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National Australia Bank Limited (AU:NAB)
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National Australia Bank Limited (NAB) AI Stock Analysis

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AU:NAB

National Australia Bank Limited

(OTC:NAB)

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Neutral 64 (OpenAI - 4o)
Rating:64Neutral
Price Target:
AU$47.00
▲(15.03% Upside)
The overall stock score reflects a balanced view of National Australia Bank Limited's financial performance, technical indicators, and valuation. The most significant factors are the robust revenue generation and stable equity levels, offset by high leverage and declining profitability margins. The technical analysis indicates a positive trend, while the valuation suggests moderate attractiveness.
Positive Factors
Revenue Generation
Strong revenue generation indicates a solid business model and effective market positioning, supporting long-term growth and stability.
Stable Equity Levels
Stable equity levels provide a strong financial foundation, enhancing the bank's ability to withstand economic fluctuations and invest in growth opportunities.
Gross Profit Margin
A high gross profit margin reflects cost efficiency and pricing power, which are crucial for maintaining profitability in a competitive banking industry.
Negative Factors
High Leverage
High leverage can increase financial risk, particularly in volatile markets, potentially impacting the bank's ability to manage debt obligations effectively.
Negative Cash Flows
Persistent negative cash flows indicate operational inefficiencies and can strain liquidity, limiting the bank's capacity to fund growth and absorb shocks.
Declining Profitability Margins
A decline in profitability margins suggests challenges in maintaining cost controls or revenue growth, potentially affecting long-term financial health.

National Australia Bank Limited (NAB) vs. iShares MSCI Australia ETF (EWA)

National Australia Bank Limited Business Overview & Revenue Model

Company DescriptionNational Australia Bank Limited (NAB) is one of the largest financial institutions in Australia, providing a wide range of banking and financial services to individuals, businesses, and institutions. Established in 1893, NAB operates across various sectors, including retail banking, business banking, corporate banking, and wealth management. Its core products and services include personal and business loans, mortgages, credit cards, investment and savings accounts, insurance, and financial advisory services.
How the Company Makes MoneyNAB generates revenue primarily through net interest income, which comes from the difference between the interest earned on loans and the interest paid on deposits. This is complemented by fee income from various banking services such as transaction fees, account maintenance fees, and advisory services. Additionally, NAB earns revenue from its wealth management division, which includes investment products and insurance services. The bank also engages in trading and investment banking activities, contributing to its earnings. Key partnerships with fintech firms and technology providers enhance its service offerings and operational efficiency, further supporting its revenue streams.

