NAB.AX - National Australia Bank Limited
Chart Events
Performance Outlook
- Short Term2W - 6W
- Mid Term6W - 9M
- Long Term9M+
| Previous Close | 26.04 |
| Open | 25.95 |
| Bid | 25.78 x 373000 |
| Ask | 25.79 x 50500 |
| Day's Range | 25.66 - 26.07 |
| 52 Week Range | 25.43 - 32.83 |
| Volume | |
| Avg. Volume | 6,360,950 |
| Market Cap | 81.514B |
| Beta (5Y Monthly) | 0.88 |
| PE Ratio (TTM) | 11.36 |
| EPS (TTM) | 2.27 |
| Earnings Date | May 04, 2023 |
| Forward Dividend & Yield | 1.66 (6.44%) |
| Ex-Dividend Date | May 10, 2023 |
| 1y Target Est | 27.58 |
Fair Value
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(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.
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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'sCross-Sector: Market Data Highlights
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...
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(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.
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(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.
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