National Australia Bank Limited (NAL) AI Stock Analysis
National Australia Bank Limited
(Frankfurt:NAL)
No summary available
National Australia Bank Limited (NAL) vs. iShares MSCI Germany ETF (EWG)
- Market Cap
- EUR 76.23B
- Dividend Yield
- 3.80%
- Average Volume (3M)
- 75
- Price to Earnings (P/E)
- 20.8
- Beta (1Y)
- 0.49
- Revenue Growth
- -13.72%
- EPS Growth
- -16.25%
- Country
- Germany
- Employees
- 41,880
- Sector
- Financial
- Sector Strength
- 68
- Industry
- Banks - Diversified
National Australia Bank Limited Business Overview & Revenue Model
Company Description
National Australia Bank Limited (NAB) is a prominent financial institution delivering a broad spectrum of services to individual and business clients across Australia, New Zealand, and internationally. Its operations are organized into key divisions:...
National Australia Bank Limited Earnings Call Summary
The call presented a mixed but resilient picture: strong underlying operating performance (underlying profit +6.4%, revenue +3.1%, robust business lending and deposit growth, improved customer advocacy and technology progress) was offset by a large one-off $1.35bn software amortization, higher credit impairment provisions ($300m forward-looking top-up; H1 charge $706m), and elevated uncertainty from the Middle East conflict which may moderate credit growth and pressure asset quality. Capital and liquidity remain well above regulatory minima and management took prudent capital actions (DRP discount and partial underwriting). Given the substantive operating positives tempered by meaningful one-off accounting impacts and increased provisioning for geopolitical-driven risk, the overall tone is balanced and cautious.
Q2-2026 Updates
Positive Updates
Negative Updates
Company Guidance
Guidance from the call flagged a more cautious near-term outlook but stressed strong underlying momentum and specific financial actions: cash earnings (ex-notables) rose 2.3% with underlying profit up 6.4% and revenue +3.1%; cash ROE (ex-notables) was 11.6%; NIM rose 3bps (lending margin down 4bps) and CIF charge was $706m (18bps of loans) including a $300m forward-looking provison top‑up; total provisions are now ~1.68% of CRWAs with collective provisions ~1.35% and forward-looking collective overlays +$300m; balance sheet moves include March CET1 11.65% with a 1.5% DRP discount and partial underwrite to raise ~A$1.8bn (~+40bps CET1 to pro forma 12.05%), LCR 132% and NSFR 116%; business lending GLAs +11.5% YoY to A$306bn (business credit growth this half 6.9%), at‑call deposits +A$14bn in H1, transaction account balances +10.8%, proprietary home lending drawdown share up from 41.4% to 47.7% (50% in March), term issuance A$19.6bn H1 (FY target ~A$36bn), investment spend ~A$1.8bn (≈50% expensed H2) and a productivity target >A$450m for the year.
National Australia Bank Limited Peers Comparison
Overall Rating
AU:ANZ75Outperform
AU:MQG62Neutral
AU:CBA57Neutral
AU:WBC55Neutral
AU:BEN43Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| AU:ANZ | 75Outperform | AUD 122.95B | 20.61 | 8.30% | 4.07% | -5.34% | -13.04% |
| Sector * | 68Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% |
| AU:MQG | 62Neutral | AUD 92.90B | 19.75 | 13.72% | 2.77% | 4.80% | 30.56% |
| AU:CBA | 57Neutral | AUD 278.72B | 25.65 | 13.94% | 3.03% | 0.78% | 7.41% |
| AU:WBC | 55Neutral | AUD 125.77B | 17.96 | 9.77% | 4.18% | -3.87% | 1.20% |
| AU:BEN | 43Neutral | AUD 6.26B | 16.33 | 5.61% | 5.84% | -5.79% | ― |
* Financial Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| DE:NAL | National Australia Bank Limited | 25.82 | 2.23 | 9.45% | |
| AU:ANZ | Anz Group Holdings Limited | 40.81 | 5.46 | 15.43% | |
| AU:BEN | Bendigo & Adelaide Bank Ltd. | 10.78 | -1.35 | -11.11% | |
| AU:MQG | Macquarie Group Limited | 252.44 | 40.34 | 19.02% | |
| AU:WBC | Westpac Banking Corporation | 36.82 | -1.47 | -3.85% | |
| AU:CBA | Commonwealth Bank of Australia | 166.72 | -3.63 | -2.13% |
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.