National Australia Bank Ltd
NAB: XASX (AUS)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| GX | LOCK|w%! | LOCK|K%>^>z |
National Australia Bank: Solid Profit and Asset Quality, but Growth Headwinds Cap Upside
National Australia Bank's third-quarter underlying profit of AUD 1.8 billion is up 2% on the quarterly average for the first half. Loan growth of 2% more than offset a modest reduction in net interest margins, aided by lower loan impairments. But shares slipped 4%.
