NatWest (NWG) Signs Agreement to Acquire Sainsbury's Bank [Yahoo! Finance]
NatWest Group plc American Depositary Shares (NWG)
Company Research
Source: Yahoo! Finance
This acquisition aligns with the company's growth strategy, adding scale and boosting its market presence in competitive areas. Paul Thwaite, NatWest Group CEO, highlighted the transaction as a strategic opportunity to expand the bank's retail banking business, especially in the unsecured personal lending and credit card sectors. The company aims to leverage its expertise and digital banking capabilities to offer enhanced services to the new customer base. Transaction to be Accretive to NWG Earnings The acquisition includes approximately £2.5 billion in gross customer assets, divided into £1.4 billion in unsecured personal loans and £1.1 billion in credit card balances, alongside around £2.6 billion in customer deposits. Further, the deal is expected to bring an additional 1 million customer accounts to NatWest. The acquisition is projected to adversely impact NatWest's Common Equity Tier 1 (CET1) ratio by 20 basis points upon completion (anticipated by Mar 31, 2025). The deal
Show less
Read more
Impact Snapshot
Event Time:
NWG
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
NWG alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
NWG alerts
High impacting NatWest Group plc American Depositary Shares news events
Weekly update
A roundup of the hottest topics
NWG
News
- JPMorgan (JPM) & Others to Pay $46M to End Rate Swaps Trial [Yahoo! Finance]Yahoo! Finance
- German Banks Fall Out of Top Bund Dealer Rankings for First Time [Yahoo! Finance]Yahoo! Finance
- German Banks Fall Out of Top Bund Dealer Rankings for First Time [BNN Bloomberg (Canada)]BNN Bloomberg
- NatWest buys Sainsbury's banking arm, adding £2.5B asset base [Seeking Alpha]Seeking Alpha
- Bank of England accused of ‘penalising the young' by keeping mortgage rates high [Yahoo! Finance]Yahoo! Finance
NWG
Sec Filings
- 6/28/24 - Form 6-K
- 6/28/24 - Form 6-K
- 6/27/24 - Form 6-K
- NWG's page on the SEC website