Stock Track | NatWest Group Plunges 5.70% in Pre-Market Despite Strong Q4 Earnings, Broader Market Weakness
Stock Track
Feb 13
NatWest Group's stock fell sharply by 5.70% in pre-market trading on Friday, even as the bank reported better-than-expected quarterly earnings and revenue.
The decline occurred despite NatWest Group posting Q4 earnings of $0.46 per share, beating analyst estimates by 28.61%, and revenue of $5.751 billion, exceeding expectations by 1.07%. Both figures represented significant year-over-year growth.
The pre-market drop coincided with broader market weakness as equity futures declined following the release of January consumer price inflation data, which may have contributed to negative sentiment overriding the company's positive results.
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