NatWest share price rises as buyback update meets shifting BoE rate-cut bets
NatWest shares rose 1.6% to 660 pence in early London trading after the bank announced new buybacks and plans to cancel repurchased shares. JPMorgan raised its price target for NatWest to 750 pence. The bank bought back 830,691 shares on Jan. 21, reducing outstanding shares to about 7.99 billion. Investors await the Bank of England’s Feb. 5 decision and NatWest’s earnings on Feb. 13.