NAB.AX - National Australia Bank Limited

ASX - ASX Delayed Price. Currency in AUD
16.24
-0.23 (-1.40%)
As of 2:20PM AEST. Market open.
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Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close16.47
Open17.01
Bid16.24 x 0
Ask16.25 x 0
Day's Range16.04 - 17.16
52 Week Range13.19 - 30.00
Volume7,500,898
Avg. Volume11,179,050
Market Cap46.698B
Beta (5Y Monthly)0.86
PE Ratio (TTM)9.88
EPS (TTM)1.64
Earnings DateMay 08, 2020
Forward Dividend & Yield1.66 (10.08%)
Ex-Dividend DateNov 14, 2019
1y Target Est28.81
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
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    • A Sliding Share Price Has Us Looking At National Australia Bank Limited's (ASX:NAB) P/E Ratio
      Simply Wall St.

      A Sliding Share Price Has Us Looking At National Australia Bank Limited's (ASX:NAB) P/E Ratio

      To the annoyance of some shareholders, National Australia Bank (ASX:NAB) shares are down a considerable 34% in the...

    • Reuters

      RPT-INSIGHT-Under water? Banks play home loan lottery as insurers bail out

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    • Australia’s Record-Breaking Rally Stuns Traders, Lifts Markets
      Bloomberg

      Australia’s Record-Breaking Rally Stuns Traders, Lifts Markets

      (Bloomberg) -- Australian stocks staged a record-breaking intraday rebound in the midst of near universal market gloom, a move that bewildered some traders but nonetheless quickly spread to other riskier assets.In one of the wildest sessions ever for Australia’s nearly $1 trillion market, the benchmark S&P/ASX 200 Index swung from an 8.1% loss to a 4.4% gain -- the biggest intraday move since the gauge was created in 2000. Everything from S&P 500 Index futures to Indian shares and the Chinese yuan soon followed suit, though in some equity markets the rebound wasn’t enough to lift indexes into the green.Traders cited multiple potential reasons for the sudden recovery, from simple bargain hunting to a Reserve Bank of Australia cash injection into the financial system and Prime Minister Scott Morrison’s decision to refrain from closing schools and public transport. Yet the move still shocked some investors and underscored the historic levels of volatility in financial markets as the coronavirus pandemic clouds the outlook for economies around the world.“Much of this remains in peril’s path with no headline to confirm what is going on,” said Stephen Innes, chief Asia market strategist at Axicorp.The S&P/ASX 200 ended the day with its biggest advance since November 2008, though it was still down nearly 11% for the week. It fell into a bear market on Wednesday, 14 trading days after hitting a record high.Read more investor views on the market turbulence.The RBA pumped the most extra cash into funding markets in at least seven years on Friday, after financial institutions’ demand came in at more than double the amount the central bank signaled it would inject. The RBA dealt A$8.8 billion ($5.5 billion) in its open market operations, after saying it intended to offer A$3.7 billion.“It’s the central bank injection that has probably calmed investors nerves over a liquidity crisis, major buyers could be the big pension funds,” said Justin Tang, head of Asian research at United First Partners in Singapore. “Looks like nerves are steadied.”Of the country’s big four banks, shares of National Australia Bank Ltd. and Australia & New Zealand Banking Group Ltd. saw the wildest fluctuations, swinging more than 15% through the session. Hearing aid maker Cochlear Ltd. rose as much as 17% after early losses of 5.6%. Viva Energy Ltd. fluctuated between a 13% gain and 11% decline.Most sectors finished up for the day, led by health care and energy shares. Utilities and real estate stocks were the biggest laggards, down more than 2%.Volume on the ASX 200 skyrocketed to levels more than three times its three-month daily average, according to data compiled by Bloomberg.“You’re getting a lot of people potentially trying to think that this is the bottom,” said Jessica Amir, a market analyst at Bell Direct Ltd. “You’re seeing volume increase, people taking advantage of cheaper prices that are comparatively different from where they were about three weeks ago.”(Updates with market close)\--With assistance from Garfield Reynolds and Ishika Mookerjee.To contact the reporters on this story: Jackie Edwards in Sydney at jedwards160@bloomberg.net;Abhishek Vishnoi in Singapore at avishnoi4@bloomberg.netTo contact the editors responsible for this story: Lianting Tu at ltu4@bloomberg.net, Tim Smith, Michael PattersonFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

    • Australian Stocks Gain Most Since 2016 After Nearing Bear Market
      Bloomberg

