Analysis of NAB, Westpac, Lyft
Fund Manager Chris Pedersen discusses National Australia Bank, Westpac Banking Corporation and Lyft.
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National Australia Bank Limited
National Australia Bank is one of the four largest financial institutions in Australia in terms of market capitalisation, earnings and customers. NAB was ranked 21st largest bank in the world measured by market capitalisation and 52nd largest bank in the world as measured by total assets in 2019
For almost 160 years, we’ve been helping our customers with their money. Today, we have more than 30,000 people serving 9,000,000 customers at more than 900 locations in Australia, New Zealand and around the world.
As Australia’s largest business bank, we work with small, medium and large businesses. We’re there from the beginning to support them through every stage of the business lifecycle.
NAB fund some of the most important infrastructure in our communities – including schools, hospitals and roads. And we do it in a way that’s responsible, inclusive and innovative.
NAB know that to be Australia’s leading bank, trusted by customers for exceptional service, we need to be good with money. And we need to be just as good with people, too.
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Analysis of NAB, Westpac, Lyft
Fund Manager Chris Pedersen discusses National Australia Bank, Westpac Banking Corporation and Lyft.
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News
NAB reports steady results
As forecast by most analysts, it was a "steady as she goes" outcome for the National Australia Bank's (ASX:NAB) 2023-24 half-year, with shareholders to receive a small lift in their interim payout and a larger buyback, despite a well-anticipated dip in earnings.
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Analysing the impact of weak business earnings on Australian banks
Will weak business earnings curb the results of the National Australia Bank (ASX:NAB) this week by adding to the existing pressure on its key measure, the net interest margin (NIM)?
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NAB faces decline in earnings as CEO set to retire
The National Australia Bank (ASX:NAB) is bracing for a less profitable departure for its CEO, Ross McEwan, as the bank experiences an unexpected 17% decline in cash earnings during the three months leading up to December.
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Analyst Views
NAB – UBS rates the stock as Neutral
The broker's rating falls to Neutral from Buy, after a strong recent share price rally. The target price rises to $35 from $33.
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NAB – Morgans rates the stock as Hold
National Australia Bank is now Morgans preferred big four bank exposure and the target price rises to $34 from $30.50. Hold.
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NAB – Macquarie rates the stock as Outperform
The Outperform rating and $32.50 target for National Australia Bank are maintained.
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NAB – UBS rates the stock as Buy
The broker likes National Australia with its potential for strong volume growth. The Buy rating and $30.50 target are unchanged.
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NAB – Credit Suisse rates the stock as Neutral
Credit Suisse downgrades to Neutral from Outperform, noting the stock has rallied 5% over the reporting season and is up 64% on a rolling year basis. Target is steady at $28.50.
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