Belligerent Shareholders Strike Out At Banks
Now for the AMP next May after three of the four big banks took hits from upset shareholders at annual meetings in November and December.
Read MoreTag: NAB
Kiwi Central Bank Set Force Big Four Banks To Boost Capital Reserves
Australia’s big four banks, already reeling from a stagnant home loan market and revenues, the fallout from the Hayne Royal Commission and censure from upset shareholders, now face more financial problems in their most profitable offshore market – New Zealand.
Read MoreNAB, ANZ Set To Face Shareholder Revolt
Westpac was on Wednesday, it will be the turn of NAB and ANZ next Wednesday to feel the wrath of shareholder displease over the revelations at the Hayne royal commission.
Read MoreAPRA Eyes Higher Bank Capital Requirements
More hybrids and other issues to come from our slimming banks? That could be the outcome of a new move by APRA, the banking regulator to force banks to hold more loss-absorbing capital by 2023.
Read MoreWhat’s Next For The Big Four Banks?
The big four banks have survived a tough year financially unscathed, but with their reputations sullied what does 2019 look like?
Read MoreNAB Profit Slips 14%, Dividend Steady
A 14% slump in cash net profit, to $5.702 billion in the year to September has not stopped the National Australia Bank from maintaining final and full year dividends.
Read MoreNAB – Macquarie rates the stock as Outperform
NAB has confirmed the customer rebate charge of $314 flagged at the quarterly update and warned there could be further costs in FY19.
Read MoreNAB Adds To Royal Commission Damage Bill
The National Australia Bank has joined the chorus line of banks revealing extra costs from the Hayne royal commission’s proceedings this year for customer refunds.
Read MoreAnalysts Raise Royal Commission Damage Bill
Banking analysts at Morgan Stanley have lifted their estimate for customer remediation costs for the banks to $3 billion over the next two years, up from an earlier forecast of just $500 million.
Read More“Customer Focus” Sees NAB Reshape Exec Remuneration
On Monday there was a significant restructuring of upper-level National Australia Bank managers, on Wednesday, the bank revealed an equally important revamp of pay and rewards for the new look management team.
Read MoreNAB Reshuffle Paves Way For Former NSW Premier
So has former NSW Premier, Mike Baird moved into the running for the top job at the National Australia Bank – 21 months after surprisingly pulling the plug on being the leader of NSW?
Read MoreNAB – Morgan Stanley rates the stock as Underweight
National Australia Bank will leave its standard variable home loan unchanged at 5.24%. Morgan Stanley believes the decision suggests scrutiny of conduct and competition is affecting management’s decision-making and will weigh on profitability and the performance of the share price.
Read MoreInvestors Unconvinced On NAB’s Home Loans Rates Strategy
NAB shareholders remain cautious to the news that the bank will not follow rivals in hiking its home loan interest rates in the wake of moves by Westpac, the Commonwealth, and ANZ.
Read MoreCompliance Costs Bite As NAB Provides Mixed Q3 Update
Investors noted the mixed nature of the third quarter trading update from the National Australia Bank and sent the shares up 1.5% to $28.37 around midday, ignoring all the poor publicity from the royal commission.
Read MoreNAB Confirms MLC Sale As H1 Profit Dips
National Australia Bank hit the mark so far as interim earnings and dividend are concerned, but is selling its MLC wealth management arm.
Read MoreNAB Flags $755m Of Restructuring Costs
Three major banks – the ANZ, NAB and Westpac – report their 2017-18 interims from May 1 (today week).
Read MoreNAB – Morgan Stanley rates as Underweight
Upon further analysis, Morgan Stanley believes management can deliver on its cost targets while keeping loan loss rates below peers in Australia. However, the analysts also see earnings risks and this leads to the conclusion that "too much optimism" is surrounding the share price.
Read MoreExpenses Bite NAB Earnings
National Australia Bank said its first-quarter cash profit rose 3% from a year ago to $1.65 billion.
Read MoreNAB Profit Edges Up 2.5%, Dividend Unchanged
The National Australia Bank will pay an unchanged final dividend of 99 cents a share after meeting market expectations with a cash profit of $6.642 billion for the year to September 30.
Read MoreNAB Next Bank To Report Earnings
The National Australia Bank joins the reporting list of the big banks this Thursday and investors will be looking for a repeat of the ANZ’s sold result, with help, like the ANZ, from a sharp fall in bad debt provisions.