National Australia Bank Limited Earnings Call Summary

Earnings Call Date:Nov 05, 2025
(Q4-2025)
|
% Change Since: |
Next Earnings Date:May 04, 2026
Earnings Call Sentiment Neutral
NAB's earnings call revealed several positive aspects, such as strong balance sheet growth, successful strategy implementation, and improved customer advocacy. However, challenges remain with higher impairment charges, cost impacts from payroll issues, and concerns about noninterest income growth. Despite these challenges, the positive elements suggest a generally stable outlook.
Q4-2025 Updates
Positive Updates
Strong Balance Sheet and Revenue Growth
NAB's full year 2025 results reflect higher underlying profit supported by a strong balance sheet and revenue growth in the second half. Australian business lending balances increased by 5.8% in the second half, marking the strongest half-yearly improvement in 3.5 years.
Improved Cash Earnings Stability
Cash earnings were stable over the year, with a cash return on equity of 11.4%. A final dividend of $0.85 brings the total dividend for the year to $1.70, representing 73.3% of cash earnings, in line with the target payout policy of 65% to 75%.
Successful Strategy Implementation
NAB's refreshed strategy aims to strengthen customer advocacy, with improvements in customer advocacy metrics and strategic NPS scores. The bank reported improved outcomes in 12 out of 20 must-win battles for customer experience.
Strong Deposit Growth
Deposits fully funded GLA growth this year, and the share of total lending funded by customer deposits increased to 84%, a meaningful improvement from 70% in 2019.
Technology Modernization Progress
71% of NAB's technology workforce are NAB colleagues, and 90% of apps run on modern infrastructure in the cloud. The bank is also reducing the number of products and processes to simplify operations.
Business Banking Leadership
NAB is the largest business lender in Australia, with a 22% share of total business lending and a 28% share of lending to small and medium-sized businesses.
Capital and Liquidity Position
NAB's common equity Tier 1 capital ratio is 11.7%, comfortably above the target. The liquidity coverage ratio and net stable funding ratio are well above minimum requirements.
Negative Updates
Higher Impairment Charges
Higher impairment charges primarily relate to an increase in individually assessed charges. There were a number of single name exposures in Corporate & Institutional Banking and New Zealand Banking.
Cost Impact from Payroll Issues
Total costs were impacted by charges associated with the review and remediation of payroll issues, which are disappointing and need fixing.
Challenges with Noninterest Income
Fees and commissions increased by only $9 million due to lower business lending fees and lower capital markets and structuring fees in Corporate and Institutional Banking.
Slight Decline in Return on Equity
The cash return on equity of 11.4% is down slightly relative to 2024, indicating a slight decline in efficiency.
Asset Quality Concerns
The ratio of nonperforming loans to gross loans and acceptances increased by 6 basis points in the second half, with a notable impact from two large well-secured customers in the agri book.
Company Guidance
In the National Australia Bank's full year 2025 results presentation, the bank reported a strong performance with a focus on maintaining a robust balance sheet and revenue growth. The Australian business lending balances increased by 5.8% in the second half, marking the strongest half-yearly improvement in 3.5 years. The bank's cash return on equity was reported at 11.4%, with a final dividend of $0.85 per share, bringing the total dividend for the year to $1.70, which represents 73.3% of cash earnings. The common equity Tier 1 capital ratio stood at 11.7%, comfortably above the target, while the liquidity coverage ratio and net stable funding ratio remained well above minimum requirements. NAB made significant strides in growing its business banking franchise and deposit growth, with deposits funding 84% of total lending, a noteworthy improvement from 70% in 2019. The bank also reported a 14% growth in business transaction account balances and a 46% increase in proprietary home lending drawdowns since the first half of 2024. The underlying profit rose by 0.7%, with revenue growth of 2.9%, driven by good volume growth and stronger market and treasury income, despite higher impairment charges.

National Australia Bank Limited Financial Statement Overview

Summary
National Australia Bank Limited shows robust revenue generation and stable equity levels. However, high leverage and declining profitability margins are concerning. Negative cash flows underscore potential liquidity issues, warranting strategic attention. While fundamentally strong, careful management of operational efficiency and cash flows is crucial.
Income Statement
The income statement reveals a mixed performance. The revenue growth rate is volatile, with a notable decline from 2023 to 2024. The gross profit margin remains strong at approximately 96.5% for 2024, indicating cost efficiency. However, the absence of EBIT and EBITDA in 2024 suggests potential issues in operational profitability. Net profit margin declined to 33.8% in 2024 from 14.3% in 2023, reflecting potential profitability concerns.
Balance Sheet
The balance sheet shows a stable financial position with a debt-to-equity ratio of 4.83, indicating high leverage typical in the banking industry. Stockholders' equity has been stable, with a slight increase in 2024. The equity ratio is approximately 5.7%, suggesting a modest reliance on equity financing. Given the scale of assets, the bank maintains a solid equity base, though high leverage poses potential risks.
Cash Flow
Cash flow analysis presents challenges, with a negative free cash flow in recent years, notably increasing to -37.2 billion in 2024. The operating cash flow to net income ratio is negative, indicating operational cash flow issues. Free cash flow to net income ratio is unfavorable, reflecting strain on cash generation despite profitability. This highlights significant pressure on cash flows, necessitating careful management.
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue34.45B60.25B62.16B51.90B25.87B20.92B
Gross Profit4.97B0.0019.88B19.81B18.20B16.88B
EBITDA9.76B9.80B11.19B11.67B10.86B10.11B
Net Income5.06B6.76B6.96B7.41B6.89B6.36B
Balance Sheet
Total Assets1.11T1.11T1.08T1.06T1.06T926.19B
Cash, Cash Equivalents and Short-Term Investments0.000.00112.94B2.89B2.67B26.96B
Total Debt289.67B289.67B281.87B289.27B290.64B276.41B
Total Liabilities1.05T1.05T1.02T997.69B996.22B863.41B
Stockholders Equity62.92B62.92B61.45B61.15B59.03B62.78B
Cash Flow
Free Cash Flow8.37B7.10B-37.22B-27.89B27.14B-99.00M
Operating Cash Flow9.51B8.51B-35.78B-26.70B28.22B759.00M
Investing Cash Flow-4.34B-5.71B4.69B-4.21B-8.70B-3.69B
Financing Cash Flow2.72B2.72B9.92B6.98B6.01B-22.05B

