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RBS: 1Q Earnings Snapshot

RBS: 1Q Earnings Snapshot

EDINBURGH, Britain (AP) _ Royal Bank of Scotland Group PLC (RBS) on Friday reported first-quarter net income of $920.7 million.

The Edinburgh, Britain-based bank said it had earnings of 15 cents per share.

The bank posted revenue of $4.88 billion in the period. Its revenue net of interest expense was $3.96 billion, which fell short of Street forecasts.

RBS shares have climbed 17 percent since the beginning of the year. The stock has dropped 15 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RBS at https://www.zacks.com/ap/RBS

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