ibusinesslines.com August 16, 2017

RBS could be sold at a loss

20 April 2017, 06:28 | Kelvin Horton

RBS could be sold at a loss

Royal Bank of Scotland Group PLC logo

In 2015, former Chancellor George Osborne sold a 5.4% stake was sold at 330p per share, raising about £2 billion and cutting the government's holding to 72.9% of RBS shares in total.

RBS in February reported an eye-watering loss of £6.95bn for the year to 31 December 2016, compared to a loss of £1.97bn in the year-ago period, marking its ninth consecutive loss.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter. Capstone Asset Management Co. now owns 109,508 shares of the financial services provider's stock valued at $510,000 after buying an additional 8,880 shares during the period.

Analysts await Royal Bank of Scotland Group PLC (NYSE:RBS) to report earnings on May, 5.

RBS' share price has gained ground in London in today's session, having added 1.25 percent to 227.50p as of 09:54 BST, outperforming the blue-chip FTSE 100 index which is now 0.13 percent worse off at 7,138.39 points. Comerica Bank boosted its stake in shares of Royal Bank of Scotland Group PLC by 14.0% in the fourth quarter.

Hammond suggested yesterday that the taxpayer's remaining shares could be sold below the 502p average price that was paid to bail out the lender during the financial crisis in 2008 and 2009.

01/17/2017 - Royal Bank of Scotland Group plc had its "neutral" rating reiterated by analysts at Goldman Sachs. Finally, Dimensional Fund Advisors LP increased its position in shares of Royal Bank of Scotland Group PLC by 3.5% in the fourth quarter. The Pennsylvania-based Tfs Capital Llc has invested 0.16% in the stock.

COPYRIGHT VIOLATION WARNING: This news story was originally published by BBNS and is owned by of BBNS. The stock's market capitalization is 35.35B. If you are accessing this piece of content on another publication, it was illegally copied and reposted in violation of USA & worldwide copyright and trademark laws. The firm's 50-day moving average is $5.93 and its 200 day moving average is $5.44.

Media headlines about Royal Bank of Scotland Group PLC (NYSE:RBS) have trended positive on Monday, according to Alpha One Sentiment Analysis.

The Royal Bank of Scotland Group plc (RBS) is a banking and financial services company. The legal version of this news story can be viewed at https://baseballnewssource.com/markets/royal-bank-of-scotland-group-plc-rbs-receives-consensus-recommendation-of-hold-from-brokerages-updated/540071.html. Royal Bank of Scotland Group PLC has a 1-year low of $3.91 and a 1-year high of $7.60. The Company provides financial products and services to personal, commercial, corporate and institutional customers, through its subsidiaries, The Royal Bank of Scotland and National Westminster Bank Plc (NatWest), as well as through other brands, including Ulster Bank and Coutts.

Other News

Trending Now

Venezuela opposition calls new protest today
Maduro, meanwhile, has ordered the Venezuelan armed forces onto the streets to maintain order. The opposition attributed the two student deaths to groups known as " colectivos ".

Korea working to confirm reports on controversial Trump-Xi remark
Yoon suggested unification on the Korean peninsula would be realized without China's meddling. But in the meantime, he has stirred a diplomatic row between South Korea and China.

Volleyball games at North Korean nuke test site: Monitor
The pictures were released by 38 North , a North Korea monitoring project at Johns Hopkins University, in Maryland. Analysts still believe the site is ready for another nuclear test at any time.

Price Of Crude Oil Dips On Supply Glut Concerns
Output in the lower-48 states rose 21,000 barrels a day to 8.72 million, also the highest since August 2015. Brent for June settlement fell 45 cents to $54.44 a barrel on the London-based ICE Futures Europe exchange.

U.S. 'sword stands ready', Mike Pence warns North Korea
Is the Korean Peninsula headed for war? About 47,000 U.S. troops are stationed in Japan and a further 28,000 are in South Korea. Pence said Trump was hopeful China would use its influence in the region to pressure the North to abandon its weapons program.

Fox dumps embattled host over harassment allegations
His exit came nine months after his former boss, Fox News CEO Roger Ailes, was ousted following allegations of sexual harassment. There was the prospect of even more, with his audience larger in the first three months of 2017 than it has ever been.

Katherine Heigl on 'Unforgettable,' overcoming 'mommy guilt'
Heigl , who gave birth in December, ultimately chose to name her baby boy after her husband, musician Josh Kelley . "And he was like, 'Aw, I love that".