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National Australia Bank Limited

( ASX:NAB ) - ASX200 Banks

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NAB – Morgans rates the stock as Hold

National Bank's quarterly update highlighted some positive themes, the broker notes, continuing on from Commonwealth Bank's ((CBA)) result earlier in the week. Net interest margin increased slightly on mortgage repricing, although the broker sees offsetting actions required ahead to counter a lower cash rate. Asset quality is sound and capital has increased.

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