|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||9.15 - 9.29|
|52 Week Range||7.84 - 10.54|
|Beta (3Y Monthly)||0.51|
|PE Ratio (TTM)||12.90|
|Forward Dividend & Yield||0.58 (5.92%)|
|1y Target Est||9.34|
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of National Australia Bank Limited and other ratings that are associated with the same analytical unit. "IMPORTANT NOTICE: MOODY'S RATINGS AND PUBLICATIONS ARE NOT INTENDED FOR USE BY RETAIL INVESTORS. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
(Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. The yuan plunged beyond 7 per dollar for the first time since 2008 amid speculation Beijing was allowing currency depreciation to counter President Donald Trump’s latest tariff threat.The exchange rate tumbled 1.3% to 7.0344 a dollar at 4:45 p.m. local time after the People’s Bank of China set its daily reference rate at a weaker level than 6.9 for the first time since December. The offshore yuan sank as much as 1.9% to a record low, while the Shanghai Composite Index closed 1.6% lower.The yuan declined 0.9% in mainland trading last week, its biggest loss since mid-May, after President Donald Trump abruptly escalated the trade war with new tariffs on Chinese goods. Beijing pledged to respond if the U.S. goes ahead with a plan to impose a 10% tariff on a further $300 billion in Chinese imports.“It appears that the tariffs hike suggests the return of tit-for-tat moves and a suspension of trade talks, and the PBOC sees no need to keep the yuan stable in the near term,” said Ken Cheung, a senior currency strategist at Mizuho Bank Ltd.The tumble exacerbated losses in Asia’s financial markets. The MSCI Asia Pacific Index dropped 2%, while the MSCI Hong Kong Index slid for a ninth day as protesters moved to shut down the city with a general strike.“Now that 7.0 has been broken both onshore and offshore, it may be deemed to be part of the response to the new tariffs,” said Christy Tan, head of markets strategy at National Australia Bank Ltd. in Singapore. "The authorities may only step in to manage if it gets disorderly, such as a sustained spike in volatility, herd behavior across spot, forward, option trading and so on.”To contact the reporter on this story: Tian Chen in Hong Kong at email@example.comTo contact the editors responsible for this story: Richard Frost at firstname.lastname@example.org, Michael Patterson, Sofia Horta e CostaFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
(Bloomberg Opinion) -- If you want an unequivocal example of how Brexit has hurt the British taxpayer, look at Royal Bank of Scotland Group Plc.Since its record-breaking bail-out in the financial crisis, the Scottish lender has struggled to get back on its feet. It tried shrinking its trading businesses, shedding assets and eliminating costs – only to be stymied by a string of expensive legal settlements over past misdeeds, from benchmark-rigging to the marketing of toxic mortgage-backed securities.Its path to recovery has now become more tortuous as the uncertainty over Britain’s departure from the European Union weigh on the economy. If taxpayers were hoping to recover some of the tens of billions of pounds they sunk into RBS in its unprecedented crisis-era rescue, Brexit is making that goal significantly harder to reach.On Friday, RBS admitted that a squeeze on margins and a slowing domestic economy mean it will be unlikely to post a return on equity of more than 12% in 2020 or be able to reduce its cost-income ratio to below 50%. Those targets were downgraded to medium-term goals, to be met in an unspecified timeframe.The stock, down 18% since the vote to leave in June 2016, was the biggest faller among European bank stocks on Friday, sliding to as low as 202.7 pence. That’s just roughly half the price the government paid for its shares.It’s not just Brexit that’s the problem: Trade tensions, low interest rates, and fierce competition in the U.K. mortgage market aren’t helping. Nor is the risk that RBS risks being broken up in the event that Jeremy Corbyn’s Labour party takes power.“It’s a particularly tricky time for U.K. companies and especially banks,” Chairman Howard Davies said. Hurting the U.K. lender most has been the investment climate because it's become very difficult for large customers to commit to spending, he added.Asked about the outlook for the U.K. economy, Davies pointed to the Bank of England, which yesterday lowered its growth forecast for this year on the back of slower exports and weak business investment.Meantime, RBS also saw an uptick in impairments, which were higher than what some analysts were expecting, as the firm identified signs of strain among some single borrowers. Rising credit stress, albeit from a historically low base, is another indication of the tougher outlook.There is one small consolation for the U.K. taxpayer. While RBS’s common equity Tier 1 ratio fell to a lower-than-expected 16%, is it still well above the bank’s target of 14%, giving it room to keep returning capital to shareholders. The bank said on Friday it will pay a special dividend.Wherever the Brexit discussions head next, RBS looks to be stuck in an uncomfortable purgatory. At least Chief Executive Officer Ross McEwan, soon to depart for National Australia Bank Ltd., has an escape route. British taxpayers don’t enjoy the same luxury.To contact the author of this story: Elisa Martinuzzi at email@example.comTo contact the editor responsible for this story: Edward Evans at firstname.lastname@example.orgThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Elisa Martinuzzi is a Bloomberg Opinion columnist covering finance. She is a former managing editor for European finance at Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
Moody's Investors Service ("Moody's") has assigned ratings to American Airlines Inc.'s Pass Through Certificates, Series 2019-1 that the company announced earlier today: $578.712 million Class AA with a legal final maturity date of August 15, 2033 at Aa3, $289.358 million Class A with a legal final maturity date of August 15, 2033 at A2 and $228.438 million Class B with a legal final maturity date of August 15, 2029 at Baa3 (together, "the Certificates"). The Corporate Family Rating ("CFR") of American Airlines Group Inc., parent of American Airlines, Inc. (together "American") is Ba3 and is unaffected by this rating action.
