Citi forecasts NatWest’s Q1 adjusted profit before tax to exceed consensus by 7% and HSBC’s by 3% significantly.
Barclays expected to post 2% NII decline Q1, profit £3bn, 6% above consensus, driven by revenue beat and lower impairments.
Lloyds profit forecast £1.9bn, 3% below consensus; NatWest £2.1bn, 7% above, with provisions expected ~16% lower than previous.
Citi sees full‑year NII growth resuming Q2 2026, projecting 7% at Barclays, 8% at Lloyds, 13% at NatWest.