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What year is this post
Dino, At least This way they only have to change half the Stationary. No doubt we shall hear more tomorrow from Alison Rose about the move.
Watch this space.
SonofRobin - your reply took me back to my school days when I used to catch bus to Clapham Common to play football !
Think you'll find that for many, especially overseas based investors, Nastywest is tarred with same brush as RBS, and for UK investors, Nastywest has enough past sins of its own to feel toxic. IMO - a brand new name would have been much appreciated, hopefully one better than the now extinct irish cow (bo). Phoenix would have been good ...
You forgot to mention Goldman Sachs still recommends Buy for RBS and has much more upside than most other banks such as Lloyd's.
ALSO you highlight the one sell recommendation from 11 broker forecasts where most recommended buy and hence consensus is buy. (funny that). There are no guarantees over short term however with p.e. Ratio of under 6 I'm holding mine for 3 to 5 years as I'm sure it will give me more than fixed isa interest. Not worried about short term noise but feel you are not giving the full picture for people to make up their own minds.
UK bank forecasts too optimistic about interest rates and unemployment effects from coronavirus, warn analysts Goldman Sachs who cut its share price targets for the whole sector and Deutsche Bank flagged the ‘sell’ sign for RBS and HSBC.
But hey, what do brokers know!
Guys is this a good long term play? I know its fallen giant but looking at fundamentally strong stocks that may recover
Dino, On the contrary, the bad was attached to the RBS brand even at the height of the crisis over ten years ago. Most Clapham Bus passengers didn’t make the connection. Another good action would be to parcel up the Scottish bits and hand over at valuation to the Nicola T****y leader north of the border. Nice end to the Goodwin saga, I think. NatWest was a solid institution until the bean counting unqualified banker took over with Scottish paper.
Pathetic waste of funds. Toxic RBS rebranded as Natwest, commonly known as Nastywest to its friends and enemies. Pointless rebrand compounded by long term negative associations with new name. Could at least have come up with new name providing clean break from the past.