Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
On Friday we had the preliminary interim results from the Royal Bank of Scotland (RBS.) Whereas one might have might have expected something slow and vaporous, they were instead robust and tangible enough to push the share price to rise not so much like the slowly rising ghost from the deep grave of its former self but more like a rocket on Guy Fawke's night. The numbers which lit the touch paper of the market’s hopes and best expectations were the reported figures for profits before tax and the operating profits during the first half.
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