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RBS could be sold at a loss
20 April 2017, 06:28 | Kelvin Horton
RBS could be sold at a loss
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.
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