NatWest stock gains on wealth arm profit growth and international upgrades

Published on 09/04/2026 at 12:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

NatWest stock is trading higher as investors digest stronger first-half 2026 profits in its wealth and private banking arm and fresh international analyst upgrades that highlight valuation upside.

3D-Architekturrender eines modernen Bankturms bei Nacht mit leuchtenden Etagen — NatWest Group plc moderner Bankturm als nächtliches Architektur-Render mit Glasfassade, ISIN GB00BM8PJ831, Illustration mit AI erstellt.

NatWest Group stock (ISIN GB00BM8PJ831) is trading firmer as of September 4, 2026, with London-listed shares around 695.40 pence on the sell side and 695.80 pence on the buy side, according to live order book data from AJ Bell.

Wealth arm lifts first-half 2026 profits

The private banking and wealth management arm of NatWest Group delivered a clear earnings improvement in the first half of 2026. According to a sector summary compiled by Family Wealth Report, the unit, which now includes Evelyn Partners alongside Coutts, generated operating profit of 212 million pounds for the six months to June 30, 2026, up from 179 million pounds a year earlier.

That represents profit growth of about 18.4 percent year on year for the wealth and private banking business, underlining the contribution of the Evelyn Partners acquisition to NatWest Group's broader earnings profile in 2026. The same overview notes that assets under management and administration at the unit increased distinctly, supported by the integration of Evelyn Partners, although the exact asset figure is not specified.

Analyst upgrades and valuation focus

International coverage continues to emphasize NatWest Group's valuation and income profile. MarketBeat's live overview of the New York-listed NatWest American depositary shares shows the NWG ticker trading at 18.90 dollars as of September 4, 2026, up 0.32 dollars or 1.69 percent intraday, and indicates that the shares started 2026 at 17.49 dollars and have risen by 7.8% since then as of the latest price snapshot. MarketBeat

The same MarketBeat summary cites recent analyst actions, including an upgrade of NatWest Group to a buy rating by Morgan Stanley in the international market and a price objective increase communicated by Bank of America, which argues that NatWest Group's valuation discount is not justified. While specific target levels in dollars are not detailed in the snapshot, the combination of a positive rating stance and an argument for narrowing the discount supports the share's performance in 2026.

Go deeper

NatWest fundamentals and stock details

Further figures, regulatory filings and detailed financials for NatWest Group can be accessed via the dedicated topic page and the company investor relations section.

NatWest topic overview on ad-hoc-news.de Investor Relations

Cross-market trading and DACH relevance

NatWest Group's primary listing is on the London Stock Exchange under the ticker NWG, where the stock is quoted in pence. The AJ Bell market research page shows recent trading around 695.40 pence on the sell side and 695.80 pence on the buy side on September 4, 2026, with intraday trades logged at nearby levels across the order book. AJ Bell live pricing

For investors in German-speaking markets, NatWest Group is also accessible through secondary trading on German platforms, with earlier coverage citing the stock around 6.83 pounds, equivalent to 683.00 pence, in the first days of September 2026 and highlighting a narrow day-on-day move. Such cross-market quotations allow DACH investors to follow NatWest Group's price development alongside major European bank peers even without a domestic index listing.

Key retail and wealth brands under NatWest Group

As a diversified banking group, NatWest operates a series of consumer-facing brands that underpin its revenue streams. In the United Kingdom, the core NatWest retail banking brand provides current accounts, mortgages, personal loans and digital banking services to millions of households, while the Royal Bank of Scotland brand maintains a regional presence, especially in Scotland.

On the wealth side, the group owns Coutts, a long-established private bank serving high net worth clients, and has integrated Evelyn Partners into its wealth management and financial planning ecosystem. The wealth arm's operating profit of 212 million pounds in the first half of 2026, up from 179 million pounds in the prior-year period, illustrates how these brands collectively contribute to NatWest Group's fee and commission income as well as interest earnings in the current interest-rate environment.

NatWest stock price snapshot

As of September 4, 2026, NatWest Group shares are quoted at about 695.40 pence on the London Stock Exchange for sell orders and 695.80 pence for buy orders, according to live data compiled by AJ Bell, with the NWG ticker representing the ordinary shares. AJ Bell latest quotation For US investors, the NatWest American depositary shares trade at 18.90 dollars as of the most recent intraday snapshot on September 4, 2026, according to MarketBeat.