RBS's Poor Q4 Results Accompanied By Plans To Exit Markets Business In 25 Countries

Investors clearly weren?t very happy about RBS?s results ? especially the bank?s growing legal burden. The long-term plan to shrink its investment banking arm did not alleviate their concerns much, as a sell-off resulted in the bank?s shares losing almost 5% of their value over trading on Thursday. We maintain a $12.50 price estimate for RBS?s stock, which is slightly ahead of the current market price.