National Australia Bank Limited Technical Analysis

Technical Analysis Sentiment
Negative
Last Price40.86
Price Trends
50DMA
41.66
Negative
100DMA
42.05
Negative
200DMA
39.18
Positive
Market Momentum
MACD
-0.02
Positive
RSI
42.58
Neutral
STOCH
13.56
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:NAB, the sentiment is Negative. The current price of 40.86 is below the 20-day moving average (MA) of 41.84, below the 50-day MA of 41.66, and above the 200-day MA of 39.18, indicating a neutral trend. The MACD of -0.02 indicates Positive momentum. The RSI at 42.58 is Neutral, neither overbought nor oversold. The STOCH value of 13.56 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:NAB.

National Australia Bank Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (68)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
70
Outperform
$106.64B18.007.92%4.53%5.21%-9.07%
68
Neutral
$18.00B11.429.92%3.81%9.73%1.22%
64
Neutral
AU$124.47B18.6010.36%4.00%-4.56%-1.63%
64
Neutral
AU$256.17B25.3413.34%3.00%6.39%7.78%
61
Neutral
AU$19.67B21.3529.52%2.69%6.44%22.38%
61
Neutral
AU$128.17B18.829.08%3.90%1.57%0.13%
56
Neutral
$75.60B21.0210.30%3.27%3.65%1.58%
* Financial Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:NAB
National Australia Bank Limited
41.02
4.68
12.88%
AU:ANZ
ANZ Group Holdings
35.45
7.60
27.29%
AU:CPU
Computershare Limited
33.74
0.86
2.62%
AU:MQG
Macquarie Group Limited
206.08
-17.68
-7.90%
AU:WBC
Westpac Banking
37.90
6.69
21.43%
AU:CBA
Commonwealth Bank of Australia
153.22
1.67
1.10%

National Australia Bank Limited Corporate Events

NAB Reports Lapse of 176,949 Performance Rights, Clarifying Issued Capital
Dec 29, 2025

National Australia Bank has notified the market that 176,949 NABAM performance rights have lapsed after the conditions attached to those rights were not met or became incapable of being satisfied as of 22 December 2025. The cessation of these conditional securities effectively reduces the pool of potential shares that could be issued under the affected incentive arrangements, providing clarity on NAB’s issued capital structure and signalling that specific performance or service hurdles tied to this tranche of rights were not achieved.

The most recent analyst rating on (AU:NAB) stock is a Sell with a A$32.56 price target. To see the full list of analyst forecasts on National Australia Bank Limited stock, see the AU:NAB Stock Forecast page.

NAB Seeks ASX Quotation for Shares Released From Employee Incentive Scheme
Dec 29, 2025

National Australia Bank Limited has applied to the ASX for quotation of 530,840 fully paid ordinary shares, with the securities previously issued under an employee incentive scheme and now having their transfer restrictions ceased or about to cease. The additional quoted shares modestly increase NAB’s free float and reflect the bank’s ongoing use of equity-based remuneration, aligning employees’ interests with shareholders and incrementally expanding the stock available for trading on the market.

The most recent analyst rating on (AU:NAB) stock is a Sell with a A$32.56 price target. To see the full list of analyst forecasts on National Australia Bank Limited stock, see the AU:NAB Stock Forecast page.

NAB Updates Executive Andrew Irvine’s Equity-Based Incentive Holdings
Dec 23, 2025

National Australia Bank has disclosed changes to the equity interests of executive Andrew Francis Irvine, detailing new grants and vesting of incentive securities as well as the lapse of a portion of his long-term variable rights. Irvine received additional Variable Reward Rights, Long-Term Equity Awards and Long-Term Variable Rights under NAB’s 2025 variable reward and 2026 long-term incentive plans following shareholder approval at the December 2025 annual general meeting, while a significant tranche of his 2022 long-term variable reward vested and a smaller portion lapsed. The updated holdings, which now include higher balances of deferred rights and ordinary shares held via custodian structures, underscore NAB’s continued use of equity-based, performance-linked remuneration to align senior executive incentives with shareholder outcomes and long-term bank performance.

