|Bid||29.45 x 38000|
|Ask||29.53 x 100000|
|Day's Range||29.28 - 29.56|
|52 Week Range||28.01 - 34.09|
|PE Ratio (TTM)||15.61|
|Earnings Date||May 3, 2018|
|Forward Dividend & Yield||1.50 (6.61%)|
|1y Target Est||32.54|
Moody's Investors Service says the market for "green" residential mortgage backed securities (RMBS) in Australia will likely deepen following the recent issuance of the first such deal in Australia ...
Asian shares started Monday higher as confidence in equities continued to return, with some markets in the region reopening after the Lunar New Year holiday.
Australia’s largest banks have stepped up screenings of mortgage loan applications amid a powerful government-backed inquiry into the nation's lenders and their sales practices, potentially hurting revenues from their most lucrative products. National Australia Bank communicated on Friday to mortgage brokers its stricter conditions to assess mortgage applications, according to emails seen by Reuters, becoming the latest of Australia's 'Big Four' banks to do so. Westpac Banking Corp, Australia and New Zealand Banking Group, and Macquarie Group have also communicated to brokers in recent weeks changes in the way loans are assessed and approved, according to the emails reviewed by Reuters.
Moody's Investors Service has assigned the definitive long-term ratings below to the notes issued by Perpetual Trustee Company Limited as trustee of the National RMBS Trust 2018-1. "IMPORTANT NOTICE: ...
Australia has given its financial regulator sweeping powers to cap bank bosses' pays, delay their bonuses and even ban them from the industry if found guilty of non-compliance, as it scrambles to restore trust in the scandal-hit sector. The move, plans for which were first announced in May 2017, underscores the immense pressure on the government to rein in a sector that in recent years has faced accusations of withholding legitimate health insurance payouts, giving misleading financial advice and rigging interest rates. The series of scandals has cost Australian banks, among the most profitable in the world, hundreds of millions of dollars in fines and triggered a royal commission - an inquiry with the power to recommend criminal charges that starts next week.
Australia has given its financial regulator sweeping powers to cap bank bosses' pays, delay their bonuses and even ban them from the industry if found guilty of non-compliance, as it scrambles to restore trust in the scandal-hit sector. The series of scandals has cost Australian banks, among the most profitable in the world, hundreds of millions of dollars in fines and triggered a royal commission - an inquiry with the power to recommend criminal charges that starts next week.
Retail giant Wesfarmers Ltd (WES.AX) wrote off British hardware chain Homebase for more than its purchase price, saying on Monday it had made a series of mistakes that serve as another cautionary tale for Australian firms expanding overseas. Wesfarmer's write-off of Homebase, which it bought for A$705 million two years ago, accounted for almost all the A$1.3 billion (£708 million) of impairment charges it announced on Monday, triggering the steepest daily drop in its stock in just over a year. Managing Director Rob Scott said Australia's largest retailer by revenue had made several "self-induced" blunders after buying Homebase, including dropping popular lines for kitchens and bathrooms and underestimating winter demand for a range of items from heaters to cleaning and storage.
The company, which made its London debut after it was spun off by National Australia Bank (NAB.AX), said it continued to expect mid-single digit growth in balances for the year. CYBG said new lending to small and medium-sized businesses (SME) rose 1.4 percent to 567 million pounds ($795 million) in the three months ended Dec. 31. CYBG is one of Britain's challenger banks that emerged after the financial crisis to fill a gap in small business lending and capitalise on problems at the big banks.
Moody's Investors Service, ("Moody's") has affirmed the Aa3 ratings of National Australia Bank Limited's (NAB) Callable CMS Spread Range Accrual Notes, series 845 and series 846. The notes have ...
Rating Action: Moody's assigns provisional ratings to NAB's first RMBS transaction for 2018. Global Credit Research- 11 Jan 2018. National RMBS Trust 2018-1-- AUD747.75 million of debt securities rated....
National Australia Bank Limited (ASX:NAB) saw significant share price volatility over the past couple of months on the ASX, rising to the highs of A$32.88 and falling to the lowsRead More...
