Australian banks brace for lower earnings as costs, competition bite [Yahoo! Finance Canada]
NATL AUSTRALIA BK S/ADR (NABZY)
NASDAQ:AMEX Investor Relations:
nab.com.au/about-us/shareholder-centre
Company Research
Source: Yahoo! Finance Canada
next week, with investors focused on whether intense competition in lending and the rising costs of deposits will outweigh gains in mortgage revenues. The earnings will be closely monitored to see if the banking sector's share price surge by over a quarter since late 2023 is justified, with the sector posting its strongest rally in nearly two years in July. Although margins are stabilising, Australian banks face rising costs as depositors move funds into savings accounts paying more attractive rates and borrowers struggling with loan repayments due to high interest rates. "The banks hold large loan loss provisions to cover rising defaults, and borrowers struggling to service loans are remedying their financial situation by selling into a strong housing market," advisory firm Morningstar wrote in a client note. The Reserve Bank of Australia has held rates steady at 4.35% since November 2023 after a rapid 425 basis-point hike since May 2022. Markets expect the RBA to ease policy
Show less
Read more
Impact Snapshot
Event Time:
NABZY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
NABZY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
NABZY alerts
High impacting NATL AUSTRALIA BK S/ADR news events
Weekly update
A roundup of the hottest topics
NABZY
News
- Gold surges and euro sags as broader war risks rise [Yahoo! Finance Canada]Yahoo! Finance Canada
- DB Insurance Leads These 3 Top Dividend Stocks [Yahoo! Finance]Yahoo! Finance
- BioCatch partners with Australian banks on launch of fraud and scams intelligence-sharing network [Yahoo! Finance]Yahoo! Finance
- Dollar edges up with Trump's search for Treasury secretary in focus [USA TODAY]USA TODAY
- Dollar rally stalls, giving yen respite [CNBC]CNBC