NAB's 1H Earnings Look a Little Soft to Bear -- Market Talk
Dow Jones
May 04
0033 GMT - National Australia Bank's first-half result looks a touch soft to its bear at Citi. Analyst Thomas Strong admits it is challenging to compare NAB's cash earnings with the consensus because not all analysts have updated their forecasts to include impairments flagged by the lender last month. However, he reckons that the average analyst forecast was likely around A$2.683 billion, which is about 1% higher than the A$2.639 billion reported by NAB. Strong tells clients in a note that the miss is likely driven largely by revenue. Citi has a last-published sell rating and A$39.25 target price on the stock, which is down 2.8% at A$38.73. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
May 03, 2026 20:33 ET (00:33 GMT)
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