Is The Royal Bank of Scotland Group plc (RBS)’s Fuel For Real? The Stock Just Increased Again

The Royal Bank of Scotland Group plc (NYSE:RBS) Logo

The stock of The Royal Bank of Scotland Group plc (NYSE:RBS) is a huge mover today! The stock increased 5.67% or $0.28 during the last trading session, reaching $5.22. About 1.56M shares traded or 70.73% up from the average. The Royal Bank of Scotland Group plc (NYSE:RBS) has declined 20.30% since September 13, 2018 and is downtrending. It has underperformed by 20.30% the S&P500.
The move comes after 9 months positive chart setup for the $31.19 billion company. It was reported on Sep, 13 by Barchart.com. We have $5.43 PT which if reached, will make NYSE:RBS worth $1.25B more.

Analysts await The Royal Bank of Scotland Group plc (NYSE:RBS) to report earnings on October, 25. They expect $0.21 EPS, up 110.00 % or $0.11 from last year’s $0.1 per share. RBS’s profit will be $1.25B for 6.21 P/E if the $0.21 EPS becomes a reality. After $0.25 actual EPS reported by The Royal Bank of Scotland Group plc for the previous quarter, Wall Street now forecasts -16.00 % negative EPS growth.

More notable recent The Royal Bank of Scotland Group plc (NYSE:RBS) news were published by: Seekingalpha.com which released: “RBS Failed Stress Tests; Still A Lot Of Uncertainty Ahead – Seeking Alpha” on December 06, 2016, also Quotes.Wsj.com with their article: “RBS Stock Price & News – Royal Bank of Scotland Group PLC ADR – Wall Street Journal” published on April 16, 2018, Benzinga.com published: “Lloyds And RBS Named The Best UK Bank Stocks – Benzinga” on October 10, 2017. More interesting news about The Royal Bank of Scotland Group plc (NYSE:RBS) were released by: Benzinga.com and their article: “Mid-Morning Market Update: Markets Open Higher; Signet Jewelers Profit Beats Views – Benzinga” published on September 05, 2019 as well as Bizjournals.com‘s news article titled: “JPMorgan and Goldman-backed Tradeweb Markets plans to raise $683 million in IPO – New York Business Journal” with publication date: March 25, 2019.

The Royal Bank of Scotland Group plc, together with its subsidiaries, provides banking and financial services and products to personal, commercial, corporate, and institutional clients worldwide. The company has market cap of $31.19 billion. The firm operates through UK Personal & Business Banking, Ulster Bank RoI, Commercial Banking, Private Banking, RBS International, NatWest Markets, Capital Resolution, Williams & Glyn, and Central Items & Other divisions. It has a 31.45 P/E ratio. It offers deposit products, including current accounts and savings accounts; personal lending products comprising secured products, personal loans, and credit cards; and commercial lending products, such as business lending, invoice financing, and asset-backed lending products.

The Royal Bank of Scotland Group plc (NYSE:RBS) Ratings Chart

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