NAB.AX - National Australia Bank Limited

ASX - ASX Delayed Price. Currency in AUD
29.08
+0.32 (+1.11%)
At close: 4:10PM AEST
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Previous Close28.76
Open28.92
Bid0.00 x 0
Ask0.00 x 0
Day's Range28.89 - 29.19
52 Week Range28.01 - 34.09
Volume3,891,355
Avg. Volume4,706,503
Market Cap78.902B
Beta1.20
PE Ratio (TTM)15.38
EPS (TTM)1.89
Earnings DateMay 3, 2018
Forward Dividend & Yield2.83 (9.80%)
Ex-Dividend DateN/A
1y Target Est32.55
  • Reuters5 days ago

    Australia vows crackdown on corporate misconduct as bank inquiry claims AMP scalp

    An Australian inquiry into financial sector misconduct claimed its first scalp on Friday as the CEO of the country's largest wealth manager stepped down over revelations of board-level deception and misappropriation of funds. The departure of AMP Ltd's (AMP.AX) Craig Meller came as the government vowed to double prison terms for financial crimes, dramatically increase penalties and ramp up the investigative powers of the corporate regulator following shocking admissions of misconduct to the Royal Commission inquiry. Not only has the start of the year-long inquiry been a publicity disaster for Australia's major lenders, it has also put the conservative government - which had initially opposed a commission despite years of scandals including rate-rigging and alleged money-laundering - in a tight spot.

  • Moody's5 days ago

    Interstar Millennium Series 2005-3E Trust -- Moody's takes rating actions on two Interstar Millennium Series RMBS

    Moody's Investors Service has taken rating actions on the ratings on four classes of notes and one counterparty instrument rating (CIR) issued by two Interstar Millennium Series residential mortgage backed securities (RMBS). "IMPORTANT NOTICE: MOODY'S RATINGS AND PUBLICATIONS ARE NOT INTENDED FOR USE BY RETAIL INVESTORS.

  • Reuters6 days ago

    Lost home, fees for the dead - Australia banking inquiry hears testimony

    An Australian inquiry into the financial services sector heard tearful testimony on Thursday from a nurse who lost her home after taking advice from a major lender, and that the country's biggest bank knowingly charged dead clients for counsel. The testimony was among the most personal yet at the Royal Commission that has already resulted in startling admissions of bad behaviour by firms. Government data prepared for the inquiry shows over 80,000 consumers have been given bad advice over the past decade, costing them a total A$5 billion (£2.7 billion).

  • National Australia Bank Limited (ASX:NAB): Should The Recent Earnings Drop Worry You?
    Simply Wall St.9 days ago

    National Australia Bank Limited (ASX:NAB): Should The Recent Earnings Drop Worry You?

    After reading National Australia Bank Limited’s (ASX:NAB) latest earnings update (30 September 2017), I found it beneficial to look back at how the company has performed in the past andRead More...

  • Moody's16 days ago

    ESR-MTN Pte Ltd -- Moody's revises ESR-REIT's outlook to stable from negative; affirms Baa3 issuer rating

    Moody's Investors Service has revised ESR-REIT's ratings outlook to stable from negative. Moody's has also affirmed ESR-REIT's Baa3 issuer rating. At the same time, Moody's has affirmed the provisional ...

  • Moody's29 days ago

    Pepper Residential Securities Trust No. 20 -- Moody's assigns definitive ratings to Pepper's first non-conforming and prime RMBS transaction for 2018

    Moody's Investors Service ("Moody's"), has assigned the following definitive ratings to notes issued by Permanent Custodians Limited (Trustee) as trustee of Pepper Residential Securities Trust ...

  • Moody'slast month

    National Australia Bank Limited - Covered Bond Programme -- Moody's assigns definitive Aaa to NAB's Series 30, 31 and 32 mortgage covered bonds

    Moody's Investors Service has today assigned definitive Aaa long-term ratings to the mortgage covered bonds (covered bonds) issued by National Australia Bank Limited (the issuer/NAB, counterparty risk ...

  • Moody'slast month

    National Australia Bank Limited - Covered Bond Programme -- Moody's assigns definitive Aaa to NAB's Series 30, 31 and 32 mortgage covered bonds

    Moody's Investors Service has today assigned definitive Aaa long-term ratings to the mortgage covered bonds (covered bonds) issued by National Australia Bank Limited (the issuer/NAB, counterparty risk ...

  • Reuterslast month

    Australian inquiry hears CBA knew risks but put mortgage 'volume' ahead of customers

    Commonwealth Bank of Australia (CBA.AX) Chief Executive Ian Narev knew that a system of financial incentives to reward mortgage brokers could hurt customers but failed to act, an inquiry into Australia's financial sector heard on Thursday. A confidential letter penned by Narev in 2017 and disclosed on the third day of the financial sector Royal Commission criticised the practice of paying brokers more for bigger loans, an incentive still widely in place including at CBA.

  • Reuterslast month

    Australian inquiry hears CBA knew risks but put mortgage 'volume' ahead of customers

    Commonwealth Bank of Australia Chief Executive Ian Narev knew that a system of financial incentives to reward mortgage brokers could hurt customers but failed to act, an inquiry into Australia's financial sector heard on Thursday. A confidential letter penned by Narev in 2017 and disclosed on the third day of the financial sector Royal Commission criticised the practice of paying brokers more for bigger loans, an incentive still widely in place including at CBA.

