Part-nationalised lender Royal Bank of Scotland (RBS) had a good day on Thursday, advancing in the slipstream of Lloyds after the latter's well-received results. RBS's own third quarter trading update, therefore, will probably need to be something special to live up to expectations raised by Lloyds.
Nomura says that the things to watch out for in RBS's third-quarter statement on Friday include: an improvement in core trends, particularly in NIMs (net interest margins); stable revenues in GBM (Global Banking and Markets); muted improvement in asset quality; and £350 in PPI provisions.
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