Moody's Investors Service ("Moody's") has assigned ratings to British Airways, Plc's new Pass Through Certificates (EETCs), Series 2019-1 to be issued by British Airways Pass Through Trust 2019-1AA and British Airways Pass Through Trust 2019-1A, respectively: $542.971 million Class AA at Aa2 with scheduled final payment date of December 15, 2032 and legal final maturity date of June 15, 2034 and approximately $263.908 million Class A at A3, with scheduled final payment date of June 15, 2029 and legal final maturity of December 15, 2030 (together, the "Certificates"). The Baa3 Long-Term Issuer Rating for British Airways and the positive outlook are unaffected by this rating action.
Moody's Investors Service has assigned definitive ratings to notes issued by Perpetual Corporate Trust Limited, as trustee of Metro Finance 2019-1 Trust. "IMPORTANT NOTICE: MOODY'S RATINGS AND PUBLICATIONS ARE NOT INTENDED FOR USE BY RETAIL INVESTORS.
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Moody's Investors Service has assigned the following definitive rating to the bonds issued by Perpetual Limited (the Trustee) in its capacity as trustee of the SMHL Series Securitisation Fund 2019-1 (the Trust). "IMPORTANT NOTICE: MOODY'S RATINGS AND PUBLICATIONS ARE NOT INTENDED FOR USE BY RETAIL INVESTORS. The transaction is a securitisation of first-ranking mortgage loans secured over residential properties located in Australia.
Moody's Investors Service has assigned provisional ratings to notes to be issued by Perpetual Corporate Trust Limited, as trustee of Metro Finance 2019-1 Trust. "IMPORTANT NOTICE: MOODY'S RATINGS AND PUBLICATIONS ARE NOT INTENDED FOR USE BY RETAIL INVESTORS.
Australia's central bank cut rates to a record low on Tuesday and signalled willingness to go further as a worsening Sino-U.S. trade war raises recession risks for the world economy, pushing policymakers into what could be a global monetary easing cycle. RBA Governor Philip Lowe said the rate cut was designed to support employment growth and lift inflation, which has consistently undershot its 2%-to-3% medium-term target. "It is possible that the current policy settings will be enough – that we just need to be patient.
Moody's Investors Service has upgraded the ratings on three classes of notes and one counterparty instrument rating (CIR) issued by two Interstar Millennium Series residential mortgage backed securities (RMBS). The upgrade of the Class A currency swap CIR in Interstar Millennium Series 2004-2G Trust is prompted by the upgrade of the Class A notes in the transaction.
Moody's Investors Service has upgraded the ratings on the Class A2 and Class A3 notes issued by Interstar Millennium Series 2003-3G Trust. Factors that could lead to a downgrade of the ratings include (1) a performance of the underlying collateral that is worse than Moody's expectations, (2) a decrease in available credit enhancement for the notes, and (3) a deterioration in the credit quality of the transaction counterparties.
TEL-AVIV, Israel, TORONTO and SYDNEY, May 31, 2019 /PRNewswire/ -- As part of an international banking alliance, Bank Leumi of Israel (LUMI.TA), CIBC and National Australia Bank (NAB.AX) today introduced Global Alliance Fintech Link, a global online portal developed to help drive client-focused innovation by facilitating collaboration between the banks and financial technology firms (fintechs). Through the digital platform, fintechs can submit creative technology solutions in response to a wide range of opportunities identified by the banks. Upon receiving the proposals, the banks will consult directly with the technology firms.
We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. The...
About 150 companies have launched a London lawsuit against Britain's Clydesdale Bank and its former owner, National Australia Bank, alleging they were deceived when they took business loans from the bank up to 18 years ago. RGL Management, a company managing the group claim for the small and medium-sized businesses, said on Thursday it expected to add hundreds more claimants to the lawsuit by year-end and recover hundreds of millions of pounds in losses. James Hayward, the CEO of RGL Management, said Clydesdale's conduct towards its customers has been "utterly disgraceful".
The main aim of stock picking is to find the market-beating stocks. But in any portfolio, there will be mixed results between individual stocks. At this point some shareholders may be questioning their investment in National...
Moody's Investors Service (Moody's) has assigned the following definitive ratings to notes issued by Permanent Custodians Limited (the trustee) as trustee of Pepper I-Prime 2019-1 Trust. "IMPORTANT NOTICE: MOODY'S RATINGS AND PUBLICATIONS ARE NOT INTENDED FOR USE BY RETAIL INVESTORS. The transaction is a securitisation of prime residential mortgage loans originated and serviced by Pepper Group Limited (Pepper).
Moody's Investors Service (Moody's) has assigned the following provisional ratings to notes to be issued by Permanent Custodians Limited (the trustee) as trustee of Pepper I-Prime 2019-1 Trust. "IMPORTANT NOTICE: MOODY'S RATINGS AND PUBLICATIONS ARE NOT INTENDED FOR USE BY RETAIL INVESTORS. The transaction is a securitisation of prime residential mortgage loans originated and serviced by Pepper Group Limited (Pepper).
Want to participate in a research study? Help shape the future of investing tools and earn a $60 gift card! Every investor in National Australia Bank Limited (ASX:NAB) should be aware of the most powerful shareholder groups. Ins...
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 2019-1. "IMPORTANT NOTICE: MOODY'S RATINGS AND PUBLICATIONS ARE NOT INTENDED FOR USE BY RETAIL INVESTORS.
Moody's Investors Service has assigned the following definitive rating to the notes issued by Permanent Custodians Limited (the Trustee) as the trustee of Pepper Residential Securities Trust No. 20. "IMPORTANT NOTICE: MOODY'S RATINGS AND PUBLICATIONS ARE NOT INTENDED FOR USE BY RETAIL INVESTORS.