- Cash Profit: NAB reported an unaudited cash profit of A$1.75 billion for the third quarter of 2024.
- Statutory Net Profit: The bank registered an unaudited statutory net profit of A$1.9 billion.
- Capital Strength: NAB’s Common Equity Tier 1 (CET1) ratio stood at 12.6%.
- Credit Impairment Charges: The company recorded credit impairment charges amounting to A$118 million.
- Interest Margin: NAB’s net interest margin remained stable during the period.
- Analyst Recommendations: Analyst recommendations comprised 2 buys, 7 holds, and 7 sells.
A look at National Australia Bank Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.4 |
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, National Australia Bank shows a promising long-term outlook. With solid scores in Dividend, Growth, and Momentum, the company is positioned well for future performance. Its strong performance in these areas indicates stability in dividends, potential for growth, and positive market momentum.
Although the Value score is moderate and the Resilience score is lower, the overall picture painted by the Smart Scores suggests that National Australia Bank is in a good position to capitalize on growth opportunities. As an international banking group offering a diverse range of financial services, the company’s strategic presence in various regions provides a solid foundation for long-term success in the industry.
Summary: National Australia Bank Limited, an international banking group, operates across several continents providing a wide range of financial services. With a mix of steady dividends, growth prospects, and positive market momentum, the company appears to have a promising outlook for long-term performance.
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.
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