Coinpaper 2026-02-18 10:46:22

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

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 strong quarterly profit. NAB posted cash earnings of A$2.02 billion, or $1.43 billion, for the quarter that ended December 31, up from the A$1.74 billion reported a year ago. ”NAB is well placed to manage our bank for the long term and to support our customers, while delivering sustainable growth and returns for shareholders,” said NAB CEO Andrew Irvine, according to Reuters. Performance in Business and Home Lending Segments NAB’s strong quarterly performance is supported by growth in its business and home lending divisions. The bank’s business banking witnessed a 7% increase in quarterly volume while its business and private banking segment saw 3% growth. According to the latest data from the Australian Prudential Regulation Authority, NAB now accounts for 21.6% of the business banking market share while its peers, Westpac Banking Corporation and the ANZ Group, account for 16.6% and 12.5% of the market share, respectively. Quarterly housing loan volume is also up by 5% . Beating Estimates According to UBS analyst John Storey, the results reflected a record quarter for the lender. He said that the results beat market consensus, including UBS’s own estimates by 10.5 percent when accounting for net profit after tax and by 8.5% when accounting for profit less the potential bad debts. JPMorgan analyst Andrew Triggs said the market expected a solid performance from NAB given the strong results from its rivals, but the bank outperformed the others with its strong financial results. “The result puts NAB firmly at the top of peer revenue growth trends in the quarter, and this is likely to drive at least low-single-digit earnings upgrades for consensus, in our view,” he said , according to the Australian Financial Review.

Meist gelesene Nachrichten

Bitcoin Won Over Wall Street and Now It’s Pay...
2026-02-18
ADA Technical Analysis February 18, 2026: Wil...
2026-02-18
WLFI Jumps Double Digits Ahead of Mar-a-Lago...
2026-02-18
BlackRock Bitcoin Deposit: Strategic $168M Co...
2026-02-18
AMLBot says social engineering drove 65% of c...
2026-02-18
AUD/USD Price Forecast: Bullish Momentum Targ...
2026-02-18
Shiba Inu Will Recover to Prices Never Seen B...
2026-02-18
Analyst: My Conviction In XRP Is Anchored By...
2026-02-18

Lesen Sie den Haftungsausschluss : Alle hierin bereitgestellten Inhalte unserer Website, Hyperlinks, zugehörige Anwendungen, Foren, Blogs, Social-Media-Konten und andere Plattformen („Website“) dienen ausschließlich Ihrer allgemeinen Information und werden aus Quellen Dritter bezogen. Wir geben keinerlei Garantien in Bezug auf unseren Inhalt, einschließlich, aber nicht beschränkt auf Genauigkeit und Aktualität. Kein Teil der Inhalte, die wir zur Verfügung stellen, stellt Finanzberatung, Rechtsberatung oder eine andere Form der Beratung dar, die für Ihr spezifisches Vertrauen zu irgendeinem Zweck bestimmt ist. Die Verwendung oder das Vertrauen in unsere Inhalte erfolgt ausschließlich auf eigenes Risiko und Ermessen. Sie sollten Ihre eigenen Untersuchungen durchführen, unsere Inhalte prüfen, analysieren und überprüfen, bevor Sie sich darauf verlassen. Der Handel ist eine sehr riskante Aktivität, die zu erheblichen Verlusten führen kann. Konsultieren Sie daher Ihren Finanzberater, bevor Sie eine Entscheidung treffen. Kein Inhalt unserer Website ist als Aufforderung oder Angebot zu verstehen