RE: Looking to the future19 Jan 2026 17:14
A bit more on the RBC view:
RBC Capital Markets upgraded the stock to outperform from sector perform, saying that while there’s “more fat” to trim on costs and noting the lender appears to be taking steps to speed up its restructuring.
RBC ups its price target to 625p from 475p.
Says CBG has a cost problem with loans per employee sitting well below levels at other UK banks and specialty lenders.
But RBC points to CBG decision to hire a transformation director, which suggests the lender could go “harder and faster” on restructuring
In other words - further significant cost cuts are on the way!