|Bid||25.78 x 373000|
|Ask||25.79 x 50500|
|Day's Range||25.66 - 26.07|
|52 Week Range||25.43 - 32.83|
|Beta (5Y Monthly)||0.88|
|PE Ratio (TTM)||11.36|
|Earnings Date||May 04, 2023|
|Forward Dividend & Yield||1.66 (6.44%)|
|Ex-Dividend Date||May 10, 2023|
|1y Target Est||27.58|
Subscribe to Yahoo Finance Plus to view Fair Value for NAB.AXLearn more
One simple way to benefit from the stock market is to buy an index fund. But if you buy good businesses at attractive...
(Reuters) -National Australia Bank on Thursday posted a 19% jump in first-quarter cash profit helped by rising interest rates, but the lender warned of headwinds as house prices soften and borrowers get squeezed by rising living costs. Australian banks are expected to post strong earnings in the high interest rate environment, but the lenders' run is set to fade later this year as a cooling economy is expected to result in slower credit growth and more bad debt. "The higher interest rate environment, resulting from central bank actions to curb inflation, has benefited our revenue this period," NAB Chief Executive Officer Ross McEwan said.
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
Thank you for standing by, and welcome to nCino's third quarter fiscal year 2023 financial results conference call. With me on today's call are Pierre Naude, nCino's chairman and chief executive officer; David Rudow, chief financial officer; and Josh Glover, president and chief revenue officer.
National Australia Bank Limited ( ASX:NAB ) will increase its dividend from last year's comparable payment on the 14th...
SYDNEY (Reuters) -Two of Australia's top banks have quietly relaxed some home lending standards, banking and mortgage-broking sources said, despite authorities urging prudence in recent months amid a falling real estate market. The banks are now less conservative in counting expected rental income when assessing loan applications, said the four sources. In September, about a third of new bank mortgage lending was for investment.
(Bloomberg) -- A second Australian business owned by Singapore Telecommunications Ltd. was found to have suffered a cyberattack, compounding the data-security crisis at the company amid the huge data breach at mobile-phone operator Optus.Most Read from BloombergWorld Faces New Threats From Fast-Mutating Omicron VariantsStocks Surge in Wild Ride After CPI Data Selloff: Markets WrapKroger Wants to Merge With Albertsons to Create US Grocery GiantCore US Inflation Rises to 40-Year High, Securing Big
Taurus is a finance company that originates retail auto loans and provides floorplan finance to automotive dealers. Taurus was founded in 2016 and started originating retail auto loans in October 2019.
The deal incurred AUD508,700 of losses to date (equivalent to 0.03% of the original pool balance), which have been reimbursed by lenders mortgage insurance or excess spread.Based on the observed performance to date and loan attributes, Moody's has maintained its expected loss assumption at 0.3% for the outstanding pool.Moody's MILAN CE remains at 4.0% based on current portfolio characteristics.The transaction is an Australian prime RMBS originated and serviced by National Australia Bank Limited (Aa3/P-1/Aa2(cr)/P-1(cr)).The principal methodology used in this rating was "Moody's Approach to Rating RMBS Using the MILAN Framework" published in July 2022 and available at https://ratings.moodys.com/api/rmc-documents/390481. Moody's Rating Symbols and Definitions can be found on https://ratings.moodys.com/rating-definitions.The analysis relies on an assessment of collateral characteristics to determine the collateral loss distribution, that is, the function that correlates to an assumption about the likelihood of occurrence to each level of possible losses in the collateral.
MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS, AND PUBLICATIONS ARE NOT INTENDED FOR USE BY RETAIL INVESTORS AND IT WOULD BE RECKLESS AND INAPPROPRIATE FOR RETAIL INVESTORS TO USE MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS OR PUBLICATIONS WHEN MAKING AN INVESTMENT DECISION. IF IN DOUBT YOU SHOULD CONTACT YOUR FINANCIAL OR OTHER PROFESSIONAL ADVISER. ALL INFORMATION CONTAINED HEREIN IS PROTECTED BY LAW, INCLUDING BUT NOT LIMITED TO, COPYRIGHT LAW, AND NONE OF SUCH INFORMATION MAY BE COPIED OR OTHERWISE REPRODUCED, REPACKAGED, FURTHER TRANSMITTED, TRANSFERRED, DISSEMINATED, REDISTRIBUTED OR RESOLD, OR STORED FOR SUBSEQUENT USE FOR ANY SUCH PURPOSE, IN WHOLE OR IN PART, IN ANY FO...
(Reuters) -National Australia Bank flagged higher expenses for the second time in four months on Tuesday, citing higher personnel and leave costs, sending shares of the country's second-largest lender more than 4% lower in their worst day since mid-June. NAB, Australia's biggest business lender, bumped up its cost forecast for 2022 to between 3% and 4% from 2%-3%. Part of the cost jump comes from expected provisions of between A$60 million and A$100 million ($41.92 million and $69.86 million) related to a previously disclosed agreement with Australia's financial crime regulator to fix shortcomings in anti-money laundering compliance.
The simplest way to invest in stocks is to buy exchange traded funds. But investors can boost returns by picking...
Although most financial advisors will steer the bulk of your investment decisions to the U.S. equities sector, going abroad offers some potentially profitable opportunities. For one thing, international markets may heighten your risk-reward profile, leading to greater gains potential in exchange for the risk. With that in mind, here are some of the best Australian stocks to buy now. Of course, the primary basis for the best Australian stocks to buy now is the underlying nation’s vast natural res
(Reuters) -New Zealand's central bank on Friday issued a formal warning to National Australia Bank Ltd's local unit for failing to report around 50,000 transactions as required by anti-money laundering and counter-terrorism laws. The Reserve Bank of New Zealand said NAB's Bank of New Zealand (BNZ) did not report accurate locations for around 50,000 local and physical cash transactions between November 2018 and April 2020. Under New Zealand's anti-money laundering and counter-terrorism laws, companies are required to report transactions such as international wire transfers to the police's financial intelligence unit.
The euro rose on Monday as markets focused on European Central Bank tools to fight fragmentation in the currency bloc, shrugging off the risk of political gridlock in France for now after President Emmanuel Macron lost an absolute majority in a parliamentary election. Macron's Ensemble alliance secured the most seats in the National Assembly but fell well short of the absolute majority needed to control parliament, final results showed. Analysts and traders looked past the election result to focus instead on the ECB's attempts to contain borrowing costs in the bloc's south and the global monetary policy outlook.
The Japanese yen remained under pressure on Monday, weakening toward a 24-year low after the Bank of Japan on Friday bucked the trend in a week of massive central bank tightening to renew its commitment to ultra-easy policy. The euro was steady despite French President Emmanuel Macron losing an absolute majority over the weekend. The dollar index, which measures the currency against the yen, euro and four other major peers, was flat at 104.70, consolidating below the 105.79 high from Wednesday, a level not seen since late 2002.