National Australia Bank: Q3 trading update and regulatory capital
About the author:
- Author name:
- By Nathan Lead
- Job title:
- Senior Analyst
- Date posted:
- 15 August 2023, 8:30 AM
- Sectors Covered:
- Infrastructure, Utilities, Banks
- National Australia Bank (ASX:NAB) reported a 5% decline in pre-provision operating profit in Q3, mild asset quality deterioration, a strong CET1 capital ratio, and a new $1.5bn buyback.
- At current prices we rate NAB a HOLD, given 12 month potential TSR of c.3% (incl. a forecast cash yield of 5.8%) and target price of (login to view).
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