Britain’s biggest banks, including HSBC (HSBA.L) and NatWest (NWG.L), are set to follow their European counterparts and raise profit targets when they report annual earnings in the coming weeks, people close to the matter said.
HSBC is expected to lift its return on tangible equity (ROTE) outlook – a key measure of profitability – above its current “mid teens or better” guidance, while NatWest is likely to upgrade its guidance
