Private banking up for NatWest in Q3 2024 [Yahoo! Finance]
NatWest Group plc American Depositary Shares (NWG)
Company Research
Source: Yahoo! Finance
There were also £0.5bn in positive market movements. In addition, NatWest Private Banking produced a return on equity of 19.7% and an operating profit of £90m in Q3 2024. Total income was £17m, or 7.2% higher than Q2 2024 primarily driven by deposit margin expansion and higher AUMA balances driving an increase in investment fee income. Q3 2024 total income was £39m, or 18.2%, higher than Q3 2023 primarily reflecting deposit margin expansion and higher AUMA balances driving an increase in investment fee income, partly offset with the impact of deposit mix changes as customers migrated from current account accounts to savings products offering higher returns. The bank as a whole gained attributable profit of £1,172m and a return on tangible equity (RoTE) of 18.3% in Q3 2024. Furthermore, total income, excluding notable items of £3,772m, was £182m or 5.1% higher than Q2 2024 primarily reflecting lending and deposit growth and margin expansion. Chief executive, Paul Thwaite,
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- Europe's Bank Bailout Era Draws to End With States Selling [Yahoo! Finance Canada]Yahoo! Finance Canada
- Alex Salmond, Champion of Scottish Independence, Dies at 69 [Financial Post (Toronto, Ontario, Canada)]Financial Post
NWG
Sec Filings
- 10/31/24 - Form 6-K
- 10/31/24 - Form 6-K
- 10/31/24 - Form SC
- NWG's page on the SEC website