Royal Bank of Scotland (NYSE:RBS) falls 5.3% in premarket trading after warning that it's unlikely to achieve its target return on tangible equity of more than 12% and cost-income ratio of less than 50% in 2020.
Announces interim ordinary dividend of 2 pence and special dividend of 12 pence.
2019 outlook is unchanged; anticipates a further £1.2B of FX recycling gains in H2 2019 upon transfer of ownership of NWM NV to NWM Plc.
Q2 operating profit before tax of £1.68B increased £1.01B in Q1 and £613M in Q2 2018.
Q2 net interest margin of 1.78% falls from 1.89% in Q1 and 2.01% in the year-ago quarter.
Q2 return on tangible equity of 15.8% vs. 8.3% in Q1 and 1.1% in Q2 2018.
Previously: The Royal Bank of Scotland reports Q2 results (Aug. 2)
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