Royal Bank of Scotland Has An Earnings Problem: Investec

The Royal Bank of Scotland Group plc (NYSE:RBS) (LON:RBS) has outperformed other UK banks and the FTSE 100, despite steadily declining core profits and net asset value. The stock had a correction at the end of January, but has since bounced back by 8% making some analysts argue for a tactical short ahead of the FY13 earnings results coming out on February 27.

Investec analyst Ian Gordon recommended that investors close their . . .


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