RBS Achieves Buy Rating After Trimming Deadwood

Royal Bank of Scotland Group plc (NYSE:RBS) (LON:RBS) (AMS:RBS) gets a Buy rating from Jefferies with the price target set at 390 p, up from the current 317.40 p. Joseph Dickerson and the team at Jefferies anticipate the pre-tax operating profit of Royal Bank of Scotland Group would move up 6 percent thanks to lower cost and higher NIM in commercial banking. RBS’ i-bank’s earnings understated after trimming deadwood As reported earlier, Royal Bank of Scotland Group plc (NYSE:RBS) (LON:RBS) (AMS:RBS) has seen its core business profits fall 17 percent so far this year as the company continues to deleverage. The bank is…