The most recent analyst rating on (AU:NAB) stock is a Sell with a A$32.56 price target. To see the full list of analyst forecasts on National Australia Bank Limited stock, see the AU:NAB Stock Forecast page.

NAB Seeks ASX Quotation for 2.5 Million New Employee Scheme Shares
Dec 23, 2025

National Australia Bank Limited has applied to the ASX for quotation of 2,492,875 new fully paid ordinary shares, which were issued on 16 December 2025 under an employee incentive scheme. The additional quoted securities modestly expand NAB’s listed share base and reflect the bank’s continued use of equity-based remuneration to attract and retain staff, aligning employee interests with shareholders and reinforcing long-term performance incentives within the organisation.

The most recent analyst rating on (AU:NAB) stock is a Sell with a A$32.56 price target. To see the full list of analyst forecasts on National Australia Bank Limited stock, see the AU:NAB Stock Forecast page.

NAB Issues Over 700,000 Unquoted Performance Rights Under Employee Incentive Scheme
Dec 23, 2025

National Australia Bank has notified the market of the issue of unquoted performance rights under its employee incentive scheme, covering a total of 701,318 NABAM performance rights issued on 16 and 17 December 2025. These equity-based awards, which are subject to transfer restrictions and will not be quoted on the ASX until those restrictions end, reinforce NAB’s use of long-term, performance-linked remuneration to align employee incentives with shareholder interests and the bank’s longer-term strategic objectives.

The most recent analyst rating on (AU:NAB) stock is a Sell with a A$32.56 price target. To see the full list of analyst forecasts on National Australia Bank Limited stock, see the AU:NAB Stock Forecast page.

National Australia Bank Announces New Distribution for Capital Notes
Dec 17, 2025

National Australia Bank Limited has announced a new distribution for its NAB Capital Notes 5, with a distribution amount of AUD 1.2475 per note, fully franked, to be paid on March 17, 2026. The distribution rate for the period is 5.0593% per annum, calculated based on a 3-month Bank Bill Rate plus a margin, adjusted for tax. This announcement reflects NAB’s ongoing commitment to providing returns to its investors and maintaining its position in the financial services sector.

The most recent analyst rating on (AU:NAB) stock is a Hold 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.

NAB Announces New Distribution for Capital Notes 6
Dec 17, 2025

National Australia Bank Limited has announced a new distribution for its NAB Capital Notes 6, with a fully franked cash amount of AUD 1.1871 per note, payable on March 17, 2026. The distribution rate for the period from December 17, 2025, to March 17, 2026, is set at 4.8143% per annum, reflecting a combination of the 3-month Bank Bill Rate and an additional margin. This announcement highlights NAB’s ongoing efforts to provide returns to its stakeholders and maintain its position in the financial market.

The most recent analyst rating on (AU:NAB) stock is a Hold 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.

National Australia Bank Announces New Distribution for Capital Notes 3
Dec 17, 2025

National Australia Bank Limited announced a new distribution for its Capital Notes 3, with a distribution rate of 5.4093% per annum for the period from December 17, 2025, to March 17, 2026. This translates to a cash amount of AUD 1.3338 per note, fully franked, payable on March 17, 2026. The announcement highlights the bank’s ongoing commitment to providing returns to its investors, potentially strengthening its market position and stakeholder confidence.

The most recent analyst rating on (AU:NAB) stock is a Hold 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.

NAB Issues JPY 18 Billion Subordinated Notes to Strengthen Capital Base
Dec 17, 2025

National Australia Bank Limited has announced the issuance of JPY 18 billion in fixed reset subordinated notes due in December 2040 under its global medium-term note program. These notes are designed to convert into ordinary shares if the bank faces non-viability, thereby potentially increasing shareholder equity. The issuance is not expected to materially impact the bank’s financial position but provides a mechanism for maintaining regulatory capital requirements, ensuring stability and confidence among stakeholders.

The most recent analyst rating on (AU:NAB) stock is a Hold 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.

National Australia Bank Limited Announces Quotation of New Securities
Dec 16, 2025

National Australia Bank Limited has announced the application for quotation of 483,117 ordinary fully paid securities on the Australian Securities Exchange, issued under a dividend or distribution plan. This move is part of the bank’s ongoing efforts to enhance its capital structure and provide value to its shareholders, potentially impacting its market positioning positively by increasing liquidity and investor confidence.

