In 2023, NatWest faced controversy and poor performance after a dispute involving Nigel Farage. However, the bank has since turned things around under new leadership, with shares up 166% in 2024. Despite being 90% down from pre-crisis highs, NatWest stock has seen a resurgence, with strong Q3 2025 results.

NatWest’s recent success has driven its share price to a 15-year high and contributed to the UK FTSE 100 hitting fresh highs. In Q3 2025, the bank posted a £2.1 billion pre-tax operating profit, up 30% from the previous year. With a 45% increase in stock value since the start of the year, NatWest is poised for its best annual gain since 2024.

Morningstar equity analyst Niklas Kammer gives NatWest stock a positive rating, noting its strong retail and commercial banking franchise. However, he believes the stock is currently overvalued, with net interest margins expected to peak in 2027. Despite recent success, investors should consider the future outlook before buying NatWest stock.

Read more at Morningstar: Stock of The Week: Is NatWest Stock a Buy?