Connect with us

Hi, what are you looking for?


NatWest share price after the strong Barclays earnings

NatWest (LON: NWG) share price rose sharply, helped by the strong results from Barclays. The stock jumped to a high of 274.8p, which was slightly higher than this week’s low of 264p. Other British bank stocks like Barclays, Lloyds, and Standard Chartered jumped as well.

Barclays earnings boost

Bank stocks have been on edge this week as First Republic Bank continued struggling. In a report on Monday, the company said that it lost over $100 billion in the first quarter. And with the stock falling below $10, there is a high possibility that outflows continued this week.

The biggest bank news on Thursday was the latest Barclays earnings. The results showed that the bank’s profits jumped by 27% in the first quarter, helped by higher interest rates. These rates helped to boost the company’s net interest income and credit card. They also helped to offset the slow growth in the investment bank.

Watch here:

These results are positive for NatWest, a company that mostly focuses on retail clients. They are also positive for Lloyds Bank, which I wrote about here. Unlike Barclays, NatWest does not have a major presence in investment banking and wealth management. 

NatWest will publish its financial results on Friday. Analysts believe that the company’s business did well in Q1, helped by higher interest rates. Precisely, analysts expect that the company’s net interest income jumped to £2.965 billion in Q1 from £2.86 billion in the same quarter last year.

Total income is expected to come in at £3.79 billion, up from the previous £3.7 billion. In terms of profitability, its net profit is expected to come in at £1.31 billion. There is a likelihood that the company’s results will be better than estimates.

The key catalyst for the NatWest share price will be its profitability and forward guidance for the year. Analysts expect that its full-year profit will be £4.23 billion.

NatWest share price analysis

NWG chart by TradingView

Is it safe to buy NatWest stock? The NWG share price formed a bullish engulfing pattern on the four-hour chart. In price action analysis, this pattern is usually a bullish sign, which explains why the shares have bounced back.

The stock managed to move above the 25-period and 50-period moving averages and is nearing the key resistance point at 277.4p, the highest point on April 17. It has retested the strong pivot reverse level of the Murrey Math Lines.

Therefore, more upside will be confirmed if the shares manage to move above the resistance point at 277.4p. If this happens, the next key level to watch will be the extreme overshoot point at 290p.

The post NatWest share price after the strong Barclays earnings appeared first on Invezz.

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like

    Latest News

    Rep. Jennifer Wexton (D-Va.) announced on Tuesday that she has been diagnosed with Parkinson’s Disease. “If there’s one thing that Democrats and Republicans can...

    Latest News

    After Dianne Feinstein announced she’d contracted the shingles in early March, her staff said she planned to return to the Senate within a matter...


    A U.S. District Court judge has ruled that Elizabeth Holmes, founder and CEO of the disgraced blood-testing company Theranos, cannot remain free on bail...

    Latest News

    SEOUL, South Korea — When a group of American lawmakers arrived in South Korea for meetings with government and military officials, President Yoon Suk-yeol...

    Disclaimer:, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2022 All Rights Reserved.