The most recent analyst rating on (AU:NAB) stock is a Hold 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.

NAB AGM 2025: Key Resolutions Passed Amidst Shareholder Proposals
Dec 12, 2025

The 2025 Annual General Meeting of National Australia Bank resulted in the re-election of directors Mr. Philip Chronican and Ms. Kathryn Fagg AC, along with the approval of the remuneration report and grants of deferred and performance rights to the Group Chief Executive Officer. However, shareholder-proposed resolutions regarding amendments to the company’s constitution and strategies related to financed deforestation were not passed or withdrawn, indicating a focus on maintaining current governance and strategic directions.

The most recent analyst rating on (AU:NAB) stock is a Hold with a A$40.00 price target. To see the full list of analyst forecasts on National Australia Bank Limited stock, see the AU:NAB Stock Forecast page.

NAB Highlights Strategic Progress and Governance at 2025 AGM
Dec 11, 2025

At the 2025 Annual General Meeting, NAB’s Chair, Philip Chronican, highlighted the progress made under the bank’s refreshed strategy, emphasizing improvements in customer service and risk management. The bank has finalized an Enforceable Undertaking with AUSTRAC and is addressing payroll issues, demonstrating its commitment to governance and accountability. NAB aims to maintain strong relationships with regulators and continue enhancing its operations to better serve customers and stakeholders.

The most recent analyst rating on (AU:NAB) stock is a Hold with a A$40.00 price target. To see the full list of analyst forecasts on National Australia Bank Limited stock, see the AU:NAB Stock Forecast page.

NAB Schedules Release of 2026 Q1 Trading Update
Dec 8, 2025

National Australia Bank Limited (NAB) has announced that it will release its first quarter trading update for the 2026 financial year on February 18, 2026. This announcement is part of NAB’s regular financial reporting schedule and will provide insights into the company’s financial performance and strategic direction for stakeholders.

The most recent analyst rating on (AU:NAB) stock is a Hold with a A$40.00 price target. To see the full list of analyst forecasts on National Australia Bank Limited stock, see the AU:NAB Stock Forecast page.

NAB Announces Quotation of New Securities on ASX
Dec 5, 2025

National Australia Bank Limited has announced the application for the quotation of 582,560 ordinary fully paid securities on the Australian Securities Exchange (ASX). These securities are issued under an employee incentive scheme and are not subject to transfer restrictions, which may enhance liquidity and employee engagement within the company.

The most recent analyst rating on (AU:NAB) stock is a Hold with a A$40.00 price target. To see the full list of analyst forecasts on National Australia Bank Limited stock, see the AU:NAB Stock Forecast page.

NAB Updates Dividend Distribution Details
Dec 1, 2025

National Australia Bank Limited has updated its previous announcement regarding dividend distribution for its ordinary fully paid securities. The update includes changes to the Dividend Reinvestment Plan (DRP) price and additional information, impacting shareholders and investors by providing clarity on the distribution details for the period ending September 30, 2025.

The most recent analyst rating on (AU:NAB) stock is a Hold with a A$40.00 price target. To see the full list of analyst forecasts on National Australia Bank Limited stock, see the AU:NAB Stock Forecast page.

NAB Announces Quotation of New Securities on ASX
Nov 24, 2025

National Australia Bank Limited has announced the issuance of 354,027 ordinary fully paid securities, which will be quoted on the Australian Securities Exchange (ASX). This move is part of an employee incentive scheme, reflecting NAB’s commitment to enhancing employee engagement and aligning their interests with the company’s performance. The issuance is expected to have implications for the company’s market positioning by potentially increasing its market capitalization and demonstrating its focus on strategic growth and employee retention.

The most recent analyst rating on (AU:NAB) stock is a Hold with a A$40.00 price target. To see the full list of analyst forecasts on National Australia Bank Limited stock, see the AU:NAB Stock Forecast page.

NAB Announces Cessation of Performance Rights
Nov 24, 2025

National Australia Bank Limited announced the cessation of 3,294 performance rights due to the lapse of conditional rights, as the conditions were not met or became incapable of being satisfied. This announcement may impact the company’s operational strategies and could have implications for stakeholders, reflecting on NAB’s management of performance-based securities and its approach to meeting conditional requirements.

