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An update from National Australia Bank Limited ( (AU:NAB) ) is now available.
National Australia Bank Limited reported a 1% increase in underlying profit for FY25, driven by volume growth and higher income from Markets & Treasury. The bank’s strategic focus on business banking, deposit growth, and home lending has shown positive results, with a 7% rise in deposit balances and a 9% increase in business lending. Despite a slight decline in statutory net profit, NAB is optimistic about its long-term strategy and sustainable growth. The bank is also committed to enhancing customer experiences and supporting Australia’s transition to a low-carbon economy, with significant investments in environmental finance and affordable housing.
The most recent analyst rating on (AU:NAB) stock is a Buy with a A$42.50 price target. To see the full list of analyst forecasts on National Australia Bank Limited stock, see the AU:NAB Stock Forecast page.
More about National Australia Bank Limited
National Australia Bank Limited (NAB) operates in the financial services industry, offering a range of banking products and services including business banking, personal banking, and wealth management. NAB focuses on the Australian market with significant efforts in business lending, deposit growth, and home lending.
Average Trading Volume: 4,261,058
Technical Sentiment Signal: Buy
Current Market Cap: A$133.8B
See more insights into NAB stock on TipRanks’ Stock Analysis page.