking, and Commercial & Institutional segments. The Retail Banking segment offers a range of banking products and related financial services, such as current accounts, mortgages, personal unsecured lending, and personal deposits, as well as mobile and online banking services. Its Private Banking segment provides banking, lending, and wealth management products for high-net-worth individuals and their business interests. The Commercial & Institutional segment consists of customer businesses under business banking, commercial mid-market, and corporates and institutions; and offers banking operations services in the Channel Islands, Isle of Man, Gibraltar, and Luxembourg, as well as products and solutions for businesses comprising start-ups, corporates, and large institutions. The company was formerly known as The Royal Bank of Scotland Group plc and changed its name to NatWest Group plc in July 2020. NatWest Group plc was founded in 1727 and is headquartered in Edinburgh, the United Kingdom.

United Kingdom · www.natwestgroup.com

The Ledger
LineJun 2025Sep 2025Dec 2025Mar 2026
Revenue$3.99B$4.33B$4.29B$4.36B
Net income$1.33B$1.68B$1.48B$1.50B
Diluted EPS0.170.18
Quotation

$705.60

-8.88 (-1.2%)

52w hi$722.68
52w lo$504.91
Vol30.49M
As ofAug 13
The Verdict

Buy

Our score +0.55

Short+0.14
Medium+0.69
Long+1.10

computed 2026-08-13

By the Numbers

NatWest Group plc

Financial Services · Banks - Regional

Market cap$56.16B
Enterprise value-$34.75B
Trailing P/E9.41x
Forward P/E8.37x
EV / EBITDA
P / S (ttm)3.34x
Profit margin37.7%
Return on equity14.8%
Revenue growth+14.5%
Earnings growth+30.0%
Debt / equity
Risk Metrics
Beta vs SPX0.48
Corr SPX0.27
Annual vol28.8%
Annual ret+37.8%
Sharpe1.31
Max DD-28.6%

Window: 504 trading days (491 obs)

Layer Breakdown
LayerRawContribution
Fundamental+0.56
Sector+0.09
Technical+0.32
Earnings+0.00
Sentiment-0.22

macro × 1.00 · 2026-08-13

Recent Sessions
DateOpenHighLowCloseVol
Aug 13$710.40$712.60$701.60$705.6030.49M
Aug 12$710.00$714.60$706.40$714.608.69M
Aug 11$709.40$712.00$703.20$707.4018.74M
Aug 10$710.00$713.20$708.00$711.8012.97M
Aug 7$706.00$719.60$704.20$712.4010.11M