Dona Ferentes
Abrió la caja, vio al gatito, y sonrió
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NAB shares have soared to their highest level in three-and-a-half years* on Wednesday, rebounding from a small loss in the previous session.
The company’s shares were trading 4.6 per cent higher at $30.23, its highest price since March 2018.
The bank said it was lending more, after working out how to approve mortgage applications quickly and deepening relationships with key business customers.
It beat profit expectations and doubled its final dividend following a strong rebound in performance during the 2021 financial year.
On Wednesday, Macquarie, Morgans, JPMorgan and Citi all upgraded their price targets on the stock.
*of course a bit of capital raise dilution on that raw number
The company’s shares were trading 4.6 per cent higher at $30.23, its highest price since March 2018.
The bank said it was lending more, after working out how to approve mortgage applications quickly and deepening relationships with key business customers.
It beat profit expectations and doubled its final dividend following a strong rebound in performance during the 2021 financial year.
On Wednesday, Macquarie, Morgans, JPMorgan and Citi all upgraded their price targets on the stock.
*of course a bit of capital raise dilution on that raw number