Thanks for your fast reply. Love a debate!
NAB
Growth in loans (cf 2017): Agriculture 6.9%, Health 6.7%, Comm RE 6.3%, other 3.9%
Residential first pass approval in line with 2017 however loan amount slightly less ($376,000 [2018] vs $379,000[2018])
Group net interest margin (Sept 17) 1.88% (Sept 18) 1.84%. Fall of just over 2%.
( I note an out of cycle rate rise of just 0.04% across the group, solves this, and many other banks (not NAB) did exactly similar recently)
FY18 costs savings of ~$320m = predicted >$1.0bn cost savings by FY 2020Delivered $320m of productivity savings with ~1,900 FTE exits
Yep, I don't see and evidence of NAB being "hammered" on this annual report in the predictable future (despite the naysayers) and with cost savings rising from 320 million to a billion dollars in 2020, there is plenty of upside.
Thanks for your fast reply. Love a debate!NABGrowth in loans (cf...
Add NAB (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$34.40 |
Change
0.120(0.35%) |
Mkt cap ! $106.7B | |||
| Open | High | Low | Value | Volume |
| $34.40 | $34.52 | $34.11 | $121.9M | 3.547M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1000 | $34.36 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $34.44 | 9235 | 2 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
|
|||||
|
Last
$34.51 |
Change
0.120 ( 0.41 %) |
||||
| Open | High | Low | Volume | ||
| $34.48 | $34.51 | $34.12 | 932395 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| NAB (ASX) Chart |