RBS: first-half results ahead of consensus.
(CercleFinance.com) - The Royal Bank of Scotland managed to grow income, cut costs and use less capital in the first six months of the year, in addition to beating analysts' expectations.
RBS reported pre-tax operating profit of 1.95 billion pounds for the first six months of 2017, compared to a loss of 251 million pounds in the same period a year ago.
The bank said it increased adjusted operating profit across its core personal and business banking (PBB), commercial and private banking (CPB), and NatWest Markets businesses.
RBS added that it has made good progress towards achieving its stated full-year ambition and is maintaining its 2017 financial guidance, as well as its medium-term financial outlook.
It still expects to be profitable in 2018.
RBS shares were up 3.5% at 265.3 pence after these results.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
RBS reported pre-tax operating profit of 1.95 billion pounds for the first six months of 2017, compared to a loss of 251 million pounds in the same period a year ago.
The bank said it increased adjusted operating profit across its core personal and business banking (PBB), commercial and private banking (CPB), and NatWest Markets businesses.
RBS added that it has made good progress towards achieving its stated full-year ambition and is maintaining its 2017 financial guidance, as well as its medium-term financial outlook.
It still expects to be profitable in 2018.
RBS shares were up 3.5% at 265.3 pence after these results.
Copyright (c) 2017 CercleFinance.com. All rights reserved.