National Australia Bank’s first-quarter cash earnings rise 16%

National Australia Bank’s first-quarter cash earnings rise 16%

Feb 18 (Reuters) – National Australia Bank reported an 16% rise in its first-quarter ​cash earnings on ‌Wednesday, driven by robust growth in its business and home lending divisions. The country’s top business lender ‌posted ​cash earnings ⁠of A$2.02 billion ($1.43 ⁠billion) for the quarter ended December 31, higher than A$1.74 billion reported a year ​ago. Quarterly business lending volumes grew 7% while ⁠housing loan volumes ⁠rose 5% from last…

NAB Share Price Hits Record High As Q1 Cash Earnings Surge 16%

The post NAB Share Price Hits Record High As Q1 Cash Earnings Surge 16% appeared on BitcoinEthereumNews.com. The share price of Australia’s largest bank skyrocketed to record high after reporting a 16% increase in its first-quarter cash earnings on Wednesday. The stock of National Australia Bank Limited (NAB) hit a high of $47.96 on Wednesday and closed at $47.21, up by more than 4%. Strong Quarterly Profit The rally comes amid the top lender’s …

Westpac share price dips as NAB earnings steal the spotlight; CPI is the next test

Westpac shares closed down 1.17% at A$40.52 on Wednesday, while NAB hit a record high after posting a 16% rise in first-quarter cash earnings. Commonwealth Bank and ANZ also slipped. The S&P/ASX 200 rose 0.5%. Traders are watching for Australia’s January CPI data due Feb. 25. The post Westpac share price dips as NAB earnings steal the spotlight; CPI is the next test appeared first on TechStock².

Closing Bell: Earnings season pumps up the volume as banks amplify gains

Banks and tech stocks power ASX higher NAB hits record; Superloop and Netwealth rally on strong results Santos cuts workforce as wage growth trails inflation   The ASX extended its three-day winning streak on February 18, closing 0.53% higher as a heavy slate of earnings reports drove stock-specific moves across the board.   NAB breaks out National Australia Bank (ASX:NAB) climbed about 5% to record highs after reporting December-quarter cash ea…

NAB Earnings Exceed Expectations, Boosted by Markets

National Australia Bank (NAB) reported first quarter cash earnings of $2.02 billion, according to Citi analyst Thomas Strong. This figure is 15 per cent above the second-half quarterly average for 2025 and approximately 4-5 per cent ahead of consensus estimates, after accounting for market and treasury (M&T) fluctuations. NAB is one of Australia’s largest financial institutions, providing a range of banking and financial services to individuals …

National Australia Bank’s shares hit record high on robust first-quarter cash profit

Australia’s top business lender has posted cash earnings of A$2 billion for the quarter ended Dec 31