Royal Bank Scotland plc (The) (RBS) has risen sharply, recording gains of 8.18% in the past 4 weeks. However, the stock has corrected -6.67% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 5.56% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Royal Bank Scotland plc (The) (NYSE:RBS): The stock opened at $4.65 on Friday but the bulls could not build on the opening and the stock topped out at $4.77 for the day. The stock traded down to $4.55 during the day, due to lack of any buying support eventually closed down at $4.76 with a loss of -5.93% for the day. The stock had closed at $5.06 on the previous day. The total traded volume was 6,301,713 shares.
The stock has recorded a 20-day Moving Average of 3.64% and the 50-Day Moving Average is 15.95%. The Royal Bank of Scotland Group plc has dropped 23.6% during the last 3-month period . Year-to-Date the stock performance stands at -46.34%.
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 Companys 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 Companys 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.