ROYAL BANK OF SCOTLAND GROUP PLC is within a rising trend. Continued positive development within the trend channel is indicated. The stock has broken up through the resistance at pence 50.00. A further rise to 100p (1) is predicted in the medium term. The stock is assessed as technically positive for the medium long term.

Good luck -

Now if George could just buy back those half billion shares they sold a few weeks ago some 20p cheaper than would be really useful

Macquarie broker note:
" We upgrade the shares to Neutral. There are still considerable risks around RBS, particularly material outstanding litigation and conduct liabilities that are virtually unquantifiable.
 However, having underperformed the European bank sector and the UK market by over 20% year to date (UK banks -12%) the shares are trading at a c30% discount to European banks (PTBV15e 0.8x v EuroBank average 1.2x).
 For a bank which we believe is pursuing the correct strategy of focusing on its core valuable UK Retail and Commercial banking franchise (are you listening Barclays?) this leaves the risks far more balanced. We upgrade to Neutral and recommend closing the short.
 RBS published a poor set of Q3 results. IFRS PBT £2m was better than consensus expectations for a loss of £84m. However, this was driven by lower litigation and conduct charges.
 Core adjusted PBT (ex. US exit and Non-core) £854m was -15% (-£145m) below estimated consensus.
 Key drivers include weaker than expected revenue including -£126m for IFRS volatility (weak Commercial Banking and Centrals), and higher than expected costs (UK Personal & Business Banking and Centrals).
Action and recommendation
 RBS is a challenging bank for investors. Management are good and strategy correct. Long term there seems little reason why it should not trade at a similar PTBV15e to Lloyds (1.35x).
 However, before we reach the promised land we need to cross the litigation desert. RBS is exposed to just about every major sector litigation, plus a few extra. Trying to quantify these is still fraught with uncertainty.
 That said, we believe that we have provided at the conservative end of the spectrum (including $10bn for US RMBS action) and still have a 300p price target. With the risks more balanced we close the short and upgrade the shares to Neutral."

StockMarketWire.com
Royal Bank of Scotland has made provisions for about USD2.7bn covering Payment Protection Insurance and Residential Mortgage-Backed Securities as it moves to clean up its core business and put the past behind it.

It would provision an additional USD2.2bn in relation to various US RMBS litigation claims in Q4 2015 which will reduce attributable profits for Q4 2015 by GBP1.5bn, reduced TNAV per share at 31 December 2015 by 13p, and the CET 1 capital ratio by 0.6%.

It confirmed an additional provision of GBP500m in relation to PPI in the context of the recent FCA consultation paper CP15/39, which will reduce attributable profits for Q4 2015 by GBP500m, reduce TNAV per share at 31 December 2015 by 4p, and the CET 1 capital ratio by 0.2%.

Moreover, there was a Q4 2015 goodwill impairment charge of GBP498m in respect of its Private Banking business. This will reduce attributable profits in Q4 2015 by GBP498m, but as an intangible item will have no impact on TNAV per share or the CET1 ratio.

As at 31 December 2015, RBS expects to report a CET1 capital ratio of approximately 15% and TNAV per share of approximately 350p versus a CET1 capital ratio of 16.2% (pro-forma for the full disposal of Citizens) and TNAV per share of 384p as at 30 September 2015, pending the completion of normal year end processes. These figures are preliminary estimates and unaudited.

Subject to PRA approval, we expect the adverse core capital impact resulting from the proposed pension accounting change, including the �4.2 billion accelerated payment, to be partially offset by a reduction in RBS's core capital requirements.

The timing of any such potential core capital offsets are likely to occur at the earliest 1 January 2017, and will depend upon PRA's assessment of RBS's core capital position at that time.

CEO Ross McEwan said:
"I am determined to put the issues of the past behind us and make sure RBS is a stronger, safer bank. We will now continue to move further and faster in 2016 to clean-up the bank and improve our core businesses.

"We've always been open about the scale of past issues facing RBS and although there is clearly much more to do, this announcement is a further step towards addressing legacy issues and building a great bank for our customers and delivering long term value for our shareholders."

How much has been pumped ınto thıs bottomless pıt after all these years and ıts only

worth 25p

I am ıgnorıng the massagıng of the stock splıt.

a slightly clearer 6 month chart with 25,50 and 200 dma lines

That's a grim looking chart, even when you look at it upside down!

Trust you to be standing on your head, Kimmie ;)

JP Morgan Cazenove today reaffirms its neutral investment rating on Royal Bank of Scotland Group (The) PLC (LON:RBS) and cut its price target to 335p (from 365p).

OK - it's time for me to say it. Surely this is the opportunity not to be missed.

I know prices can always go lower but I cannot believe some of the prices available at the moment.

Bought (some more) at 230.0 today.

Final Results

Where is it going to stop?

So far had two attempts to close gap @ 245 and having done so fallen back. Trying now for third time lucky. May be worth a punt leading up to Q1 results on 29/04.

Limit Buy waiting on spreads @ 245.50 if filled initial target 260p

If 220p can hold, chance of a bounce. Miles away from my Limit Buy @ 245.50 watching.

George Osborne will have to consider selling the public stake in Royal Bank of Scotland at a loss because keeping it in the public sector is bad for the bank and the economy, the outgoing head of the Treasury has claimed. Sir Nick Macpherson said it was "going to be tricky" for the state to sell all of its £19.2bn stake in RBS before the next election - a sale intended by Gideon the useless to deliver "the largest privatisation proceeds of all time"

Does thıs draın have any assets worth sellıng?

Heading for the 210 area again. Will it get there or not? and might it be today.

Sub 210 does look a good price but I may well go for HSBA or AV. instead. The dividend on HSBA is particularly attractive

Very sad to see this after Billions thrown at it. Very angry too.

Poor RBS - 158p and still nose-diving. Looks what Brexit has done to the banks.

RBS Group performed poorly in the latest European stress tests, which assess how the banks might perform in adverse economic conditions. Under the adverse conditions, RBS's capital levels fell by 7.5% - the third biggest fall of the 51 banks tested.
However, RBS said the tests showed its "continued progress" in improving its balance sheet.
RBS was bailed out by the government in 2008 and the UK taxpayer continues to hold a 73% stake in the bank. The health check of 51 lenders in the European Union was carried out by the London-based European Banking Authority and assessed how much capital banks would use up in adverse conditions, including an economic downturn.