Read MoreNAB – UBS rates the stock as Sell
The bank’s third quarter trading update reveal cash net profit of $1.7bn. The bank is tracking in line with expectations to date. UBS suspects mortgage re-pricing is likely to fully offset the impact of the bank levy.
Read MoreRate Hikes Help NAB Lift Q3 Profit To $1.7bn
Like the Commonwealth Bank, the National Australia Bank will see stronger revenue gains in the next few months from mortgage rate increases that hit at the end of the June quarter, falling loan impairments and no trouble raising the fresh capital demanded by regulators.
Read MoreNAB – Citi rates the stock as Sell
The sector landscape is changing, and not for the better. Citi analysts see a domestic banking sector that is managing costs well but is feeling the pinch from multiple sides.
Read MoreNAB Posts $3.29b Interim Profit, Dividend Unchanged
The National Australia Bank has left dividend steady at 99 cents after a modest 2.3 million rise in cash earnings to $3.29 billion for the six months to March 31.
Read MoreInvestors Shrug Off NAB Result
Investors shrugged off yesterday’s first quarter trading update from the National Australia Bank (NAB), giving it the benefit of doubt on a 5% jump in expenses in the three months.
Read MoreNAB Slips In Q1 As Costs Bite
The National Australia Bank (NAB) saw earnings sag slightly in the three months to the end of December, the bank’s first quarter, as a rise in expenses more than offset a small rise in group revenue – a situation that will worry investors and could see the shares sold off later today.
Read MoreNAB Dividend Unchanged, Completes ‘Milestone’ Year
The National Australia Bank (NAB) will pay an unchanged final dividend of 99 cents a share after reporting a forecast 4% rise in cash earnings to $6.48 billion for the year to September.
Read MoreNAB Litmus Test For Bank Investors
The National Australia Bank (NAB) releases its full year figures this Thursday and while the earnings figure will generate headlines, that is not going to be the centre of attention.
Read MoreNAB – UBS rates the stock as Neutral
UBS downgrades earnings per share by 3% to account for the sale of 80% of the life business. The broker believes FY16 will be the seventh year of the last 14 where the bank has delivered negative EPS growth.
Read MoreNAB Q3 Profit Slips 3%, Bad Debts Rise
National Australia Bank (NAB) has joined its peers (Westpac, ANZ and the Commonwealth) in reporting another upsurge in bad debts, this time for the three months to June.
Read MoreASIC Sues NAB For Rate Rigging
The National Australia Bank (NAB), the third of our big four banks, has been accused by ASIC of manipulating the benchmark interbank borrowing rate, joining rivals the ANZ and Westpac (WBC) in the sights of the corporate regulator.
Read MoreNAB Profit Up 6.5%, Dividend Unchanged
The National Australia Bank (NAB) has produced the simplest half year result of the three reporting majors this week – with a modest rise in cash earnings, on a modest rise in group revenue and an unchanged final dividend – all after a modest rise in bad debts.
Read MoreNAB Cash Profit Up 8%
The National Australia Bank (NAB) has continued the trend of solid bank updates that we saw yesterday from the smaller Bendigo and Adelaide (BEN), and from the Commonwealth (CBA) last week, with an 8% rise in unaudited cash profits for the December quarter to around $1.7 billion.
Read MoreNAB Cuts Clydesdale Pricing
The National Australia Bank (NAB) has surprised by cutting the pricing for its Clydesdale Bank initial public offering by around 25%.
Read MoreNAB – Credit Suisse rates the stock as Neutral
Credit Suisse has marked to market earnings for the banks for the quarter, reflecting lower equities, a lower yield curve and depreciation in the Australian dollar.
Read MoreNAB – Deutsche Bank rates the stock as Hold
Domestic economic conditions have softened of late and Deutsche Bank expects a steady increase in bad debt ratios for some of the banks.
Read MoreNAB Making ‘Substantial Progress’ On UK Exit
Bank shares turned higher yesterday thanks to a combination of sellers’ remorse from Friday, a reasonable trading update from the National Australia Bank (NAB) and a solid full year profit for Bendigo and Adelaide Bank (BEN).
Read MoreComparing NAB To ANZ
Following on from ANZ’s trading update last week, NAB reported its June quarter trading update today. NAB reported 9 per cent growth in cash earnings for the quarter to A$1.75 billion. This appeared to comfortably beat ANZ’s cash earnings growth of 4 per cent for the same quarter. However, there were a number of notable quality differences in the period.
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