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RBS reports 4Q loss

EDINBURGH, Britain (AP) _ Royal Bank of Scotland Group PLC (RBS) on Friday reported a loss of $5.77 billion in its fourth quarter.

The bank, based in Edinburgh, Britain, said it had a loss of $1 per share. Earnings, adjusted for non-recurring costs and restructuring costs, were 19 cents per share.

The bank posted revenue of $5.06 billion in the period. Its adjusted revenue was $4.31 billion.

For the year, the company reported that its loss widened to $7.13 billion, or $1.61 per share. Revenue was reported as $17.07 billion.

RBS shares have climbed 7 percent since the beginning of the year. In the final minutes of trading on Friday, shares hit $5.92, a decline of 10 percent in the last 12 months.


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


Keywords: Royal Bank of Scotland, Earnings Report