0700 GMT - NatWest narrowed guidance still looks prudent, RBC Capital Markets says in a note after the U.K. bank said it expects this year's returns and income to come in toward the upper end of its targeted ranges. "We believe the focus of [Friday's] call will be on guidance which still looks conservative despite an upgrade and on potential inorganic activity," analyst Benjamin Toms and associate Sherry Lin write. NatWest had guided for return on tangible equity to land between 15% and 16%, while total income excluding notable items was between 15.2 billion to 15.8 billion pounds. This compares with analyst estimates compiled by the company which have a 2025 return at 16.5% and pencil in 15.81 billion pounds in income. (elena.vardon@wsj.com)
(END) Dow Jones Newswires
May 02, 2025 03:00 ET (07:00 GMT)
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