NatWest Group Shares Soar 1.24% Ahead of Q1 Earnings
1min read NatWest Group (NWG) shares surged to a record high today, with an intraday gain of 1.24%. The stock has been on a winning streak, rising 0.86% today and 1.97% over the past two days.
One of the key drivers behind the recent surge in NatWest Group's share price is the anticipation of its upcoming Q1 2025 earnings report, scheduled for release on April 25, 2025. Investors are closely watching for any positive surprises that could further boost the stock's performance.
Additionally, the bank's impending exit from state ownership has been highlighted as a significant milestone. The chair of natwest group described this move as an "inflection point" for the institution, suggesting that it could lead to increased market confidence and a potential rise in share value.
Analysts have also played a role in the positive sentiment surrounding NatWest Group. The company has received multiple "Buy" ratings this month, with an average price target of 550.40, indicating a bullish outlook and potential for further gains.
Broker recommendations have further bolstered investor confidence. Citi, for instance, has named NatWest as its top pick among UK banks, expecting a slight earnings beat and maintaining full-year guidance. Despite broader economic uncertainties, NatWest and Lloyds have shown resilience, outperforming the sector and contributing to a positive market outlook.
Ask Aime: Why did NatWest Group's share price soar to a new high?
