When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
RBS - Royal Bank Of Scotland: Strong Capital Position To Benefit From A Rebound
Royal Bank of Scotland Group Plc New ADS
1Q20 results quick take
RBS (RBS) reported a weak set of results which were below market expectations. Adjusted PBT of GBP519M was down 49% yoy which includes a large impairment charge of ~GBP800M or about 90bps, and the company also guides to a meaningfully higher figure for the full year. ECL overlay increased GBP628M to GBP798M which is based on a scenario where U.K. unemployment reaches 7.6% as well as start-to-trough GDP and UK HPI declines of (4.3%) and (19.7%), respectively, with a recovery over 2021.