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
- Private banking up for NatWest in Q3 2024 [Yahoo! Finance]Yahoo! Finance
- NatWest Group: Strong Q3 Earnings And An Improved Outlook (Rating Upgrade) [Seeking Alpha]Seeking Alpha
- NatWest Q3 Earnings Preview [Seeking Alpha]Seeking Alpha
- NatWest Group plc (NYSE: NWG) was upgraded by analysts at Jefferies Financial Group Inc. from an "underperform" rating to a "buy" rating.MarketBeat
- Europe's Bank Bailout Era Draws to End With States Selling [Yahoo! Finance Canada]Yahoo! Finance Canada
NWG
Sec Filings
- 10/31/24 - Form 6-K
- 10/31/24 - Form 6-K
- 10/31/24 - Form SC
- NWG's page on the SEC website