05/06/2025 09:39

National Australia Bank (NAB) $38.60

NAB and the 5th banking pillar Macquarie look very similar from a charting perspective, i.e. new highs look on the cards, but they’ve been clear laggards this year. We rate NAB our least preferred in the sector simply because the other banks are now going harder at business and institutional banking, which has traditionally been NABs key differentiator.

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22/05/2025 09:26

National Australia Bank (NAB) $37.64

NAB experienced the sharpest correction amongst the “Big Four” traditional banks following Liberation day, demonstrating its relatively high Beta amongst its peers. NAB’s 1H FY25 result was broadly in line with estimates aided by a lower-than-expected credit impairment charge. 

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08/05/2025 09:18

National Australia Bank (NAB) or Westpac Bank (WBC)?

Two of the “Big Four” banks have come out with very different results this week.

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07/05/2025 17:01

National Australia Bank (NAB) $35.87

NAB +1.61%: NAB's 1H FY25 result was broadly in line with estimates across the board, beating consensus net profit after tax (NPAT) by 2.9%, driven primarily by a lower-than-expected credit impairment charge.

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15/04/2025 09:39

National Australia Bank (NAB) $33.55

At this point, we believe NAB is the lowest quality of the major ASX banks, and its more than 25% correction in recent weeks illustrates that the market agrees.

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20/02/2025 09:28

National Australia Bank (NAB) $36.30

NAB was clobbered over 8% on Wednesday on what appeared only to be a slight miss at their quarterly trading update, but as we’ve touched on earlier, that’s not good enough when the stock price is up over 60% in just 18 months.

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19/02/2025 17:12

National Australia Bank (NAB) $36.30

NAB –8.12%: Hit hard today on what looked to be a slight miss at their quarterly trading update;  

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07/11/2024 16:57

National Australia Bank (NAB) $39.33

NAB +0.20% reported FY24 results this morning which were largely in line with consensus estimates.

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07/08/2024 09:32

National Australia Bank (NAB) $35.05

On Monday, we sold NAB from our Income & Growth portfolios to 1. To mildly increase cash/flexibility given the big change in the macro backdrop & 2. To ultimately rejig our banking exposure away from NAB after its ~30% rally this year.

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05/08/2024 09:37

Growth & Income Portfolio Amendment

We have turned neutral the broader market and would like to have more cash in portfolios at this juncture. NAB has outperformed the broader sector, yet, we believe it has increasing headwinds as competition increases in business banking.

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