NAB - National Australia Bank

[divs4ever]

Australia's 5 biggest banks start reporting tomorrow. Here's what you need to know​

Australia's 5 biggest banks start reporting tomorrow. Here's what you need to know

This week is a huge week. Not just because it's month-end and month-start in the same week, or that it's Federal Reserve decision week, or that two mega-cap tech firms are reporting results. This week is also interesting because Big Bank earnings season kicks off tomorrow and runs for an entire...

www.marketindex.com.au

i do not hold this share ( directly , but am exposed via LICs and ETFs )

 

[farmerge]

NAB results out tommorow morning , going to be pivotal moment

No doubt will be announcing a multi-billion dollar profit.

 

[farmerge]

Banks were actually pretty good at one stage going back to the 1960's/70's .. even the local bank manager knew many of the customer's on a personal level took interest in them etc. there was honesty, trust & loyalty back then. People loved, trusted & respected banks.

@Telamelo Takes me back to the early 1970's when we bought our first home.
The suburban bank manager was a great bloke,
As you say he knew us by name and took an interest in what our dream and aspirations were.
Gave us loans virtually on a handshake.
Long gone are the days when the bank and manager showed compassion and cared.

 

[sptrawler]

@Telamelo Takes me back to the early 1970's when we bought our first home.
The suburban bank manager was a great bloke,
As you say he knew us by name and took an interest in what our dream and aspirations were.
Gave us loans virtually on a handshake.
Long gone are the days when the bank and manager showed compassion and cared.

There is of course the option to use other lenders than the big 4 and also some of the smaller lenders are offering far better interest rates on savings.

 

[sptrawler]

No doubt will be announcing a multi-billion dollar profit.

If they didn't the Govt would be crapping themselves, there is a reason there is a four pillars policy, they are basically a quasi Govt organisation, somewhat like Qantas and Telstra.

They are independent but have to toe the Govt line to receive favourable consideration in Govt decisions, also the big 4 banks are some of the only companies that pay a super profits tax if my memory serves me correcly.

So if the Big 4 aren't making good profits, there is something seriously wrong in the economy and they wont have the funds to lend out, which in turn could cause further implossion then the RBA has to get involved by supplying the funds and the overseas banks with exposure to our banks loan books get nervous and so on.

Remember back in 1987 when Australia had very little savings and the Australian banks had big exposure to Bond Corp, Skase and Adelaide Steamships etc, then the stock market crash happened a couple of the Big 4 nearly went belly up as the overseas banks called in the debts, from memory the Govt had to throw money and promises in to stop the rot, then Keating brought in super to help Australia's poor savings situation.

So IMO the banks making a healthy profit is a reflection the economy managing ok.
Only my thoughts and memories of events, someone will correct me if I've got it wrong, then I can google history to refresh my aging brain. Lol

Just checked one of the above statements.

Research

Research

www.aph.gov.au

levy on major banks​

A tax of 0.06 per cent will be applied to the liabilities of banks meeting certain size criteria, with the effect that, initially, it will apply from 1 July 2017 to the five largest banks (ANZ, Commonwealth, NAB, Macquarie and Westpac). The tax is expected to raise $6.2 billion over the forward estimates or around $1.5 billion annually. The tax will apply to: ‘corporate bonds, commercial paper, certificates of deposit, and Tier 2 capital instruments’. It will not apply to additional Tier 1 capital and customer deposits protected by the Financial Claims Scheme (FCS).[2][3] Large deposits (not covered by the FCS) would be subject to the new tax.[4] The tax will require legislation to implement.

Impact on competition​

The five major banks together provide 84 per cent of lending for housing, and 81 per cent of gross loans and advances.[5] All other banks, credit unions and building societies are below the required size threshold.[6] Due to a number of commercial and market factors (including size), the major banks can access wholesale funding at lower costs than their smaller competitors. [7] The tax would reduce this funding advantage, making it easier for smaller authorised deposit-taking institutions[8] (ADIs) to compete.

 

[Chipp]

NAB results out tommorow morning , going to be pivotal moment

Well read report in total and for the life of me i have no idea why its up 2.5% at this very moment , if it wasn't for that pesky buyback i would be looking to short it today .

 

[divs4ever]

Well read report in total and for the life of me i have no idea why its up 2.5% at this very moment , if it wasn't for that pesky buyback i would be looking to short it today .

well i looked elsewhere to buy

i guess i disagree with the masses

 

[TimeISmoney]

I wonder if it's people buying to scrounge the dividend.

 

[Dona Ferentes]

I wonder if it's people buying to scrounge the dividend.

NABs retail bank cash earnings fell almost 20 per cent to $1.77 billion.

Business banking was strong withcredit growth of 8 per cent.

NAB’s biggest division was the only one not to report a fall in annual earnings.

Non-performing loans and arrears were up from 1.13 per cent in the 2023 financial year to 1.39 per cent, reflecting the continuing pressure that higher for longer rates are having on borrowers.

It increased its final dividend by 1¢ to 85¢ a share.