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National Australia Bank Limited (NAB.AX)

ASX - ASX Delayed Price. Currency in AUD
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34.48+0.20 (+0.58%)
As of 01:12PM AEST. Market open.
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Previous Close34.28
Open34.40
Bid34.47 x 373000
Ask34.48 x 50500
Day's Range34.11 - 34.52
52 Week Range25.10 - 35.12
Volume1,401,412
Avg. Volume4,232,626
Market Cap106.686B
Beta (5Y Monthly)N/A
PE Ratio (TTM)15.67
EPS (TTM)2.20
Earnings DateMay 02, 2024
Forward Dividend & Yield1.68 (4.90%)
Ex-Dividend DateMay 07, 2024
1y Target Est30.84
  • Reuters

    Aussie lender NAB reports lower profit but hints bank margin squeeze is easing

    (Reuters) -National Australia Bank posted a double-digit drop in first-half earnings on Thursday but talked up the strength of the economy and said a margin-crunching struggle for the vital home loan market showed signs of easing. The first of Australia's big four banks to front up to investors this reporting season, NAB's results were closely watched for signs that the squeeze on profits from tough mortgage and deposit competition is coming to an end. Cash earnings for the six months ended March 31 fell 13% versus a year earlier to A$3.55 billion ($2.32 billion) as costs for the nation's second-biggest mortgage lender rose and competition tightened margins.

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    In this article, we will look into the 20 biggest financial and banking companies in Australia in 2024. If you want to skip our detailed analysis, you can go directly to the 5 Biggest Financial and Banking Companies in Australia, 2024. Australian Economy and the Financial Sector According to the IMF, Australia boasts a GDP […]