Royal Bank of Scotland Group PLC (RBS) was Downgraded by BofA/Merrill to ” Underperform”. Earlier the firm had a rating of “Neutral ” on the company shares. BofA/Merrill advised their investors in a research report released on Jun 27, 2016.
Many Wall Street Analysts have commented on Royal Bank of Scotland Group PLC. Royal Bank of Scotland Group PLC was Downgraded by JP Morgan to ” Underweight” on Jun 27, 2016. Royal Bank of Scotland Group PLC was Downgraded by Societe Generale to ” Sell” on Jun 27, 2016. Royal Bank of Scotland Group PLC was Downgraded by Jefferies to ” Hold” on Jun 27, 2016.
Royal Bank of Scotland Group PLC closed down -2.06 points or -27.50% at $5.43 with 2,64,97,688 shares getting traded on Friday. Post opening the session at $5.77, the shares hit an intraday low of $5.41 and an intraday high of $6.14 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
The Royal Bank of Scotland Group plc (RBS) provides financial products and services to personal commercial corporate and institutional customers. The Company conducts its business through three franchises and seven operating segments. The Company’s Personal & Business Banking (PBB) franchise consists of two segments: UK Personal & Business Banking (UK PBB) including Williams & Glyn and Ulster Bank. The Commercial & Private Banking (CPB) franchise consists of two segments Commercial Banking and Private Banking. The Company’s other segments are Corporate & Institutional Banking (CIB) Central Functions and RBS Capital Resolution (RCR). RBS operates in the United Kingdom the United States and internationally through its principal subsidiaries The Royal Bank of Scotland plc (the Royal Bank) and National Westminster Bank Plc (NatWest). Both the Royal Bank and NatWest are clearing banks in the United Kingdom.