Australia's NAB posts profit dip, investors cheer margin stability

Aug 16 (Reuters) - National Australia Bank (NAB.AX), the country's No. 3 lender by total loans, reported on Friday that profit fell in the June quarter as inflation pushed up costs and stoked ...

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National Australia Bank Third-quarter Cash Earnings Drop Nearly 8%

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Aug 15, 2024 · National Australia Bank reported a near 8% drop in its cash earnings for the third-quarter on Friday, hurt by rising competition in the housing loan market and higher operational …

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Aussie Lender NAB's Q3 Margins Decline; Shares Up On Cash …

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Aug 15, 2023 · Announces share buyback worth A$1.5 billion. Posts 5% rise in quarterly cash earnings. Aug 15 (Reuters) - National Australia Bank (NAB.AX) said on Tuesday third-quarter …

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National Australia Bank Limited (NAUBF) - Stock Analysis

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National Australia Bank third-quarter cash earnings drop nearly 8%. ... National Australia Bank's third-quarter cash profit rises 5%, announces $973 mln share buyback. National Australia …

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National Australia Bank Revenue - Stock Analysis

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In the fiscal year ending September 30, 2023, National Australia Bank had annual revenue of 19.83B with 7.51% growth. Revenue (ttm) 19.47B AUD. Revenue Growth -0.33%. P/S Ratio ...

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NAB Watches Earnings Tumble And Warns Arrears Are Growing

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Feb 20, 2024 · NAB watches earnings tumble and warns arrears are growing. National Australia Bank’s cash earnings tumbled almost 17 per cent in the December quarter to $1.8 billion as …

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NAB Share Price: National Australia Bank Delivers $1.8b Cash Profit …

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Updated Aug 9, 2022 – 4.55pm, first published at 8.42am. A more cautious approach to growth led to a disappointing third quarter result from National Australia Bank as its revenue missed ...

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Aussie Lender NAB Reports Lower Profit But Hints Bank Margin …

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May 2, 2024 · Raises buy back program to A$3bln with fresh A$1.5 bln. May 2 (Reuters) - National Australia Bank (NAB.AX) posted a double-digit drop in first-half earnings on Thursday …

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National Australia Bank Third-quarter Cash Earnings Drop Nearly 8%

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Aug 15, 2024 · National Australia Bank reported a near 8% drop in its cash earnings for the third-quarter on Friday, hurt by rising competition in the housing loan market and higher operational …

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National Australia Bank Third-quarter Cash Earnings Drop Nearly 8% ...

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Aug 15, 2024 · National Australia Bank ASX:NAB reported a near 8% drop in its cash earnings for the third-quarter on Friday, hurt by rising competition in the housing loan market and higher …

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National Australia Bank Cash Earnings Beat Estimates | Reuters

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Feb 21, 2024 · NAB posted cash earnings of A$1.80 billion ($1.2 billion) for the quarter ended Dec. 31, 4% ahead of a Visible Alpha estimate, according to Citi. It had earned A$2.15 billion …

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National Australia Bank Revenue - Stock Analysis

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Oct 7, 2024 · National Australia Bank had revenue of 9.79B AUD in the half year ending March 31, 2024, with 7.95% growth. This brings the company's revenue in the last twelve months to …

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FAQs about Australia's NAB posts profit dip, investors cheer margin stability Coupon?

Why did National Australia Bank's profit fall in June?

REUTERS/David Gray/File Photo Purchase Licensing Rights Aug 16 (Reuters) - National Australia Bank (NAB.AX), the country's No. 3 lender by total loans, reported on Friday that profit fell in the June quarter as inflation pushed up costs and stoked competition, but said that a measure of core operating margins held steady, sending its shares higher. ...

Why did National Australia Bank's third-quarter margins decline?

Aug 15 (Reuters) - National Australia Bank (NAB.AX) said on Tuesday third-quarter margins declined due to increased home lending competition and higher deposit costs, even as cash earnings rose by 5%, beating market estimates. ...

Did National Australia Bank report an increase in profit?

National Australia Bank Ltd. reported an increase in profit. National Australia Bank Ltd said on Wednesday it has set a new target to more than double its lending to indigenous businesses and communities to at least A$1 billion ($633.70 million) over the next t... ...

Why did National Australia Bank announce a share buyback?

National Australia Bank on Tuesday reported an increase in its third-quarter cash profit, helped by rising interest rates, and announced a A$1.5 billion ($972.90 million) share buyback. ...

Why are National Australia Bank shares rising?

National Australia Bank shares surged on Wednesday to their highest in about nine years after the bank's first-quarter cash profit beat market estimates, and the lender said it remains optimistic about Australia's economy. ...

Are NAB's December quarter earnings in line with forecasts?

Brendan Sproules, head of Australian banks research at Citi, said NAB’s December quarter earnings, which fell 16.9 per cent compared to the prior corresponding period, were in line with forecasts but about 4 per cent ahead of market estimates. ...