NatWest targets FY26 income ex-notables at top end of £17.2-£17.6 billion range - NWG News | RalliesNatWest targets FY26 income ex-notables at top end of £17.2-£17.6 billion range
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NWG• FY26 income and expense guidance
- NatWest guided FY26 total income excluding notable items to the top end of GBP 17.2-17.6 billion; consensus estimate GBP 17.7 billion.
- FY26 other operating expenses seen around GBP 8.2 billion; consensus estimate GBP 8.21 billion.
- Analysts’ pre-Q2 consensus models forecast FY26 net interest margin at 2.53%, cost-to-income ratio at 46.9%, CET1 ratio at 12.9%.
- Consensus also implies FY26 profit of GBP 6.13 billion on total income of GBP 18.1 billion, with impairment losses of GBP 1.02 billion.
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