- National Australia Bank‘s (NAB) first half cash profit reached A$3.58 billion, outperforming the market estimate of A$3.47 billion.
- The Business & Private Banking sector contributed A$1.63 billion to the cash profit.
- Personal Banking achieved a cash profit of A$576 million.
- Corporate & Institutional Banking recorded a cash profit of A$909 million.
- NZ Banking generated A$707 million in cash profit.
- An interim dividend per share was declared at A$0.85, matching the market estimate.
- NAB’s net income was A$3.41 billion, slightly below the estimate of A$3.45 billion.
- The net interest margin stood at 1.7%.
- The Common Equity Tier 1 capital ratio was recorded at 12%, exceeding the estimated 11.8%.
- The number of full-time equivalent (FTE) staff at the period’s end was 39,976.
- Net interest income totaled A$8.45 billion.
- The net operating income was A$10.28 billion, just shy of the A$10.32 billion estimate.
- Analyst ratings included 2 buys, 8 holds, and 6 sells.
National Australia Bank on Smartkarma
Analyst coverage of National Australia Bank on Smartkarma is buzzing as Gaudenz Schneider provides insights on anticipated price swings on the upcoming Q1 Trading Update scheduled for 19 Feb 2025. In the report titled “EQD | National Australia Bank (NAB AU): Anticipated Price Swings on Q1 Trading Update on 19 Feb 2025,” Schneider highlights the use of listed options for traders to strategize reactions to the market. The analysis delves into different strategies based on market expectations, with a bullish sentiment towards NAB’s potential performance post-update.
Investors keen on understanding the potential impact of National Australia Bank‘s Q1 Trading Update are turning to independent analysts like Gaudenz Schneider on Smartkarma. Given the historical average price move of 2.2% following profit announcements for NAB, the option markets are anticipating a slightly larger move this time. Schneider’s report offers valuable insights into trading strategies and risk implications, providing a comprehensive outlook on how the market might react post the update on 19 Feb 2025.
A look at National Australia Bank Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores for National Australia Bank, the company is positioned moderately well for the long-term. With a solid Dividend score of 4, investors may find the company appealing for its dividend payouts. While the Value, Growth, Resilience, and Momentum scores are all at a neutral level of 3, indicating a steady performance across these factors. Overall, National Australia Bank seems to offer a balanced outlook for investors.
National Australia Bank Limited, an international banking group with operations across multiple continents, provides a wide range of financial services including banking, credit facilities, investment banking, insurance, and wealth management. With its consistent scores across key factors, the company appears to be stable and capable of generating returns for investors in the long run, making it a potential choice for those seeking a diversified banking investment option.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
