18/02/2026 17:01

National Australia Bank (NAB) $47.14

NAB +3.97%: A solid 1Q trading update, with cash earnings lifting meaningfully versus the 2H25 run-rate, supported by underlying profit growth, stable margins and lower impairment charges.  

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12/02/2026 09:46

National Australia Bank (NAB) $45.49

Similar to Westpac, NAB doesn’t report and pay its next dividend until May but it is due to give the market  a quarterly update next week. Yesterday the stock advanced +3.4%, making new all-time highs in the process. It’s the 3rd best performing ASX bank over the last year with its forecast 3.9% fully franked yield, well below that of ANZ at 4.6%.

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06/11/2025 17:41

National Australia Bank (NAB) $43.06

NAB -3.3 %: The FY25 result landed largely in line with expectations as the Big Four member posted second-half cash earnings of $7.09 billion vs expected $7.2bn, narrowly missing consensus by 2% as growth in business and personal banking was offset by higher expenses and impairment charges.

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04/11/2025 09:24

National Australia Bank (NAB) $44.01

NAB is set to report on Thursday and trade ex-dividend next week, yielding ~3.9% over the next 12-months. All things being equal, NAB is ok value trading on 19x, similar to WBC, which reported solidly yesterday, but we see no reason to consider switching from WBC at this stage. Assuming (a scary word before reports) NABs result is broadly in line with expectations can see the bank trading between $42 and $45 into Christmas.

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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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