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NatWest flags £140m hit from Iran war despite 12% rise in Q1 operating profit

NatWest reported a 12% year‑on‑year increase in Q1 operating profit to £2bn but booked a £283m impairment charge, noting almost half resulted from a reassessment of economic forecasts and a potential £140m impact from the conflict in Iran. The bank cut its UK GDP base‑case to 0.4% for the year, expects unemployment to rise to 5.5% and forecasts inflation of about 3.5% in its base scenario. Deposits and gross lending grew in the quarter, and NatWest reiterated guidance that income should be near the top of its prior £17.2bn–£17.6bn range while completing the acquisition of Evelyn Partners. » More on theguardian.com
NatWest beats Q3 expectations – EPS well above forecast, stock rises

NatWest reports Q3 earnings per share of $0.5276 and revenue of $5.55 billion, beating analyst expectations. The stock rose 7.85% in premarket trading to $15.66. The bank raised its full-year revenue guidance to £16.3 billion, reports a RoTE of 19.5% and emphasizes continued focus on sustainable financing. NatWest expects returns above 18% and anticipates a base rate cut in Q1 2026. » More on de.investing.com