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    NAB   AU000000NAB4

NATIONAL AUSTRALIA BANK LIMITED

(NAB)
  Report
Delayed Australian Stock Exchange  -  01:55 2022-09-26 am EDT
29.32 AUD   -0.12%
09/23Grim PMIs knock euro, sterling also pressured by UK mini-budget
RE
09/20Australian Shares Rise as RBA Sees Stronger Case for Slower Cash Rate Hike Pace
MT
09/20Australian Interest Rates Getting Closer to 'Normal Settings,' Says RBA
MT
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Gold, tech stocks lift Australian shares higher; NAB slips (Aug 9)

08/09/2022 | 02:47am EDT

(Corrects paragraph 8 to say NAB is Australia's second-biggest lender, not the biggest)

* ASX closes higher

* NAB slides on higher cost growth

* Australia consumer sentiment falls for the ninth straight month

Aug 9 (Reuters) - Australian shares ended higher on Tuesday led by gold and technology stocks, but National Australia Bank dragged down financials on flagging higher costs, while investors awaited U.S inflation data to gauge the Federal Reserve's policy stance.

The S&P/ASX 200 index ended 0.13% higher at 7029.80, The benchmark closed nearly flat on Monday.

Markets await consumer price data on Wednesday to gauge whether the Fed may shift to dovish stance and provide a better footing for the economy to grow.

Earlier in the day, Australia reported a fall in consumer sentiment for the ninth straight month in August as another hike in interest rates combined with the surging cost of living to sour the national mood.

Local technology stocks led gains, jumping 1.70% helped by a 10.0% jump in cloud service provider Megaport, as annual loss narrowed for the company.

Gold stocks advanced 0.64% on strong overnight bullion prices, with country's largest gold miner Newcrest Mining gaining 0.9%.

Financials were among the top losers, falling 0.8% with the 'Big Four' banks trading in the negative territory.

National Australia Bank, the country's second-biggest lender, dropped nearly 3% after it flagged higher expenses for the second time in four months.

"I'm worried towards the end of the year, with the mortgage rates going up so much, people will probably be in a situation where they'll be forced to sell," said Brad Smoling, managing director at Smoling Stockbroking.

He explain higher mortgage rate will "be a major problem for Australian banks", as most of bank's exposure is in property sector which facing a downturn led by aggressive rate hikes.

In New Zealand, the benchmark S&P/NZX 50 index closed 0.43% higher at 11753.48. (Reporting By Navya Mittal in Bengaluru; Editing by Rashmi Aich)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
AUSTRALIAN DOLLAR / US DOLLAR (AUD/USD) -0.56% 0.64992 Delayed Quote.-10.08%
BRITISH POUND / US DOLLAR (GBP/USD) -2.02% 1.05842 Delayed Quote.-19.80%
CANADIAN DOLLAR / US DOLLAR (CAD/USD) -0.33% 0.7335 Delayed Quote.-7.03%
EURO / US DOLLAR (EUR/USD) -0.56% 0.96328 Delayed Quote.-14.81%
INDIAN RUPEE / US DOLLAR (INR/USD) -0.38% 0.01226 Delayed Quote.-8.35%
MEGAPORT LIMITED 4.32% 7.49 Delayed Quote.-61.31%
NATIONAL AUSTRALIA BANK LIMITED -0.03% 29.315 Delayed Quote.1.73%
NAVYA 2.31% 0.2396 Real-time Quote.-88.37%
NEW ZEALAND DOLLAR / US DOLLAR (NZD/USD) -0.43% 0.57184 Delayed Quote.-15.97%
NEWCREST MINING LIMITED -5.31% 15.86 Delayed Quote.-35.21%
S&P/ASX 200 -1.60% 6469.4 Real-time Quote.-11.69%
All news about NATIONAL AUSTRALIA BANK LIMITED
09/23Grim PMIs knock euro, sterling also pressured by UK mini-budget
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09/20Australian Shares Rise as RBA Sees Stronger Case for Slower Cash Rate Hike Pace
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09/14Dollar stands tall as focus swings back to Fed
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Analyst Recommendations on NATIONAL AUSTRALIA BANK LIMITED
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Financials
Sales 2022 18 255 M 11 948 M 11 948 M
Net income 2022 6 968 M 4 561 M 4 561 M
Net Debt 2022 - - -
P/E ratio 2022 13,9x
Yield 2022 5,08%
Capitalization 92 349 M 60 442 M 60 442 M
Capi. / Sales 2022 5,06x
Capi. / Sales 2023 4,54x
Nbr of Employees 32 932
Free-Float 97,4%
Chart NATIONAL AUSTRALIA BANK LIMITED
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Technical analysis trends NATIONAL AUSTRALIA BANK LIMITED
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TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 15
Last Close Price 29,35 AUD
Average target price 31,74 AUD
Spread / Average Target 8,13%
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