NatWest Group reported second-quarter operating profits of GBP 1,773 million, exceeding consensus estimates. Income generation was strong, supported by a structural hedge. Operating expenses growth aligned with guidance. Income and return on tangible equity guidance for 2025 were raised to above GBP 16 billion and 16.5%, respectively. Operating costs are on track to meet full-year guidance. Maintaining fair value estimate of GBX 480 per share.

Read more at Morningstar: Bank Lifts Guidance in Line With Expectations