The most recent analyst rating on (AU:NAB) stock is a Hold with a A$40.00 price target. To see the full list of analyst forecasts on National Australia Bank Limited stock, see the AU:NAB Stock Forecast page.

NAB Announces Changes in Director’s Securities Holdings
Nov 24, 2025

National Australia Bank Limited has announced a change in the director’s interest, specifically concerning Andrew Francis Irvine. The change involved the vesting of 25,092 Variable Rewards Rights (VRD) following the satisfaction of vesting conditions and the forfeiture of 651 VRD. This adjustment in director’s securities holdings reflects the bank’s ongoing management of executive compensation and incentives, which could influence stakeholder perceptions of executive alignment with company performance.

The most recent analyst rating on (AU:NAB) stock is a Hold with a A$40.00 price target. To see the full list of analyst forecasts on National Australia Bank Limited stock, see the AU:NAB Stock Forecast page.

NAB Withdraws Shareholder Resolution Following Climate Report Progress
Nov 18, 2025

National Australia Bank Limited announced the withdrawal of a shareholder-requisitioned resolution related to its Customer Transition Plan Approach and Climate Commitments from the agenda of its 2025 Annual General Meeting. The resolution was withdrawn after the release of NAB’s Climate Report, which addressed the concerns raised by the shareholders, indicating substantial progress in the company’s climate-related disclosures. This development reflects NAB’s responsiveness to shareholder concerns and its commitment to enhancing its climate strategy, which may positively impact its reputation and stakeholder relations.

The most recent analyst rating on (AU:NAB) stock is a Hold with a A$40.00 price target. To see the full list of analyst forecasts on National Australia Bank Limited stock, see the AU:NAB Stock Forecast page.

National Australia Bank Limited Announces Quotation of New Securities
Nov 17, 2025

National Australia Bank Limited has announced the application for quotation of 46,968 ordinary fully paid securities on the Australian Securities Exchange (ASX). These securities are issued under an employee incentive scheme and are not subject to transfer restrictions, indicating a move to enhance employee engagement and potentially improve stakeholder value.

The most recent analyst rating on (AU:NAB) stock is a Hold with a A$40.00 price target. To see the full list of analyst forecasts on National Australia Bank Limited stock, see the AU:NAB Stock Forecast page.

National Australia Bank Updates Dividend Distribution Details
Nov 14, 2025

National Australia Bank Limited announced an update to its previous dividend distribution notification, specifically regarding currency information. This update pertains to the dividend distribution for the six-month period ending September 30, 2025, with key dates including a record date of November 12, 2025, and an ex-date of November 11, 2025. The update is significant for shareholders as it provides clarity on the currency aspects of the dividend, potentially impacting their financial planning and investment decisions.

The most recent analyst rating on (AU:NAB) stock is a Hold with a A$40.00 price target. To see the full list of analyst forecasts on National Australia Bank Limited stock, see the AU:NAB Stock Forecast page.

National Australia Bank Issues A$1.75 Billion in Subordinated Notes
Nov 14, 2025

National Australia Bank Limited has announced the issuance of A$1.75 billion in subordinated medium-term notes as part of its domestic Debt Issuance Programme. The notes, which are due in November 2035, include both fixed-to-floating rate and floating rate options and are convertible into ordinary shares if deemed necessary by the Australian Prudential Regulation Authority. This move is designed to bolster the bank’s capital structure without materially impacting its financial position, providing flexibility and resilience in its operations.

The most recent analyst rating on (AU:NAB) stock is a Hold with a A$40.00 price target. To see the full list of analyst forecasts on National Australia Bank Limited stock, see the AU:NAB Stock Forecast page.

National Australia Bank Releases 2026 Financial Calendar
Nov 7, 2025

National Australia Bank Limited has announced its financial calendar for 2026, detailing key dates for its half-year and full-year results announcements, interim and final dividend payments, and its Annual General Meeting. These announcements are crucial for shareholders and stakeholders as they outline the bank’s financial performance schedule and dividend distribution plans, impacting investment decisions and market expectations.

The most recent analyst rating on (AU:NAB) stock is a Hold with a A$40.00 price target. To see the full list of analyst forecasts on National Australia Bank Limited stock, see the AU:NAB Stock Forecast page.

