RBS Reports £9 Billion In Losses; Stock Price Tumbles – ValueWalk Premium
RBS

RBS Reports £9 Billion In Losses; Stock Price Tumbles

The Royal Bank of Scotland Group plc (NYSE:RBS) (LON:RBS) reported attributable losses of £9 billion for 2013, worse than the consensus £7.2 billion, dropping tNAV 16% quarter on quarter from 431p to 363p, which means that RBS is now trading at 1.0x 2013 tNAV. Revenues fell 12% year on year, and tier 1 capital ratios were lower than anticipated.

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