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NABZY - National Australia Bank: Weak Spots Should Not Be Ignored
National Australia Bank Ltd. ADR
National Australia Bank's recent financial results beat market expectations, with its 1H FY 2021 cash profit up +95% YoY and +68% QoQ.
But there are still several weak spots worth paying attention to, such as weak markets and treasury income and lower-than-expected net interest margin.
The market currently values National Australia Bank at 1.45 times P/B and 15.0 times consensus forward FY 2021 P/E, and the stock boasts a forward FY 2021 dividend yield of 4.4%.