mkt correction21 Feb 2022 23:49
When everyone expects the market to fall it does not happen. The mkt indexes are so highly manipulated they can turn in a dime. NWG had a large gain when they reversed impairment losses. 2020 ( 3,131 ) & 2020 + 1,278. When you add both extremes you show a 4,409 gain. NWG essentially reversed the impairment loss of (3,131) & added an impairment gain of 1,278 for 2021. That could be clever accounting or simply an exaggerated impairment loss of ( 3,131 ) that never materialized & should never have been taken in 2020. Otherwise, the earnings have been fairly consistent, & expenses have been watched closely. Not sure how much the stock price can fall with an event like ukraine. The stock is not that high anyways, & the stock has huge safety tiers (18%) compared with other large banks like citi, jpm, gs. .. should do fine..