NAB
Stock Code
Stock Exchange
National Australia Bank is a group of companies which provides banking and financial products and services to individuals, small business and corporations. NAB was listed on the ASX on 1 January, 1974. National Australia Bank is one of the leading Australian banks and also has operations located in New Zealand and UK. In UK they operate through Cyldesdale bank and Yorkshire Bank, while in Nez Zealand they operate under the Bank of New Zealand brand.
National Australia Bank (NAB) Company History
The Australian Competition & Consumer Commission (ACCC) has started an informal review of National Australia Bank’s (NAB) $13.3 billion worth of take over bid for AXA Asia Pacific Holdings, according to an announcement made by the regulator. In its announcement, the competition regulator also added that it is willing to announce its findings on March 18th.
Once again four largest banks of Australia have demonstrated their dominance in home loans and deposit sectors for the month of November with National Australia Bank (NAB), hitting the number one position which saw its home lending increased by 3.99 percent.
One of the major banking and financial product providers of Australia- National Australia Bank (NAB) took a hit of $309 million from the Australian Tax Office. The figures were based upon the tax deductibility of interest on capital instruments.
Transpacific Industries Group (TPI), a company that provides waste and environmental service, terminal service and vehicle retailing mainly in Australia, South Pacific and New Zealand was the worst performing stocks in the Australian stock exchange for the 30th week that saw a fall of 16.7 percent in its stock price and was closed for the week at $1.18.
One of the largest banks of Australia, National Australia Bank (NAB) has admitted that currently it is not performing up to the standard in the personal banking sector and might come up with a different strategy to pursue its targeted growth. According to the NAB authority, it is a not just a niche strategy.
Here is an update on the Australian Wealth Management (AUW) provided by Australian market analyst UBS.
Australian Wealth Management (AUW) Markets impact Q108 FUM, Q2 looking flat
Retail FUM down 9% in the quarter:
The Australian Banks underperformed the market by 0.7%.The Macquarie Research Equities (MRE) highlights about the Australian Banking Sector Impacts.
Which Banks to Support?
The Australian Banks underperformed the market by 0.7% last week, yet still trade well below their November 2007 highs. Macquarie Research Equities (MRE) highlight their sector picks as WBC and CBA given stronger balance sheets, low risk loan portfolio’s and lower exposure to offshore earnings. MRE assess the week in passing and reaffirm their sector guidance…
Australian Banking Sector reporting season preview from Australian market analyst UBS.
Start scooping up banks. Mild overweight.
Recent price falls provide a buying opportunity:
The Aussie banks have seen a sharp pull back in recent weeks following their global peers. We believe that this has been driven by: (1) concerns for the health of the US investment banks into their reporting season; and (2) overhang from the current global bank rights issues. As a result the Australian banks have now underperformed the All Resources by 46% over the last year.
MRE aggressively downgraded Australian banking sector earnings in April this year following the March half-year reporting season.
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Top 150 Public Companies Listed on the Australian Stockmarket as at 29/05/2009
- BHP Billiton
- Westpac Banking Corporation (WBC)
- Commonwealth Bank of Australia (CBA)
- National Australia Bank (NAB)
- Telstra (TLS)
- ANZ
- News Corporation (NWS)
- Woolworths Limited(WOW)
- Woodside Petroleum Limited (WPL)
- Rio Tinto
- Westfield Group (WDC)
- Westfarmers Limited (WES)
- QBE Insurance
- CSL
- Newcrest Mining Limited (NCM)
- Origin Energy Limited (ORG)
- Santos Limited (STO)
- AMP Limited (AMP)
- Maquarie Group (MQG)
- Foster’s Group Limited (FGL)