Categories: ETFs Yahoo FinanceClick here to see latest analysis ETFs with exposure to National Australia Bank Ltd. Here are 5 ETFs with the largest exposure to NAB-AU. Comparing the performance and risk of National Australia Bank Ltd. with the ETFs that have exposure to it gives us some ETF choices that could give us similar returns with lower ... Read more (Read more...)
Announcement: Moody's publishes Q2 2017 Australian covered bond performance overviews. Global Credit Research- 08 Dec 2017. Sydney, December 08, 2017-- Moody's Investors Service has published Q2 2017 performance ...
Rating Action: Moody's assigns definitive ratings to Liberty's first auto ABS transaction for 2017. Global Credit Research- 05 Dec 2017. Liberty Series 2017-1 Auto- AUD 297.00 million equivalent of debt ...
For investors with a long-term horizon, assessing earnings trend over time and against industry benchmarks is more valuable than looking at a single earnings announcement in one point in time.Read More...
The Australian government said on Thursday it will hold a wide-ranging inquiry into a scandal-hit finance sector, arguing one was needed to restore public confidence as it reversed its long-held opposition amid mounting political pressure. The year-long Royal Commission, which will look at the conduct of banks, pension funds, insurers and other financial services firms, will have the power to compel witnesses and recommend criminal charges. It has the potential to be far more embarrassing for the industry than the regular parliamentary questioning of bank CEOs that Prime Minister Malcolm Turnbull has instigated in response to public outrage over scandals ranging from misleading financial advice to breaches of anti-money laundering rules.
Australia's major banks on Thursday took the highly unusual step of calling for an inquiry into the financial system as a way to head off pressure for a powerful parliamentary commission into the scandal-hit sector. The call was made in a joint letter sent by the heads of Westpac Banking Corp (WBC.AX), Commonwealth Bank (CBA.AX), National Australia Bank (NAB.AX) and Australia and New Zealand Banking Group (ANZ.AX) to Treasurer Scott Morrison. "We now ask you and your government to act to ensure a properly constituted inquiry into the financial services sector is established to put an end to the uncertainty and restore trust, respect and confidence," the letter read.
Rating Action: Moody's assigns provisional ratings to Liberty's first auto ABS transaction for 2017. Global Credit Research- 28 Nov 2017. Liberty Series 2017-1 Auto- AUD 297.00 million equivalent of debt ...
OCBC Wing Hang Bank Limited, a wholly-owned subsidiary of OCBC, has completed the acquisition of National Australia Bank’s (NAB) Private Wealth business in Hong Kong on November 24, according to a filing at the SGX. OCBC entered into an agreement to acquire NAB’s business in Singapore and Hong Kong last May.
National Australia Bank is one of the top dividend stocks I think are worth considering today. Dividend stocks are a great way to hedge your portfolio as they provide bothRead More...
Categories: Yahoo FinanceGet free summary analysis National Australia Bank Ltd. reports financial results for the half-year ended September 30, 2017. We analyze the earnings along side the following peers of National Australia Bank Ltd. – Westpac Banking Corporation, Australia and New Zealand Banking Group Limited and Bank of Queensland Limited (WBC-AU, ANZ-AU and BOQ-AU) that have also ... Read more (Read more...)
Categories: Yahoo FinanceGet free summary analysis National Australia Bank Ltd. reports financial results for the year ended September 30, 2017. We analyze the earnings along side the following peers of National Australia Bank Ltd. – Westpac Banking Corporation, Australia and New Zealand Banking Group Limited and Bank of Queensland Limited (WBC-AU, ANZ-AU and BOQ-AU) that have also ... Read more (Read more...)
Rebel government lawmakers in Australia vowed on Monday to force a powerful inquiry into the country's scandal-hit banking sector, further turmoil for Prime Minister Malcolm Turnbull as he languishes in the polls amid a citizenship crisis. The threatened move is a major embarrassment for Turnbull, who has already rejected public and opposition calls for such an inquiry, and an unpalatable prospect for the country's Big Four banks who hold a combined A$3.6 trillion (2.06 trillion pounds) in assets. "It's time for these people to have their day in court," government Senator Barry O'Sullivan, a member of the junior coalition partner, the National Party, told Australian Broadcasting Corporation Radio.