  • Moody'slast month

    Moody's assigns provisional ratings to Pepper's first non-conforming and prime RMBS transaction for 2018

    Moody's Investors Service ("Moody's"), has assigned the following provisional ratings to notes to be issued by Permanent Custodians Limited (Trustee) as trustee of Pepper Residential Securities ...

  • Reuterslast month

    Australia's NAB says incentives 'root cause' of fraud

    National Australia Bank Ltd's (NAB.AX) system of bonuses and incentives encouraged bankers to engage in fraudulent lending practices to boost their incomes, NAB told a powerful judicial inquiry into the scandal-ridden sector on Wednesday. Scrutiny of the bank's various incentive schemes dominated the second day at the Royal Commission in Melbourne, where the country's fourth-biggest bank conceded falsified mortgage documents were used to help people collect bonuses and commissions and beat sales targets. Under questioning, senior NAB executive Anthony Waldron said the structures were "certainly one of the root causes".

  • Reuterslast month

    Australia's NAB says incentives 'root cause' of fraud

    National Australia Bank Ltd's system of bonuses and incentives encouraged bankers to engage in fraudulent lending practices to boost their incomes, NAB told a powerful judicial inquiry into the scandal-ridden sector on Wednesday. Scrutiny of the bank's various incentive schemes dominated the second day at the Royal Commission in Melbourne, where the country's fourth-biggest bank conceded falsified mortgage documents were used to help people collect bonuses and commissions and beat sales targets. Under questioning, senior NAB executive Anthony Waldron said the structures were "certainly one of the root causes".

  • Reuterslast month

    NAB under fire as Australian banking inquiry opens

    The first day of a powerful judicial inquiry into Australia's scandal-ridden banking sector on Tuesday heard National Australia Bank Ltd (NAB.AX) issued almost $19 billion in home loans under a scheme involving falsified documents. It was the first bombshell of what promises to be an explosive year-long inquiry into the financial sector and especially the "Big Four" banks, which dominate the country's A$1.7 trillion (978.49 billion pounds) mortgage market. Rowena Orr, a barrister assisting the Royal Commission inquiry in Melbourne, said NAB had derived more than A$24 billion ($18.9 billion) in home loans from the scheme between 2013 and 2016, when the misconduct took place.

  • Reuterslast month

    NAB under fire as Australian banking inquiry opens

    The first day of a powerful judicial inquiry into Australia's scandal-ridden banking sector on Tuesday heard National Australia Bank Ltd issued almost $19 billion in home loans under a scheme involving falsified documents. It was the first bombshell of what promises to be an explosive year-long inquiry into the financial sector and especially the "Big Four" banks, which dominate the country's A$1.7 trillion ($1.36 trillion) mortgage market. Rowena Orr, a barrister assisting the Royal Commission inquiry in Melbourne, said NAB had derived more than A$24 billion ($18.9 billion) in home loans from the scheme between 2013 and 2016, when the misconduct took place.

  • Reuterslast month

    Australian probe of bank-sector misconduct begins with focus on home loans

    An Australian government-backed inquiry into misconduct by the country's major banks is scheduled to begin its first round of public hearings on Tuesday, focusing on residential mortgages, car finance, credit cards and add-on insurance products. The long-awaited Royal Commission follows years of scandals in Australia's financial sector including poor financial advice, interest-rate rigging, and accusations of breaking money-laundering rules.

  • Reuters2 months ago

    RBNZ leans towards ramped up capital reporting requirements for banks - deputy governor

    The Reserve Bank of New Zealand (RBNZ) said on Wednesday it was considering ramping up reporting requirements to make major Australian-owned banks' capital ratios more transparent. Deputy Governor Geoff Bascand told the country's banking association in a speech that the RBNZ, which acts as the banking regulator, thought transparency could improve as it reviews banks' capital requirements. "Even for the Reserve Bank, which has access to banks' modelling documentation and regularly meets with the big-4 banks' modelling teams, it is sometimes unclear how risk-weights have been arrived at," Bascand said.

  • Reuters2 months ago

    Australia's CBA disputes regulator's new rate-manipulation allegations

    Australia's biggest bank by market capitalisation added that it is reviewing details of the allegations lodged by the Australian Securities and Investments Commission against it that increase the number of occasions on which CBA is accused of trying to rig the bank bill swap reference rate (BBSW) in 2012 to six from three. The BBSW is the primary interest rate benchmark used in Australian financial markets to price home loans, credit cards and other financial products.

  • Moody's2 months ago

    Moody's publishes February edition of 'Structured Thinking: Asia Pacific' newsletter

    Moody's Investors Service has released the February edition of its 'Structured Thinking: Asia Pacific' newsletter, which covers key developments in structured finance markets in Australia, China, India, ...

  • Moody's2 months ago

    Moody's: First Australian "green" RMBS transaction likely to lead to further issuance and tighter pricing

    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 ...

  • MarketWatch2 months ago

    Asian markets continue to push higher: ‘It’s kind of a relief rally’

    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.