National Australia Bank's Shares Hit Record High on Robust First-Quarter Cash Profit

NAB stamps its authority on business lending with record quarter

The strong performance comes despite its big rivals circling its business banking turf for a while now, and disruptor Judo also making strides in the sector.

Aussie shares lift as NAB result boosts financials

National Australia Bank has become the third big four player to beat its earnings expectations, temporarily easing fears about lofty bank valuations.

Aussie shares clinch third session of gains, NAB soars

Australia's share market has ended the session higher as NAB became the latest large-cap to outshine forecasts in a so-far encouraging earnings season.

NAB share price closes up 4% after Q1 update, hits record high and puts capital in focus

NAB shares rose 4.0% to A$47.14, hitting a record A$47.96 after reporting first-quarter cash earnings up 16% to about A$2.0 billion. Net interest margin increased to 1.80%, while credit impairment charges fell to A$170 million. The bank’s core capital ratio slipped to 11.48% from 11.70%. Investors are watching capital levels and the May half-year result. The post NAB share price closes up 4% after Q1 update, hits record high and puts capital in …

Big Four Banks Boost Market Value

Australia’s four largest banks have collectively added approximately $72 billion in market value since the commencement of the reporting season. This surge has propelled the financials sector to the forefront of the Australian share market’s gains, as it approaches record highs. National Australia Bank (NAB) delivered a particularly strong earnings performance on Wednesday, driving its share price to a record high of $47.90. Marc Jocum, Senior P…