NatWest shares slump 5% despite tripling profit
NatWest (NWG.L) fell out of favour with investors on Friday, falling as much as 5% on the day, despite revealing that pre-tax profit tripled in the three months to September, compared to last year.
The state-backed bank said profits came in at £1.1bn ($1.5bn), up from £355m in the same period a year ago, while revenue stood at £1.8bn. This also beat the £677m forecast from analysts thanks to a jump in mortgage lending.
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