National Australia Bank is outshining its major rivals today after JP Morgan analyst Andrew Triggs named the lender his clear top pick of the Big Four.
NAB shares were up 1.6 per cent at $28.16 this afternoon and trading well ahead of the Commonwealth Bank, Westpac, and ANZ after JP Morgan lifted the stock to overweight in a post-results season shuffle.
JP Morgan’s new pecking order in its banking coverage is Macquarie Group, NAB, and Bank of Queensland - all of which are rated overweight - while ANZ, Westpac, Bendigo Bank and Commonwealth Bank follow, each with neutral ratings.
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