NatWest Group (ADR) (NWG)
Runs UK retail, wealth and commercial banking through NatWest, Coutts and related brands.
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Serves UK retail, private, wealth, commercial and institutional customers with deposits, lending, payments, investment services and capital-markets capabilities. Three customer businesses operate through a multi-brand structure, with performance shaped by UK customer activity, credit quality, deposit funding, capital and liquidity management, and conduct controls.
Provides current accounts, savings, mortgages, cards and personal loans through Retail Banking. Private Banking & Wealth Management combines Coutts with investment services, Evelyn Partners and Bestinvest, while Commercial & Institutional supplies lending, payments, financing, risk management and capital-markets capabilities.
Operations are concentrated in the UK and distributed across brands including NatWest, Royal Bank of Scotland, Ulster Bank, Coutts, NatWest Markets and Lombard. Recent execution has focused on migrating acquired retail accounts and mortgage portfolios, expanding workplace savings and wealth management, and simplifying the post-crisis group.
The model depends on UK customer activity, deposit funding, borrower credit quality, disciplined capital and liquidity management, and conduct controls across regulated banking businesses. Brand, legal-entity and reportable-segment boundaries do not map one-for-one.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 2, 2026 | Morgan Stanley | Upgrade | Rating: — | |
| May 11, 2026 | BNP Paribas | Target | Target: — | Target: $18.20 |
| Jan 7, 2026 | Barclays | Downgrade |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $127.03B · Total debt $101.67B · Total assets $994.63B · Shareholders' equity $58.39B
- Revenue
- $10.49B
- Operating income
- $3.06B
- Net income
- $2.25B
Reported in GBP, converted at the latest exchange rate
HistoryDividendAnnual yield
| Institutions | 4.86% | 199.77M ADS | |
|---|---|---|---|
| 433 holders · as of Jun 30, 2026 | |||
| Other | 95.14% | 3.91B ADS | |
| remainder | |||
4.11B ADS (1 ADS = 2 ordinary shares) as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Two share counts disagree (4.11B in the company's Sep 22, 2026 report, 1.99B elsewhere); stakes use the report.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Massachusetts Financial Services Company ("MFS")Institution | 6.10% | 250.78M | filed Feb 9, 2024 |
FMR LLCInstitution | 0.44% | 18.16M ADS | as of Jun 30, 2026 |
Natixis Advisors, L.P.Institution | 0.31% | 12.72M ADS | as of Jun 30, 2026 |
Capital International InvestorsInstitution | 0.31% | 12.70M ADS | as of Jun 30, 2026 |
BNP Paribas Arbitrage, SNCInstitution | 0.31% | 12.64M ADS | as of Jun 30, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
- Barclays (ADR)
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- Banco Santander (ADR)
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CompareAfter hours
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| NatWest Group (ADR) | $18.57 | −0.05% | $37.72B | 5.5 | 14.0 | 0.9 | +51.9% |
| Barclays (ADR) | $24.97 | +0.06% | $85.30B | 9.8 | 5.7 | 1.6 | −55.9% |
| Lloyds Banking Group (ADR) | $5.78 | −0.09% | $85.49B | 13.8 | 8.5 | 1.0 | −64.8% |
| HSBC (ADR) | $101.59 | 0.00% | $354.70B | 14.9 | 11.7 | 2.6 | +32.2% |
| Banco Santander (ADR) | $14.45 | −0.31% | $214.60B | 12.4 | 10.5 | 2.1 | +6.2% |
| Median | 13.1 | 9.5 | 1.8 | −24.8% |