Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
  1. Homepage
  2. Equities
  3. Australia
  4. Australian Stock Exchange
  5. National Australia Bank Limited
  6. News
  7. Summary
    NAB   AU000000NAB4

NATIONAL AUSTRALIA BANK LIMITED

(NAB)
  Report
Delayed Australian Stock Exchange  -  02:10 2022-09-30 am EDT
28.81 AUD   -1.57%
09/30Sterling bounces to pre-budget levels in volatile trading
RE
09/30Partners Life Limited acquired BNZ Life Insurance Limited from National Australia Bank Limited for approximately NZD 290 million.
CI
09/29Sterling and euro recover; ECB likely to be aggressive after high German CPI
RE
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisionsFunds 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Australian shares inch higher on mining boost; NAB slides

08/08/2022 | 09:25pm EDT

Aug 9 (Reuters) - Australian shares inched higher on Tuesday, helped by gains in mining and energy stocks on the back of firm commodity prices, while National Australia Bank dropped after warning of higher costs.

The S&P/ASX 200 index had risen 0.1% to 7,025.30 by 0035 GMT. The benchmark closed 0.1% higher on Monday.

Elsewhere, Japan's Nikkei fell 0.4% to 28,147.18 and S&P 500 E-minis futures were up 0.2%, with investors weighing mixed messages on inflation and how aggressive the Federal Reserve might be in combating it.

The strong U.S. jobs report out last week raised the stakes for July U.S. consumer prices data due on Wednesday, which could see a further acceleration in inflation.

In Australia, financials dropped 0.9% and were the top decliners, weighed down by a 3.6% fall in National Australia Bank after the country's second-biggest lender warned of higher expenses for a second time in four months. The other three lenders among the "Big Four" lost between 0.1% and 0.9%.

Miners rose 0.5% and were on track for a third straight session of gains, helped by strong iron ore prices. Sector behemoths BHP Group and Rio Tinto advanced 0.6% and 0.4%, respectively, while Fortescue Metals Group inched 0.2% higher.

Energy stocks added 0.2%, tracking a rise in overnight oil prices as positive economic data from China and the United States fed hopes for demand despite nagging fears of a recession.

Oil and gas major Woodside Energy rose 0.4%, while Santos was flat.

Separately, a measure of Australian consumer sentiment fell for a ninth straight month in August to depths last seen early in the pandemic as another hike in interest rates combined with the surging cost of living to sour the national mood.

New Zealand's benchmark S&P/NZX 50 index rose 0.2% to 11,725.44. (Reporting by Upasana Singh; Editing by Subhranshu Sahu)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
AUSTRALIAN DOLLAR / US DOLLAR (AUD/USD) 0.00% 0.6402 Delayed Quote.-10.41%
BHP GROUP LIMITED 0.92% 38.52 Delayed Quote.16.32%
BRITISH POUND / US DOLLAR (GBP/USD) 0.00% 1.116 Delayed Quote.-19.96%
CANADIAN DOLLAR / US DOLLAR (CAD/USD) 0.00% 0.7227 Delayed Quote.-7.30%
EURO / US DOLLAR (EUR/USD) 0.01% 0.9801 Delayed Quote.-13.57%
FORTESCUE METALS GROUP LIMITED 0.24% 16.82 Delayed Quote.-12.65%
INDIAN RUPEE / US DOLLAR (INR/USD) -0.04% 0.01227 Delayed Quote.-8.53%
LONDON BRENT OIL -3.84% 85.29 Delayed Quote.14.15%
NATIONAL AUSTRALIA BANK LIMITED -1.57% 28.81 Delayed Quote.1.49%
NEW ZEALAND DOLLAR / US DOLLAR (NZD/USD) 0.00% 0.5594 Delayed Quote.-16.40%
NIKKEI 225 -1.83% 25937.21 Real-time Quote.-8.23%
S&P/ASX 200 -1.23% 6474.2 Real-time Quote.-11.95%
SANTOS LIMITED 1.00% 7.09 Delayed Quote.11.25%
WOODSIDE ENERGY GROUP LTD -0.09% 31.66 Delayed Quote.44.51%
WTI -2.49% 79.673 Delayed Quote.8.35%
All news about NATIONAL AUSTRALIA BANK LIMITED
09/30Sterling bounces to pre-budget levels in volatile trading
RE
09/30Partners Life Limited acquired BNZ Life Insurance Limited from National Australia Bank ..
CI
09/29Sterling and euro recover; ECB likely to be aggressive after high German CPI
RE
09/29Oil steadies on prospect of OPEC+ output cut, weaker dollar
RE
09/28Australian Shares Retreat on Global Recession Fears Amid Hawkish Central Bank Moves
MT
09/27Australian Shares End Three-Day Losing Streak on Boost from Energy, Miners
MT
09/27Australia's Online Retail Sales Continue to Contract in August, NAB Says
MT
09/26National Australia Bank : NAB Ventures leads $6 million investment in fintech platform Thr..
PU
09/26Thriday announced that it has received $6 million in funding from Lempriere Capital Par..
CI
09/23Grim PMIs knock euro, sterling also pressured by UK mini-budget
RE
More news
Analyst Recommendations on NATIONAL AUSTRALIA BANK LIMITED
More recommendations
Financials
Sales 2022 18 265 M 11 767 M 11 767 M
Net income 2022 6 971 M 4 491 M 4 491 M
Net Debt 2022 - - -
P/E ratio 2022 13,7x
Yield 2022 5,18%
Capitalization 90 650 M 58 401 M 58 401 M
Capi. / Sales 2022 4,96x
Capi. / Sales 2023 4,45x
Nbr of Employees 32 932
Free-Float 97,4%
Chart NATIONAL AUSTRALIA BANK LIMITED
Duration : Period :
National Australia Bank Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends NATIONAL AUSTRALIA BANK LIMITED
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 15
Last Close Price 28,81 AUD
Average target price 31,84 AUD
Spread / Average Target 10,5%
EPS Revisions
Managers and Directors
Ross Maxwell McEwan Group CEO, Managing Director & Director
Gary A. Lennon Group Chief Financial Officer
Philip Wayne Chronican Chairman
Patrick C. Wright Group Executive-Technology & Enterprise Operations
Leslie Durno Matheson Group Chief Operating Officer
Sector and Competitors