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…
RBS Achieves Buy Rating After Trimming Deadwood
Mani
Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports