NatWest Group/£NWG
1D1W1M3M6MYTD1Y5YMAX
Capital at risk
About NatWest Group
NatWest Group derives around 90% of its total income from the United Kingdom. The bank operates a retail, commercial, and private bank in the UK, offering clients lending and payment services as well as asset management services.
- Ticker
- £NWG
- Sector
- Finance
- Primary listing
- LSE
- Employees
- 59,000
- Headquarters
- Edinburgh, United Kingdom
- Website
- www.natwestgroup.com
NatWest Group Metrics
BasicAdvanced
£53B
8.96
£0.75
0.82
£0.35
5.23%
Price and volume
Market cap
£53B
Beta
0.82
52-week high
£7.26
52-week low
£5.04
Average daily volume
19M
Dividend rate
£0.35
Financial strength
Dividend payout ratio (TTM)
46.02%
Profitability
Net profit margin (TTM)
37.73%
Operating margin (TTM)
50.75%
Effective tax rate (TTM)
24.90%
Revenue per employee (TTM)
£280,000
Management effectiveness
Return on assets (TTM)
0.86%
Return on equity (TTM)
14.78%
Valuation
Price to earnings (TTM)
8.961
Price to revenue (TTM)
3.187
Price to book
1.37
Price to tangible book (TTM)
1.37
Price to free cash flow (TTM)
-3.933
Free cash flow yield (TTM)
-25.43%
Free cash flow per share (TTM)
-1.7
Dividend yield (TTM)
5.23%
Growth
Revenue change (TTM)
13.09%
Earnings per share change (TTM)
25.04%
3-year revenue growth (CAGR)
5.75%
3-year earnings per share growth (CAGR)
24.47%
10-year earnings per share growth (CAGR)
7.64%
3-year dividend per share growth (CAGR)
22.01%
What the Analysts think about NatWest Group
Analyst ratings (Buy, Hold, Sell) for NatWest Group stock.
Analyst projections of the future price of NatWest Group stock.
Bulls say / Bears say
NatWest delivered a 19.7% return on tangible equity in the first half of 2026 and raised its full-year target to above 19%, alongside income guidance of about £17.9 billion. That points to strong earnings momentum. (Reuters, NatWest Group)
Capital generation before distributions was 137 basis points in H1, supporting a 12p interim dividend and an earlier timetable for considering buybacks. This gives shareholders a clear route to benefit from the bank’s strong earnings. (NatWest Group)
The Evelyn Partners acquisition gives NatWest a much larger wealth business and is expected to lift fee income by about 20% before revenue synergies. The bank also expects £100 million of annual cost synergies, adding scope to diversify beyond traditional lending income. (NatWest Group)
H1 income growth was partly offset by lower mortgage margins. NatWest is counting on structural-hedge income and balance growth to offset that pressure and sustain earnings momentum. (NatWest Group)
About 89% of NatWest’s loans are in the UK, leaving its credit performance closely tied to the domestic economy. The bank also retained economic-uncertainty provisions in H1, underscoring the risk if conditions worsen. (Morningstar DBRS, NatWest Group)
The Evelyn Partners deal is expected to reduce NatWest’s CET1 ratio by about 130 basis points, while Basel 3.1 is expected to add about £10 billion to risk-weighted assets from 2027. These capital demands could limit room for future buybacks or balance-sheet growth. (NatWest Group, NatWest Group)
Data summarised monthly by Lightyear AI. Last updated on 1 Oct 2026.
NatWest Group Financial Performance
Revenues and expenses
NatWest Group Earnings Performance
Company profitability
Upcoming events
No upcoming events
Funds containing NatWest Group
AllGBPEURUSD
Fund name | Fund size | £NWG weighting |
|---|---|---|
iShares UK Dividend£IUKD | £1.3B | 4.34% |
iShares STOXX Europe Select Dividend 30€EXSH | €1.4B | 3.79% |
iShares STOXX Europe 600 Banks€EXV1 | €3.7B | 3.07% |
Vanguard FTSE 100£VUKE | £4.8B | 2.07% |
Vanguard FTSE 100£VUKG | £1.9B | 2.07% |
Latest price is delayed by 15 minutes. Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Market data provided by London Stock Exchange, through Infront.