Finance
NatWest Rises to Highest in Nine Years After Bank Lifts Outlook
- British bank’s customers keep borrowing through uncertainty
- Shares in UK lenders have bounced on strong earnings this week
NatWest Group Plc raised its outlook for the year after earnings beat estimates in the third quarter, helped by continued appetite for loans and tailwinds from the way it manages interest rates.
Shares in the bank rose to the highest in nine years after it reported an increase in operating profit before tax to about £1.67 billion ($2.2 billion), better than analysts’ expectations compiled by Bloomberg of £1.48 billion.