NAB Reports Strong 2025 Earnings and Focuses on Customer Security
Nov 6, 2025

National Australia Bank announced its 2025 full-year financial results, reporting cash earnings of $7,091 million and a statutory net profit of $6,759 million for the six months ending September 30, 2025. The bank declared a final dividend of 85 cents per share, fully franked at a 30% tax rate, payable on December 12, 2025. NAB is also enhancing its efforts to protect customers from scams by investing in advanced technology and collaborating with industry partners.

The most recent analyst rating on (AU:NAB) stock is a Hold with a A$37.50 price target. To see the full list of analyst forecasts on National Australia Bank Limited stock, see the AU:NAB Stock Forecast page.

NAB Releases 2025 Full Year Pillar 3 Report
Nov 5, 2025

National Australia Bank Limited has released its 2025 Full Year Pillar 3 Report, complying with the Australian Prudential Regulation Authority’s disclosure requirements. This report provides insights into NAB’s financial health and risk management practices, which are crucial for stakeholders to assess the bank’s stability and regulatory compliance.

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.

National Australia Bank Releases 2025 Corporate Governance Statement
Nov 5, 2025

National Australia Bank Limited has released its corporate governance statement for the financial year ending 30 September 2025, which has been approved by the board. The statement outlines the extent to which the bank has adhered to the ASX Corporate Governance Council’s recommendations, ensuring transparency and accountability in its operations. This disclosure is part of the bank’s commitment to robust governance practices, which are crucial for maintaining investor confidence and regulatory compliance.

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.

NAB Announces Hybrid 2025 AGM for Enhanced Shareholder Engagement
Nov 5, 2025

National Australia Bank Limited has announced its 2025 Annual General Meeting (AGM), scheduled for December 12, 2025, which will be held both in-person in Melbourne and online. The hybrid format allows shareholders to participate and vote either physically or virtually, ensuring broad accessibility and engagement. Key dates for proxy nominations and pre-AGM voting are set for December 10, 2025. The AGM will address shareholder questions and discuss key themes, reflecting NAB’s commitment to transparency and stakeholder engagement.

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.

NAB Announces Voting Procedures for 2025 AGM
Nov 5, 2025

National Australia Bank Limited has released details regarding the voting process for its 2025 Annual General Meeting (AGM), scheduled for December 12, 2025. The announcement outlines the procedures for shareholders to cast their votes either directly or by appointing a proxy. Key items on the agenda include the re-election of directors, approval of the remuneration report, and resolutions related to the company’s constitution and environmental strategies. The release emphasizes the importance of shareholder participation in the decision-making process.

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.

National Australia Bank Announces 2025 Annual General Meeting
Nov 5, 2025

National Australia Bank Limited has announced its Annual General Meeting (AGM) for 2025, scheduled for December 12, at the Melbourne Convention and Exhibition Centre and online. This meeting is significant for shareholders as it provides an opportunity to engage with the company’s leadership and discuss future strategies, reflecting NAB’s commitment to transparency and stakeholder engagement.

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.

National Australia Bank Announces New Dividend Distribution
Nov 5, 2025

National Australia Bank Limited has announced a new dividend distribution for its ordinary fully paid shares, with a payment of AUD 0.85 per share. The dividend relates to the six-month period ending September 30, 2025, and will be paid on December 12, 2025. This announcement reflects the bank’s ongoing commitment to delivering value to its shareholders and may impact its market positioning by reinforcing investor confidence.

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.

NAB’s 2025 Financial Results Highlight Digital Transformation and Market Positioning
Nov 5, 2025

NAB’s 2025 Full Year Results presentation highlights the company’s financial performance, emphasizing digital transformation, technology, and innovation as key areas of focus. The announcement underscores NAB’s commitment to enhancing its operations and market positioning, with implications for improved asset quality, sustainability, and economic resilience.

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.

National Australia Bank’s 2025 Full-Year Results and Commitment to First Nations
Nov 5, 2025

National Australia Bank Limited has released its full-year results for 2025, acknowledging the Traditional Owners and Custodians of the lands and waters across Australia. The bank emphasizes its commitment to supporting First Nations leaders, businesses, and communities, aiming to create lasting opportunities and strengthen intergenerational wealth.

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.

National Australia Bank Releases 2025 Annual Report Highlighting Strategic Value Creation
Nov 5, 2025

National Australia Bank Limited has released its 2025 Annual Report, detailing its performance and strategic initiatives. The report, lodged with the Australian Securities and Investments Commission and ASX Limited, highlights NAB’s commitment to value creation through its operating environment and governance. It also aligns with various corporate governance principles and accounting standards, providing insights into the company’s financial and non-financial activities.

