"We think there is substantial downside risk to our estimates, which in the event would put dividends at risk."
I hope he doesn't mean dividend to stop, that would bring out the instos in droves. The SP would be so badly smashed you won't recognise it is a bank stock.
"wider provision coverage of these exposures might have been more prudent."
The reason why NAB hasn't provided for the $4.5b is simply it does not have the capital to cover that risk. In other words, the bank is undercapitalised,IMO.
citi paper, page-2
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Last
$36.94 |
Change
-0.670(1.78%) |
Mkt cap ! $113.6B | |||
| Open | High | Low | Value | Volume |
| $37.08 | $37.29 | $36.88 | $167.7M | 4.533M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 445 | $36.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $36.97 | 11870 | 1 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| NAB (ASX) Chart |