NAB delivered a solid quarterly update earlier in the month which included a surprise $1.5bn buyback demonstrating confidence in its forward outlook and a strong balance sheet. The company did experience lower NIM’s but its on track to meet FY guidance which we believe justifies our bullish outlook for the bank, around current levels its arguably our preferred bank.
- We already own NAB in both of our Flagship Growth Portfolio and Active Income Portfolio
MM is long and bullish NAB
Add To Hit List