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.

NAB Reports Modest Profit Growth and Strategic Advances in FY25
Nov 5, 2025

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.

NAB Reports 2025 Financial Results: Revenue Up, Profit Down
Nov 5, 2025

National Australia Bank Limited announced its financial results for the year ending September 30, 2025, reporting a 1.2% increase in revenue from ordinary activities to $20,872 million. However, the net profit after tax attributable to the company’s owners decreased by 2.9% to $6,759 million. The bank declared a final dividend of 85 cents per share, fully franked, with the dividend reinvestment plan available to shareholders. The report highlights a stable net tangible asset per share, indicating consistent asset management despite the dip in net profit.

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.

NAB Announces Financial Reporting Changes for FY25
Oct 22, 2025

National Australia Bank Limited has announced changes to its financial reporting that will affect the presentation of its income statement and divisional financial information for the fiscal year 2025. These changes, which do not impact the bank’s cash earnings or net profit, include the reclassification of customer portfolios between divisions to better meet service needs, adjustments to the presentation of volume-related fees and commissions, and refined treatment of revenue from customer loans and deposits in New Zealand. The adjustments aim to align with industry practices and provide clearer financial disclosures, with implications for how income and expenses are reported across different divisions.

The most recent analyst rating on (AU:NAB) stock is a Sell with a A$31.23 price target. To see the full list of analyst forecasts on National Australia Bank Limited stock, see the AU:NAB Stock Forecast page.

NAB Announces Interest Payment Dates for US$1.75 Billion Covered Bonds
Oct 13, 2025

National Australia Bank Limited has announced the interest payment and record dates for its US$1.75 billion 4.370% Covered Bonds due on June 3, 2030. This announcement is part of NAB’s U.S.$40 billion Covered Bond Programme, which plays a significant role in the bank’s funding strategy, potentially impacting its financial stability and investor relations.

The most recent analyst rating on (AU:NAB) stock is a Sell with a A$38.00 price target. To see the full list of analyst forecasts on National Australia Bank Limited stock, see the AU:NAB Stock Forecast page.

NAB Announces Climate-Focused Shareholder Resolution for 2025 AGM
Oct 9, 2025

National Australia Bank Limited has announced a shareholder resolution for its 2025 Annual General Meeting, which includes a focus on climate commitments and customer transition plans. The resolution emphasizes the bank’s commitment to the Paris Agreement goals and its policy to assess and rate the transition plans of fossil fuel sector customers, with implications for financing decisions based on these ratings.

The most recent analyst rating on (AU:NAB) stock is a Sell with a A$38.00 price target. To see the full list of analyst forecasts on National Australia Bank Limited stock, see the AU:NAB Stock Forecast page.

NAB Announces Shareholder Resolutions for 2025 AGM
Oct 8, 2025

National Australia Bank Limited has announced three shareholder resolutions for consideration at its upcoming Annual General Meeting in December 2025. These resolutions include a proposed amendment to the company’s constitution to allow shareholder opinions on director powers, a request for the bank to disclose its exposure to deforestation through its agricultural financing, and a strategy to eliminate financed deforestation. These resolutions highlight the bank’s focus on governance and environmental responsibility, potentially impacting its operations and stakeholder relationships.

The most recent analyst rating on (AU:NAB) stock is a Hold with a A$37.50 price target. To see the full list of analyst forecasts on National Australia Bank Limited stock, see the AU:NAB Stock Forecast page.

National Australia Bank Updates Voting Share Control
Oct 2, 2025

National Australia Bank Limited has announced a change in the aggregated percentage of voting shares controlled by its associated entities. The notice indicates a slight decrease in the percentage of voting shares from 0.0236% to 0.0208%. This change reflects the power of control over voting or disposal of shares by entities like JBWere Limited and the Bank of New Zealand, which act as investment managers for various client portfolios. The announcement is part of compliance with the Australian Securities and Investments Commission’s regulations and highlights the bank’s transparency in its shareholding structure.

The most recent analyst rating on (AU:NAB) stock is a Hold with a A$37.50 price target. To see the full list of analyst forecasts on National Australia Bank Limited stock, see the AU:NAB Stock Forecast page.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

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.Date of analysis: Oct 23, 2025