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Fly News Breaks for January 10, 2018
RBS
Jan 10, 2018 | 07:52 EDT
As previously reported, Morgan Stanley analyst Alvaro Serrano upgraded RBS to Overweight from Equal Weight, stating that he believes the bank offers better earnings visibility than its peers as market share wins in mortgages will make it less vulnerable to ongoing asset spread compression. Serrano also predicts RBS' capital generation will allow it to buy back 15%-20% of its market cap in stock despite rising capital requirements.
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