Analysis-European banks' Goldilocks rally tempts back buyers... and bears [Yahoo! Finance]
NatWest Group plc American Depositary Shares (NWG)
Company Research
Source: Yahoo! Finance
upbeat earnings season, pushing their shares to multi-year highs, but the bounce has also lured short sellers betting that the optimism is unlikely to last. The STOXX European banks index climbed past 200 on Friday, its highest level since August 2015, as confidence in the sector's earning power grows while the U.S. Federal Reserve and Bank of England hold back on widely-anticipated interest rate cuts. But the number of investors making short bets against some major banks is also rising, suggesting they are not convinced that the rebound will last. The number of funds betting on a share price fall at British bank NatWest Group has almost doubled between Jan. 2 and May 3 from 16 to 31, according to data from Hazeltree, which provides software and other services to investment funds. Deutsche Bank is among other European banks which have also caught the eye of speculators, Hazeltree said, while 21 investors are shorting Amsterdam-listed ING, up from seven funds at the start of th
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News
- Two Fund Managers Beat 95% of Their Rivals by Betting on Britain [BNN Bloomberg (Canada)]BNN Bloomberg
- Reeves Looks to Woo Bankers Wary of a Labour UK Takeover [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Reeves Looks to Woo Bankers Wary of a Labour UK Takeover [BNN Bloomberg (Canada)]BNN Bloomberg
- C. Hoare & Co appoints non-executive director [Yahoo! Finance]Yahoo! Finance
- How To Buy And Sell NatWest (NWG) Stocks & Shares [Forbes]Forbes
NWG
Sec Filings
- 5/31/24 - Form 6-K
- 5/31/24 - Form 6-K
- 5/31/24 - Form 6-K
- NWG's page on the SEC website