How did NWG's Q1 2024 EPS surprise impact its stock?

NatWest Group's (NWG) Q1 2024 EPS surprise had a mixed impact on its stock, with positive and negative fluctuations over the period. 1. **Initial Reaction**: The initial positive surprise of $0.01 in EPS on March 31, 2024, led to a 1.5% increase in the stock price to $12.17. |code|Ticker|Name|Date|EPS Surprise|Diluted EPS|market_code| |---|---|---|---|---|---|---| |NWG|NWG.N|Natwest Group|2023 Q3||0.1196972|169| |NWG|NWG.N|Natwest Group|2023 Q4||0.1771277|169| |NWG|NWG.N|Natwest Group|2024 Q1|0.01|0.1314248|169| 2. **Subsequent Movements**: However, the stock experienced a decline of 2.29% by April 2, 2024, and faced further volatility, with a low of -1.72% by April 9, 2024, and a decrease of -1.63% by April 20, 2024. 3. **Stabilization**: The stock price then saw a slight improvement, increasing by 2.41% by April 22, 2024, and further by 1.97% by April 28, 2024. 4. **Recent Performance**: More recently, there was a slight dip of -0.46% by March 11, 2024, and a final change of 0.3% by March 28, 2024. Overall, while the initial EPS surprise had a positive effect, the stock faced significant volatility over the quarter, with both positive and negative movements that partially offset each other. The fluctuating performance of NatWest Group's stock following the Q1 2024 EPS surprise reflects the broader market's sensitivity to earnings reports and the bank's specific market conditions and investor perceptions at the time.