NatWest Group Q1 shares fell over 3% after non‑interest income missed consensus by 7%, despite beating profit estimates.
Attributable profit was £1.43 bn versus £1.34 bn consensus, and EPS of 17.9p beat 16.8p forecast.
Full‑year revenue guidance lifted to top of £17.2‑17.6 bn range, with flat rate assumption for rest of year.
CET1 ratio rose 30 bps to 14.3% and cost‑to‑income fell 2.1 pts to 46.5%, indicating stronger capital and efficiency.