Friday preview: NatWest Group in focus
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NATWEST GROUP
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For NatWest Group's third quarter, UBS analyst Jason Napier says they key will be what the lender will be what it has to say about the future path for net interest income and as regards capital generation and deployment.
Citing Natwest's own disclosures, Napier pointed out that it was the most geared lender to the recent improvement in yield curve conditions, what with markets already discounting 115 basis points in UK hikes over the coming year, against just 20bp as at the end of June.
"Key within results will be assessing how those benefits are reinforced by a potentially larger rate hedge and offset by the significant decline in flow mortgage spreads."
Friday 29 October
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