      Australian Stocks Gain Most Since 2016 After Nearing Bear Market

      (Bloomberg) -- The S&P/ASX 200 index erased an early loss and surged out of bear market territory amid hopes for government measures that will offset the economic impact of the spreading coronavirus.Australia’s benchmark index rose 3.1% to close at 5,939.6, its largest gain since Nov. 2016, after having earlier declined as much as 3.9%. The market flirted with a bear run, briefly falling more than 20% from its Feb. 20 record amid growing concerns over the virus and a sharp plunge in oil prices.The S&P/ASX 200 index followed U.S. stock futures higher after President Donald Trump promised “very substantial relief” for the economy as the coronavirus spreads. Contracts on the S&P 500 E-mini futures erased earlier losses as Trump said he’s considering payroll-tax cuts.Australia’s government is also finalizing a fiscal package aimed at keeping companies in business and protecting jobs, as the outbreak hits an economy already reeling from a prolonged drought and a brutal summer of wildfires.“Australia is on the front foot with an imminent announcement of sensible pre-budget stimulus,” said AMP Capital Investors Ltd. portfolio manager Dermot Ryan. “It’s always better to move early and keep economic momentum.”Expect erratic swings in the market amid heightened volatility and lower liquidity, said Eleanor Creagh, a strategist at Saxo Capital Markets.“Bear markets witness some of the fiercest upside rallies,” she said. “To have real confidence in buying into any relief rally, volatility needs to reset meaningfully lower -- that sentiment is flowing through to the Aussie market.”A price war for oil sent energy stocks tumbling on Monday, pushing the S&P/ASX 200 to its biggest one-day retreat since 2008. Energy shares were among the biggest gainers Tuesday, helping to offset sharp declines on Monday. Viva Energy Group Ltd. was the top performer on the benchmark with a 14% jump, while Cooper Energy Ltd. closed 12% higher.The nation’s big-four banks also soared on Tuesday. Westpac Banking Corp., National Australia Bank Ltd., Australia & New Zealand Banking Group Ltd. and Commonwealth Bank of Australia all posted their biggest advances since Prime Minister Scott Morrison’s shock election win last year.(Updates with charts, market close)To contact the reporter on this story: Jackie Edwards in Sydney at jedwards160@bloomberg.netTo contact the editors responsible for this story: Lianting Tu at ltu4@bloomberg.net, Tim Smith, Kurt SchusslerFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

    • Moody's

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    • Australian Economy Headed for Recession: Bloomberg Economics
      Bloomberg

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    • Reuters

      Australian financial regulators in emergency meeting to discuss coronavirus impact -source

      Australia's financial regulators will discuss the impact of a new coronavirus outbreak on Australia's A$2 trillion ($1.3 trillion) economy in an emergency meeting on Monday, a source familiar with the matter told Reuters. The Reserve Bank of Australia (RBA) will meet on Tuesday for its monthly rate review. A Reuters poll last week found few analysts expected a cut from a record low 0.75%, but the sheer scale of market losses around the globe prompted financial futures to now imply a 96% chance of a move compared with just 18% last week.

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      Liberty Series 2020-1 Auto -- Moody's assigns definitive ratings to Liberty's first auto ABS transaction for 2020

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      Interstar Millennium Series 2005-1G Trust -- Moody's upgrades two Interstar Millennium Series RMBS

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    • Reuters

      Australia could intervene to unwind Visa, Mastercard preferential payment structure

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    • Thomson Reuters StreetEvents

      Edited Transcript of NAB.AX earnings conference call or presentation 6-Nov-19 11:30pm GMT

      Full Year 2019 National Australia Bank Ltd Earnings Presentation

    • Moody's

      Liberty Series 2020-1 Auto -- Moody's assigns provisional ratings to Liberty's first auto ABS transaction for 2020

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    • Know This Before Buying National Australia Bank Limited (ASX:NAB) For Its Dividend
      Simply Wall St.

      Know This Before Buying National Australia Bank Limited (ASX:NAB) For Its Dividend

      Could National Australia Bank Limited (ASX:NAB) be an attractive dividend share to own for the long haul? Investors...

    • Thomson Reuters StreetEvents

      Edited Transcript of NAB.AX earnings conference call or presentation 2-May-19 12:30am GMT

      Half Year 2019 National Australia Bank Ltd Earnings Call

    • Reuters

      REFILE-Bad to worse: pain not over for Australia's beleaguered banks

      Australia's biggest lenders are bracing for another year of pain as the fallout from a string of scandals shows no sign of letting up following a blistering public inquiry into financial sector misconduct. "The Royal Commission didn't mark the end of their problems," said Sean Sequeira, chief investment officer at Australian Eagle Asset Management, referring to the government-led inquiry into wrongdoings in the industry. This week, National Australia Bank executives endured a six-hour annual general meeting as investors grilled management a day after regulators filed a lawsuit against the bank over fee charges.

    • Moody's

      National Australia Bank, New York Branch -- Moody's affirms NAB's ratings; outlook stable

      Moody's Investors Service ("Moody's") has today affirmed Aa3 long-term issuer and the Aa3 senior unsecured debt ratings of National Australia Bank Limited ("NAB"). For provisional ratings, this announcement provides certain regulatory disclosures in relation to the provisional rating assigned, and in relation to a definitive rating that may be assigned subsequent to the final issuance of the debt, in each case where the transaction structure and terms have not changed prior to the assignment of the definitive rating in a manner that would have affected the rating.

    • Moody's

      Flexi ABS Trust 2019-2 -- Moody's assigns definitive ratings to Australian consumer ABS issued by flexigroup

      Moody's Investors Service has assigned definitive ratings to the notes issued by Perpetual Corporate Trust Limited in its capacity as the trustee of the Flexi ABS Trust 2019-2. Please see the Rating Methodologies page on www.moodys.com for a copy of this methodology.

    • Moody's

      National RMBS Trust 2018-1 -- Moody's upgrades one class of notes from National RMBS Trust 2018-1

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