NatWest's $4bn poser
Article Abstract:
National Westminster Bank plans to raise $4 billion by selling NatWest Bankcorp, its US subsidiary. Six brokers were asked about prospects for the bank's shares, and three rate them a buy, two a sell, and one a hold. Buyers include Yamaichi, which argues that benefits are likely to accrue from the bank's large investment levels. BZW rates the bank's shares a hold and is less concerned than previously over cost control. ABN AMRO Hoare Govett is concerned about uncertainty of the bank's direction outside its main activities.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1995
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NatWest in favour
Article Abstract:
National Westminster (NatWest) shares are rated a buy by a sample of eight analysts although the shares have not risen by as much as UK banking shares as a whole. ABN Amro argues that the refocusing of NatWest has yet to be appreciated by markets. Morgan Stanley notes the bank's strong capital ratios. Credit Lyonnais Lang notes that NatWest has room for retrenchment and aims to reduce its cost income ratio. BZW also forecasts a reduction in the bank's costs.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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Solid story at Lloyds
Article Abstract:
Lloyds TSB has performed well though there are concerns about a possible acquisition and a bill allowing a transfer of customers to the merged company. Four brokers from a sample of six rate the bank's stocks a buy, one rates them a hold and one rates them a sell. The buyers are Lehman Brothers, Dresdner Kleinwort Benson, Salomon Smith Barney and Societe Generale. NatWest is the holder, and Collins Stewart is the seller, seeing the stocks as overvalued.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1998
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